Custodians and clearing firms ranked by number of clients

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

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]
Source for both charts: InvestmentNews Data

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