| Rank | Firm | Website | Head of RIA custody business | # of clients | % change vs. 2011 | Assets under custody ($M) | % change vs. 2011 | Min. assets of advisers |
|---|---|---|---|---|---|---|---|---|
| 1 | Schwab Advisor Services* | schwabadvisorcenter.com | Bernie Clark, EVP, head of Schwab Advisor Services | 7000 | 0.0% | $735,000.0 | 5.3% | None |
| 2 | TD Ameritrade Institutional* | tdainstitutional.com | Thomas Nally, president | 4500 | 0.0% | N/D | N/A | None |
| 3 | Fidelity Institutional Wealth Services | fiws.fidelity.com | Michael Durbin, president | 3,300 | 0.0% | $553,200.0 | 6.1% | $15 million (new advisers); $10 million (RIAs) |
| 4 | Trade-PMR Inc. | tradepmr.com | Robb W. Baldwin, president, CEO | 1,230 | 24.9% | N/D | N/A | None |
| 5 | Scottrade Advisor Services | advisor.scottrade.com | Brian A. Davis, director | 1,100 | 20.2% | N/D | N/A | None |
| 6 | Shareholders Service Group | ssginstitutional.com | Peter Mangan, president, CEO | 975 | 8.3% | N/D | N/A | None |
| 7 | Pershing Advisor Solutions | pershing.com/ria | Mark Tibergien, CEO | 525 | -20.2% | $100,200.0 | 10.4% | $100 million |
| 8 | Folio Institutional | folioinstitutional.com | Greg Vigrass, president, CEO | 377 | 7.7% | N/D | N/A | None |
| 9 | Raymond James Financial Services, Investment Advisors Division | advisorchoice.com/ria | Bill Van Law, president | 275 | 25.0% | $7,200.0 | 11.3% | $50 million |
| 10 | LPL Financial LLC** | joinlpl.com | Matthew Enyedi, senior vice president of RIA services | 152 | 18.8% | $27,081.02 | 38.0% | $10 million |
| 11 | National Advisors Trust Co. | nationaladvisorstrust.com | Kevin Hobbs, vice president of operations | 139 | 1.5% | $7,469.9 | 0.0% | None |
| 12 | Trust Co. of America | trustamerica.com | David Barry, CEO | 136 | -1.4% | $10,000.0 | -2.0% | None |
| 13 | RBC Advisor Services | rbc-as.com | Catie Tobin, head of RBC correspondent and adviser services | 90 | 9.8% | $10,400.0 | 2.0% | $100 million |
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
