The officeholder is assisted by the Deputy Treasurer to the King/Queen for the management of the Sovereign Grant, currently Sally O'Neill (formerly Chief Operating Officer of the Royal Opera House).
The Keeper of the Privy Purse meets the Sovereign at least weekly.
Among the duties is the allocation of grace and favour apartments at the royal palaces.
[1] The current Keeper of the Privy Purse and Treasurer to the King is Sir Michael Stevens.
At coronations in recent centuries, the holders of this office have invariably carried a ceremonial purse, embroidered with the royal coat of arms.