Brokers can be fund custodians, and fund custodians refer to fund parties who directly control and manage fund assets according to the provisions of fund contracts and conduct specific fund operations according to the instructions of fund managers. The fund custodian is the representative of investors' rights and interests, and is the nominal holder or management institution of fund assets.

The general fund custodian can be a brokerage firm or a bank. Brokers generally have their own investment companies to take charge of private placement. If investors need to buy private equity funds, they can contact brokers, and brokers will have staff to introduce fund products.