| Firm | Phone/website | # of clients | % change vs. 2016 | Contact | Phone/email |
|---|---|---|---|---|---|
| Pershing | (800) 445-4467 | 714* | -3.90% | Michael Row | (800) 445-4467 |
| One Pershing Plaza, Jersey City, NJ 07399 | pershing.com/who-we-serve/broker-dealers | Managing director, global client relationships | N/D | ||
| Hilltop Securities Inc. | (877) 797-6613 | 178 | -1.10% | Lana Calton | (214) 859-9228 |
| 1201 Elm St., Dallas, TX 75270 | hilltopsecurities.com | Managing director, head of clearing | lana.calton@hilltopsecurities.com | ||
| RBC Correspondent Services | (888) 665-7630 | 178 | 0.00% | Greg Plifka | (888) 524-9800 |
| 60 S. Sixth St., Minneapolis, MN 55402 | rbccorrespondentservices.com | Director, business development | greg.plifka@rbc.com | ||
| Wedbush Securities Inc. | (213) 688-8000 | 100 | 0.00% | Sean Thompson | (213) 688-4578 |
| 1000 Wilshire Blvd., Los Angeles, CA 90017 | wedbush.com | Senior vice president | sean.thompson@wedbush.com | ||
| COR Clearing | (800) 811-3487 | 80 | -1.30% | Michael Scaplen | (732) 635-2490 |
| 1299 Farnam St. Ste. 800, Omaha, NE 68102 | corclearing.com | Senior VP, sales and relationship management | michael.scaplen@corclearing.com | ||
| First Clearing | (888) 322-2532 | 69 | 0.00% | David L. Williams | (888) 322-2532 |
| One North Jefferson Ave., St. Louis, MO 63103 | firstclearing.com | Managing director | david.l.williams@firstclearing.com | ||
| INTL FCStone Financial Inc. | (561) 544-7611 | 45 | 4.40% | Roger Shaffer | (561) 544-7611 |
| 708 Third Avenue, 15th Floor, New York, NY 10017 | ifcs.co/custody-clearing | Managing director | custodyclearing@intlfcstone.com | ||
| Raymond James & Associates Inc. | (727) 567-3990 | 39 | -4.90% | Tom Parr | (630) 841-3149 |
| 880 Carillon Parkway, St. Petersburg, FL 33716 | raymondjames.com/clearing | Manager, business development | tom.parr@raymondjames.com | ||
| Fidelity Clearing & Custody Solutions** | (877) 262-5950 | N/D | N/A | John Phillips | (617) 563-2253 |
| 200 Seaport Blvd., Boston, MA 02210 | clearingcustody.fidelity.com | EVP, head of broker-dealer and bank sales | john.d.phillips@fmr.com | ||
| Merrill Lynch Professional Clearing Corp. & Broadcort | (646) 743-0110 | N/D | N/A | Vito Laurenzano | (646) 743-1246 |
| 1 Bryant Park, 6th floor, New York, NY 10036 | bofaml.com/en-us/content/solutions-for-financing-and-clearing.html | Director |
| Clearing firm | 2016 Total firm(s) used | Revenue ($M) |
|---|---|---|
| 1 LPL Financial | Self-clearing | $3,977.40 |
| 2 Ameriprise Financial Services Inc. | Self-clearing | $3,945.00 |
| 3 Raymond James Financial Services Inc. | Self-clearing | $1,790.20 |
| 4 Commonwealth Financial Network | National Financial Services*, Pershing | $1,068.70 |
| 5 Wells Fargo Advisors Financial Network | First Clearing | $910.80 |
| 6 Lincoln Financial Network | National Financial Services, Pershing | $826.30 |
| 7 AXA Advisors | LPL Financial | $727.50 |
| 8 Cambridge Investment Research Inc. | National Financial Services, Pershing | $711.50 |
| 9 Securities America Inc. | National Financial Services, Pershing | $535.70 |
| 10 Cetera Advisor Networks | Pershing | $519.50 |
| 11 Waddell & Reed Financial Advisors | Pershing | $487.40 |
| 12 Royal Alliance Associates Inc. | National Financial Services, Pershing | $466.80 |
| 13 Kestra Financial | National Financial Services | $423.10 |
| 14 Voya Financial Advisors Inc. | Pershing | $393.70 |
| 15 National Planning Corporation (NPC) | Pershing | $376.80 |
| 16 MML Investors Services | National Financial Services | $367.60 |
| 17 Signator Investors Inc. | National Financial Services, Pershing | $357.30 |
| 18 Securion Financial Services Inc. | N/A | $325.60 |
| 19 HD Vest Investment Services | N/A | $316.60 |
| 20 SagePoint Financial Inc. | National Financial Services, Pershing | $307.60 |
| Firm | Phone/website | Head of RIA custody business | # of clients | % change vs. 2016 | Assets under custody ($M) | % change vs. 2016 | Minimum assets of advisers |
|---|---|---|---|---|---|---|---|
| Schwab Advisor Services | (877) 687-4085 | Bernie Clark | 7,500 | 5.60% | $1,356,600.00 | 12.50% | None |
| 211 Main St., San Francisco, CA 94105 | advisorservices.schwab.com | Executive vice president and head of Schwab Advisor Services | |||||
| SEI* | (610) 676-1000 | Wayne Withrow | 7,300 | 5.80% | $58,000.00 | 4.30% | $25M |
| One Freedom Valley Dr., Oaks, PA 19456 | seic.com/advisors | Executive vice president and unit head, SEI Advisor Network | |||||
| TD Ameritrade Institutional | (800) 934-6124 | Tom Nally | 5,000 | 0.00% | N/D | N/A | None |
| One Plaza Four A, Jersey City, NJ 07311 | tdainstitutional.com | President | |||||
| Interactive Brokers | (877) 442-2757 | Andrea Nagy | 3,657 | 10.70% | $26,000.00 | 107.00% | $5,000 |
| 8 Greenwich Office Park, Greenwich, CT 06831 | interactivebrokers.com | Sales engineer | |||||
| Shareholders Service Group | (800) 380-7370 | Peter Mangan | 1,517 | 0.30% | N/D | N/A | None |
| 9845 Erma Road, San Diego, CA 92131 | ssginstitutional.com | CEO | |||||
| Trade-PMR Inc. | (888) 579-8640 | Robb Baldwin | 730 | -25.10% | N/D | N/A | $2.5M |
| 2511 N.W. 41st St., Gainesville, FL 32606 | tradepmr.com | CEO | |||||
| Pershing Advisors Solutions | (800) 445-4467 | Mark Tibergien | 587 | -0.80% | $220,000.00 | 15.20% | $100M |
| One Pershing Plaza, Jersey City, NJ 07339 | pershing.com/who-we-serve/registered-investment-advisors | CEO | |||||
| Folio Institutional | (703) 245-4000 | Greg Vigrass | 454 | 7.10% | N/D | N/A | N/D |
| 8180 Greensboro Drive, 8th Floor, McLean, VA 22102 | folioinstitutional.com | President | |||||
| LPL Financial | (800) 877-7210 | Matthew Enyedi | 426 | 9.50% | 164,000.00 | 24.20% | $25M |
| 75 State St., Boston, MA 02109 | lpl.com | Executive vice president, national consulting and marketing | |||||
| U.S. Bank** | (513) 562-3621 | Alan M. Markarian | 214 | -11.60% | $75,000.00 | -22.70% | None |
| 425 Walnut St., Cincinnati, OH 45202 | usbank.com/itc | Senior vice president | |||||
| Trust Company of America | (800) 955-7808 | Joshua Pace | 200 | 14.30% | $16,000.00 | 14.30% | $20M |
| 7103 S. Revere Parkway, Centennial, CO 80112 | trustamerica.com | President and CEO | |||||
| National Advisors Trust Company, FSB | (877) 527-3476 | James A.Combs Jr. | 192 | 0.00% | $11,574.70 | 17.40% | None |
| 800 E. 101st Terrace, Suite 300, Kansas City, MO 64131 | nationaladvisorstrust.com | CEO and president | |||||
| RBC Advisor Services | (888) 665-7630 | Brett Thorne | 106 | 6.00% | $15,300.00 | 9.30% | None |
| 60 S. Sixth St., Minneapolis, MN 55402 | rbc-as.com | Head, RBC Correspondent & Advisor Services | |||||
| Fidelity Clearing & Custody Solutions*** | (800) 735-3756 | David Canter | N/D | N/A | N/D | N/A | N/D |
| 200 Seaport Blvd., Boston, MA 02210 | clearingcustody.fidelity.com | Executive vice president, head of RIA Segment |
Executives from LPL Financial, Cresset Partners hired for key roles.
Geopolitical tension has been managed well by the markets.
December cut is still a possiblity.
Canada, China among nations to react to president-elect's comments.
For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.
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