Independent custody, fiduciary alignment, and institutional controls

Governance establishes decision rights, documents assumptions, and enforces a review cadence so strategy remains coherent as markets, tax law, and life evolve.

Risk is continuously assessed—concentration, liquidity, tax sensitivity, structural complexity, liability exposure, and continuity—so exposures remain intentional.

Assets are held at independent custodians, titled directly to the client. ERX does not custody client assets. This separation reinforces transparency, control, and fiduciary alignment.

Custodians provide custody and reporting, and may offer banking and lending capabilities subject to eligibility and approval. ERX coordinates strategy and implementation above the custodial platform, without balance-sheet conflict.

Sequenced. Governed. Executed.