| 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 |
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
