Tom and Sharon have asked you to manage and take custody of their investment accounts. You: Disagree because they don't have over the $5 million in assets; minimum limit required by law. Disagree, because investment advisors are not allowed to take custody of their client's investment accounts, Agree to their request because they have over $1 million in assets; the minimum limit required by law. Agree, and begin to transfer the funds, immediately disclosing the holding location