Deep Dives10 min read
How Platforms Hold and Segregate Client Funds with Omnibus Accounts
An omnibus account pools money attributable to several clients in one external account. The platform or its provider maintains records of each client’s entitlement. That describes the account arrangement; it does not establish permission to hold the money, separation from operating cash, or protection if a company fails. A pooled account can be segregated from the holder’s own funds. Separate client accounts can still have inadequate legal terms or records.
omnibus accountssegregate client fundsfund segregation+2 more
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