| Firm | Website | Head of RIA custody business | 2015 # of clients | % change vs. 2014 | Assets under custody ($M) | % change vs. 2014 | Minimum assets of advisers |
|---|---|---|---|---|---|---|---|
| Schwab Advisor Services | http://www.advisorservices.schwab.com | Bernie Clark (Executive vice president and head) | 7,100 | 1.4% | $1,136,500.0 | 5.1% | N/D |
| TD Ameritrade Institutional | http://www.tdainstitutional.com | Thomas Nally (President) | 5,000 | 11.1% | N/D | N/A | N/A |
| Interactive Brokers | http://www.interactivebrokers.com | Andrea Nagy (Sales engineer) | 2,909 | 20.0% | $10,800.0 | 20.0% | None |
| Shareholders Service Group | http://www.ssginstitutional.com | Peter Mangan (CEO) | 1,411 | 12.4% | N/D | N/A | None |
| Trade-PMR Inc. | http://www.tradepmr.com | Robb W. Baldwin (President, CEO) | 1,132 | -25.8% | N/D | N/A | None |
| Scottrade Advisor Services | http://advisor.scottrade.com | Brian Stimpfl (Senior Vice President, Scottrade Advisor Services) | 1,000 | -9.1% | N/D | N/A | None |
| Pershing Advisors Solutions | http://www.pershing.com/who-we-serve/registered-investment-advisors | Mark Tibergien (CEO) | 591 | 5.2% | $168,500.0 | 17.3% | $100M |
| Folio Institutional | http://www.folioinstitutional.com | Greg Vigrass (President, Folio Institutional) | 407 | 25.2% | N/D | N/A | None |
| LPL Financial | http://www.joinlpl.com | Matthew Enyedi (SVP RIA Services) | 342 | 21.3% | $105,000.0 | 34.6% | None |
| U.S. Bank | http://www.usbank.com/itc | Alan M Markarian (Senior Vice President) | 230 | 15.0% | $73,000.0 | 7.4% | $100,000 |
| Trust Company of America | http://www.trustamerica.com | Joshua Pace (President, CEO) | 210 | 6.1% | $13,600.0 | 1.5% | None |
| National Advisors Trust Co. | http://www.nationaladvisorstrust.com | James A. Combs (CEO) | 179 | 9.8% | $9,970.9 | 4.6% | None |
| RBC Advisor Services | http://www.rbc-as.com | Catie Tobin (Head of RBC Correspondent & Advisor Services) | 96 | -2.0% | $13,550.0 | 4.2% | $50M |
| National Financial Services Fidelity Clearing and Custody* | http://fiws.fidelity.com | Bob Oros (Executive Vice President, Head of RIA Segment) | N/D | N/A | N/D | N/A | N/A |
| Firm | Web site | # of clients | % change | Contact(s) | Phone | |
|---|---|---|---|---|---|---|
| Pershing | https://www.pershing.com/who-we-serve/broker-dealers | 772 | -4.8% | Michael Row (Managing director) | http://www.pershing.com/contact/ | |
| RBC Correspondent Services | http://www.rbc-cs.com | 180 | 0.0% | Greg Plifka (Director of Business Development) | (888) 524-9800 | [email protected] |
| Merrill Lynch Professional Clearing Corp. & Broadcort | http://www.broadcort.com | 143 | -17.3% | Gary Yetman (Managing director at MLPro); Anthony Vella (Director of Sales) | (646) 743-1222/646-743-0955 | [email protected]/[email protected] |
| Southwest Securities Inc. | http://www.swst.com | 135 | -6.9% | Lana Calton (Head of Clearing Services) | (214) 859-9228 | [email protected] |
| Wedbush Securities Inc. | http://www.wedbush.com | 120 | 0.0% | Sean Thompson (Senior Vice President, Advanced Clearing Services) | (213) 688-4567 | [email protected] |
| Apex Clearing Corp. | http://www.apexclearing.com | 100 | 25.0% | Todd Shroeder (Head of Sales) | (214) 765-1010 | [email protected] |
| COR Clearing | http://www.corclearing.com | 100 | -4.8% | Roy DiMaria (Director Business Development) | 732-635-2496 | [email protected] |
| Sterne Agee Clearing Inc. | http://www.sterneagee.com | 80 | -8.0% | Damon B Joyner (President, CEO); Patricia A Jamison (Chief Operating Officer) | (205) 271-6208/(205) 776-2917 | [email protected]/[email protected] |
| First Clearing | http://www.firstclearing.com | 77 | -3.8% | David L. Williams (Managing Director) | (888) 322-2532 | [email protected] |
| Goldman Sachs Execution & Clearing | http://www.goldmansachs.com | 75 | -17.6% | Kyle Czepiel (Managing director) | (212) 357-2802 | [email protected] |
| Raymond James & Associates Inc. | http://www.raymondjamesclearing.com | 40 | 8.1% | Robb Combs (Director of Correspondent Services) | (727) 567-3990 | [email protected] |
| LPL Financial | http://www.lpl.com | 6 | 0.0% | Arthur Osman (Executive vice president, clearing services) | (704) 733-3300 ext. 3852 | [email protected] |
| National Financial Services Fidelity Clearing and Custody | http://www.nationalfinancial.com | N/D | N/A | Dave Brown (Senior Vice President, National Sales Manager); Sanjiv Mirchandani (President, Fidelity Clearing and Custody | (212) 335-5064 | [email protected] |
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
