| 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] |
Large broker-dealers and registered investment advisors have, since 2020, been developing or sticking to strategies and tactics to combat the pain of intense, short-term market volatility
Centaurus Financial touts its independence as a key selling point at a time when many firms are being swallowed up.
New TIAA Institute research finds professional guidance narrows the gap between retirement dreams and reality.
Breakaway advisors join new firms in Oklahoma, Idaho.
Annual benchmark climbs 7.5% as advisors lean on HSAs to help clients close the gap.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
