The ARTAIS Fund, as with most Spoke Funds, uses a third-party, FDIC-insured trust company (Trust Company of America) to provide oversight of all portfolio holdings. All client accounts are maintained at the trust company.
Technology allows the fund manager to actively trade and reallocate portfolios as he sees fit, but the fund manager never physically touches the money. This is an important consideration, as Ponzi schemes have shown us how easy it is for an unscrupulous fund manager to skim accounts and cook the books. That is why a third party, FDIC-insured trust company is a must.