Asset servicing built for your complex challenges.
Principal® Custody Solutions specializes in working with a large and complex pool of custodial assets through high-touch, personal service from experienced professionals who feel like an extension of your team.
We know your custody needs don’t fall into a one-size-fits-all approach. Based on our experience with clients like you, we understand how to balance your goals with market conditions by providing options to address your specific needs.
We deliver trust and custody services for nearly
clients, with assets under custody totaling over $1 trillion.1
Our custody services can include:
- Asset servicing and safekeeping
- Fiduciary support
- Online account access
- Safekeeping of global domiciled securities for US-based accounts
- Financial statements
- Cash transactions
- Daily valuation
- Cash sweep
- Benefit payments
- Tax reporting
- Employee benefits design, consulting, and administration
- Custom reporting
- GASB information and statements
- Actuarial consulting
- Transition management
- Asset allocation overlays
- Foreign exchange
- Schedule D reporting
- Trade clearance
- Performance reporting
- Governmental reporting
- Ad hoc reporting
- Capital change notifications
- Third-party interface
- Collateral valuation
- Unitized accounting
- Donor accounting
- FAS 157/ASC 820 reporting
- Straight through processing (SWIFT)
- Participant web experience
Have questions? Let’s talk.
Are you a retirement plan participant with a question? Get immediate answers from the Engagement Center at 877-877-1207.
1 As of Dec. 31, 2021.
Principal Global Advisors is a specialized investment management group within Principal Global Investors®. Principal Global Investors leads global asset management at Principal®.
Custody and trust services are provided by Principal Bank®, Member FDIC, and/or Principal Trust Company®. These services are provided under the trade name Principal® Custody Solutions, a division of Principal Bank. Principal Trust Company is a trade name of Delaware Charter Guarantee & Trust Company.
When Principal Custody Solutions is providing investment management services, Principal Custody Solutions serves as the investment manager or discretionary trustee, but leverages the investment expertise of Principal Global Advisors. Customers may also contract directly with Principal Global Advisors for investment management services. In those instances, Principal Custody Solutions serves solely in a custodial or trustee capacity. Please refer to your underlying service agreements for details.
Principal Financial Group closed the acquisition of certain assets of the Wells Fargo Institutional Retirement and Trust business (IRT) on July 1, 2019. The transition, transfer, and integration of IRT business operations, employees, and clients is scheduled to occur by March 2022. During the transition period, Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company, will continue to operate and service the IRT business for the benefit of Principal®, including providing recordkeeping, trustee, and/or custody services. Wells Fargo has not reviewed the content of the attached material and makes no judgment of its accuracy.
Principal Global Investors, Principal Bank, and Principal Trust Company are members of the Principal Financial Group®, Des Moines, Iowa 50392. Principal, Principal and symbol design and Principal Financial Group are trademarks and service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. © 2021 Principal Financial Services, Inc.
Investment and insurance products are:
- Not insured by the FDIC or any Federal Government Agency
- Not a Deposit or Other Obligation of, or Guaranteed by, Principal Bank or Any Bank Affiliate
- Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested