Industry News

The largest custodians in the RIA business

Ranked by number of RIA custody clients

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