The largest custodians in the RIA business

Ranked by number of RIA custody clients

Jul 15, 2012 @ 12:01 am

  
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
As of June 30. *Number of clients is a company estimate **Number of clients is as of March 31 Source: InvestmentNews Data

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