|Rank||Firm||Website||Head of RIA custody business||# of clients||% change vs. 2011||Assets under custody ($M)||% change vs. 2011||Min. assets of advisers|
|1||Schwab Advisor Services*||schwabadvisorcenter.com||Bernie Clark, EVP, head of Schwab Advisor Services||7000||0.0%||$735,000.0||5.3%||None|
|2||TD Ameritrade Institutional*||tdainstitutional.com||Thomas Nally, president||4500||0.0%||N/D||N/A||None|
|3||Fidelity Institutional Wealth Services||fiws.fidelity.com||Michael Durbin, president||3,300||0.0%||$553,200.0||6.1%||$15 million (new advisers); $10 million (RIAs)|
|4||Trade-PMR Inc.||tradepmr.com||Robb W. Baldwin, president, CEO||1,230||24.9%||N/D||N/A||None|
|5||Scottrade Advisor Services||advisor.scottrade.com||Brian A. Davis, director||1,100||20.2%||N/D||N/A||None|
|6||Shareholders Service Group||ssginstitutional.com||Peter Mangan, president, CEO||975||8.3%||N/D||N/A||None|
|7||Pershing Advisor Solutions||pershing.com/ria||Mark Tibergien, CEO||525||-20.2%||$100,200.0||10.4%||$100 million|
|8||Folio Institutional||folioinstitutional.com||Greg Vigrass, president, CEO||377||7.7%||N/D||N/A||None|
|9||Raymond James Financial Services, Investment Advisors Division||advisorchoice.com/ria||Bill Van Law, president||275||25.0%||$7,200.0||11.3%||$50 million|
|10||LPL Financial LLC**||joinlpl.com||Matthew Enyedi, senior vice president of RIA services||152||18.8%||$27,081.02||38.0%||$10 million|
|11||National Advisors Trust Co.||nationaladvisorstrust.com||Kevin Hobbs, vice president of operations||139||1.5%||$7,469.9||0.0%||None|
|12||Trust Co. of America||trustamerica.com||David Barry, CEO||136||-1.4%||$10,000.0||-2.0%||None|
|13||RBC Advisor Services||rbc-as.com||Catie Tobin, head of RBC correspondent and adviser services||90||9.8%||$10,400.0||2.0%||$100 million|
The largest custodians in the RIA business
Ranked by number of RIA custody clients
Jul 15, 2012 @ 12:01 am
There's a lot evolving in the financial services industry that technology can help with. Advisers that embrace this change are the ones who will succeed, according to Fidelity's Tricia Haskins.
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