Custodians and clearing firms ranked by number of clients

New data gathered by <i>InvestmentNews</i> shows how these firms stack up

AUG 09, 2015

By InvestmentNews Data

Custodians ranked by number of RIA custody clients

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

As of June 30. N/A = not available N/D = Not disclosed *As of June 30, 2015, National Financial Services Fidelity Clearing and Custody had 3,200 total clients. Firm did not break out RIA custody clients from clearing clients.

Clearing firms ranked by numer of broker-dealer clients served

Firm	Web site	# of clients	% change	Contact(s)	Phone	E-mail
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]