| 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] |
Concerns about outliving savings and healthcare costs are reshaping how "Peak 65" Americans and advisors approach income planning.
Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.
Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.
Modern Wealth's latest deal for a California-based fee-only RIA marks its fourth acquisition of 2025.
Sen. Warren has warned of private market investment risks due to opacity, illiquidity, and past regulatory issues.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
