According to GIPS, the custody fee is not trading expense, but what is the type of custody fee? Administration fee?
Yes It normally includes admin fees.
GOOD. I was wondering myself. Not working in an industry sometimes can be a disadvantage
I should add, custody fees are fees paid to your Custodian Bank⦠the one that holds your cash and keeps track of your securities and transaction, and provide you with an account statement each month.