Numbers Game

Custodians and clearing firms ranked by number of clients

New data gathered by InvestmentNews shows how these firms stack up

Aug 9, 2015 @ 12:01 am

By InvestmentNews Data

Custodians ranked by number of RIA custody clients

FirmWebsiteHead of RIA custody business2015 # of clients% change vs. 2014Assets under custody ($M)% change vs. 2014Minimum assets of advisers
Schwab Advisor Serviceshttp://www.advisorservices.schwab.com Bernie Clark (Executive vice president and head)7,1001.4%$1,136,500.05.1%N/D
TD Ameritrade Institutionalhttp://www.tdainstitutional.comThomas Nally (President)5,00011.1%N/DN/AN/A
Interactive Brokershttp://www.interactivebrokers.comAndrea Nagy (Sales engineer)2,90920.0%$10,800.020.0%None
Shareholders Service Grouphttp://www.ssginstitutional.comPeter Mangan (CEO)1,41112.4%N/DN/ANone
Trade-PMR Inc.http://www.tradepmr.comRobb W. Baldwin (President, CEO)1,132-25.8%N/DN/ANone
Scottrade Advisor Serviceshttp://advisor.scottrade.comBrian Stimpfl (Senior Vice President, Scottrade Advisor Services)1,000-9.1%N/DN/ANone
Pershing Advisors Solutionshttp://www.pershing.com/who-we-serve/registered-investment-advisorsMark Tibergien (CEO)5915.2%$168,500.017.3%$100M
Folio Institutionalhttp://www.folioinstitutional.comGreg Vigrass (President, Folio Institutional)40725.2%N/DN/ANone
LPL Financialhttp://www.joinlpl.comMatthew Enyedi (SVP RIA Services)34221.3%$105,000.034.6%None
U.S. Bankhttp://www.usbank.com/itcAlan M Markarian (Senior Vice President)23015.0%$73,000.07.4%$100,000
Trust Company of Americahttp://www.trustamerica.comJoshua Pace (President, CEO)2106.1%$13,600.01.5%None
National Advisors Trust Co.http://www.nationaladvisorstrust.comJames A. Combs (CEO)1799.8%$9,970.94.6%None
RBC Advisor Serviceshttp://www.rbc-as.comCatie Tobin (Head of RBC Correspondent & Advisor Services)96-2.0%$13,550.04.2%$50M
National Financial Services Fidelity Clearing and Custody*http://fiws.fidelity.comBob Oros (Executive Vice President, Head of RIA Segment)N/DN/AN/DN/AN/A

As of June 30. N/A = not available N/D = Not disclosed *As of June 30, 2015, National Financial Services Fidelity Clearing and Custody had 3,200 total clients. Firm did not break out RIA custody clients from clearing clients.

FirmWeb site# of clients% changeContact(s)PhoneE-mail
Pershinghttps://www.pershing.com/who-we-serve/broker-dealers772-4.8%Michael Row (Managing director)http://www.pershing.com/contact/
RBC Correspondent Serviceshttp://www.rbc-cs.com1800.0%Greg Plifka (Director of Business Development)(888) 524-9800greg.plifka@rbc.com
Merrill Lynch Professional Clearing Corp. & Broadcorthttp://www.broadcort.com143-17.3%Gary Yetman (Managing director at MLPro); Anthony Vella (Director of Sales)(646) 743-1222/646-743-0955gary.yetman@baml.com/anthony.j.vella@baml.com
Southwest Securities Inc.http://www.swst.com135-6.9%Lana Calton (Head of Clearing Services)(214) 859-9228lcalton@swst.com
Wedbush Securities Inc.http://www.wedbush.com1200.0%Sean Thompson (Senior Vice President, Advanced Clearing Services)(213) 688-4567Sean.Thompson@wedbush.com
Apex Clearing Corp.http://www.apexclearing.com10025.0%Todd Shroeder (Head of Sales)(214) 765-1010sales@apexclearing.com
COR Clearinghttp://www.corclearing.com100-4.8%Roy DiMaria (Director Business Development)732-635-2496roy.dimaria@corclearing.com
Sterne Agee Clearing Inc. http://www.sterneagee.com80-8.0%Damon B Joyner (President, CEO); Patricia A Jamison (Chief Operating Officer)(205) 271-6208/(205) 776-2917djoyner@sterneagee.com/pjamison@sterneagee.com
First Clearinghttp://www.firstclearing.com77-3.8%David L. Williams (Managing Director)(888) 322-2532david.l.williams@firstclearing.com
Goldman Sachs Execution & Clearinghttp://www.goldmansachs.com75-17.6%Kyle Czepiel (Managing director)(212) 357-2802kyle.czepiel@gs.com
Raymond James & Associates Inc.http://www.raymondjamesclearing.com408.1%Robb Combs (Director of Correspondent Services)(727) 567-3990robb.combs@raymondjames.com
LPL Financialhttp://www.lpl.com60.0%Arthur Osman (Executive vice president, clearing services)(704) 733-3300 ext. 3852arthur.osman@lpl.com
National Financial Services Fidelity Clearing and Custodyhttp://www.nationalfinancial.comN/DN/ADave Brown (Senior Vice President, National Sales Manager); Sanjiv Mirchandani (President, Fidelity Clearing and Custody(212) 335-5064david.brown.nf@fmr.com

Source for both charts: InvestmentNews Data

Clearing firms ranked by numer of broker-dealer clients served

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