| 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 |
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
