| 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 |
As other states curb non-competes, the East Coast growth hub could soon become the most employer-friendly jurisdiction in the US.
Last summer, the two, David Gentile and Jeff Schneider, were found guilty of fraud in federal court in Brooklyn and received their sentencing today.
Early parenthood linked to lower fulfillment and fewer leadership roles, despite otherwise strong industry-wide support.
“It's the Golden Age, we're all blessed that this is where we are, what we do for a living, and that the sun is shining on the transition towards the RIA space," Creative Planning CIO Jamie Battmer said at a forum hosted by Goldman Sachs.
Strategists expect municipal bonds to best Treasuries during the four-month window from May until August, following a historical trend.
From direct lending to asset-based finance to commercial real estate debt.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
