| Firm | Phone/website | Head of RIA custody business | # of clients | % change vs. 2012 | Assets under custody ($M) | % change vs. 2012 | Minimum assets of advisers | |
|---|---|---|---|---|---|---|---|---|
| 1 | Schwab Advisor Services | (877) 687-4085 schwabadvisorcenter.com |
Bernie Clark, Executive vice president and head of Schwab Advisor Services | 70001 | 0.0% | $895,000.0 | 0.0% | None |
| 2 | TD Ameritrade Institutional | (800) 934- 6124 tdainstitutional.com |
Thomas Nally, President | 45001 | 0.0% | N/D | N/A | None |
| 3 | Fidelity Institutional Wealth Services | (800) 735-3756 fiws.fidelity.com |
Michael Durbin, President of Institutional Wealth Services | 3,213 | -2.6% | $660,000.0 | 19.3% | $15M |
| 4 | Trade-PMR Inc. | (888) 579-8640 tradepmr.com |
Robb W. Baldwin, President, CEO | 1,364 | 10.9% | N/D | N/A | None |
| 5 | Scottrade Advisor Services | (866) 306-7135 advisor.scottrade.com |
Brian A. Davis, Head of Scottrade Advisor Services | 1,250 | 13.6% | N/D | N/A | None |
| 6 | Shareholders Service Group | (800) 380-7370 ssginstitutional.com |
Peter Mangan, President, CEO | 1,088 | 11.6% | N/D | N/A | None |
| 7 | Pershing Advisor Solutions | (800) 445-4467 pershing.com/ria |
Mark Tibergien, CEO | 547 | 4.2% | $1,182,000.0 | 18.0% | $100M |
| 8 | Folio Institutional | (703) 245-4000 folioinstitutional.com |
Greg Vigrass, President, CEO | 405 | 7.4% | N/D | N/A | None |
| 9 | Raymond James Financial Services, Investment Advisors Division | (888) 399-1237 advisorchoice.com/ria |
Bill Van Law, President | 280 | 1.8% | $82,000.0 | 13.9% | $50M |
| 10 | LPL Financial LLC | (800) 877-7210 joinlpl.com |
Matthew Enyedi, Senior vice president of RIA Services | 1992 | 30.9% | $466,960.0 | 72.4% | None |
| 11 | National Advisors Trust Co. | (913) 234-8200 nationaladvisorstrust.com |
Kevin D. Hobbs, Senior vice president of operations | 144 | 3.6% | $82,548.0 | 10.5% | None |
| 12 | Trust Co. of America | (800) 955-7808 trustamerica.com |
David Barry, CEO | 142 | 4.4% | $113,000.0 | 13.0% | None |
| 13 | RBC Advisor Services | (888) 665-7630 rbc-as.com |
Catie Tobin, Head of RBC Correspondent & Advisor Services | 99 | 10.0% | $116,200.0 | 11.7% | $100M |
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
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.
