2016 custodians and clearing firms ranking
Clearing Firms listed by number of broker-dealer clients Firm Website # of clients % change vs. 2015 Contact…
Clearing Firms listed by number of broker-dealer clients
| Firm | Website | # of clients | % change vs. 2015 | Contact | Phone | |
|---|---|---|---|---|---|---|
| Pershing LLC | www.pershing.com/who-we-serve/broker-dealers | 743 | -3.80% | Michael Row | (800) 445-4467 | pershing.com/contact/ |
| RBC Correspondent Services | rbc-cs.com | 187 | 3.90% | Greg Plifka | (888) 524-9800 | [email protected] |
| Hilltop Securities Inc. | HilltopSecurities.com | 178 | 31.90% | Lana Calton | (214) 859-9228 | [email protected] |
| COR Clearing LLC | corclearing.com | 102 | 2.00% | Michael Scaplen | (732) 635-2490 | [email protected] |
| Apex Clearing Corp. | apexclearing.com | 100 | 25.00% | Scott Daspin | (214) 953-3596 | [email protected] |
| Wedbush Securities Inc. | wedbush.com | 100 | -16.70% | Sean Thompson | (213) 688-4578 | [email protected] |
| First Clearing LLC | firstclearing.com | 73 | -5.20% | David L. Williams | (888) 322-2532 | [email protected] |
| Sterne Agee Clearing Inc. | sterneagee.com | 50 | -37.50% | Damon B. Joyner | (205) 271-6208 | [email protected] |
| Raymond James & Associates Inc. | raymondjamesclearing.com | 41 | 2.50% | Robb Combs | (813) 541-0340 | [email protected] |
| LPL Financial LLC | lpl.com | 6 | 0.00% | Matthew Enyedi | (858) 909-7226 | [email protected] |
| DST Market Services, LLC | dstmarketservices.com | N/D | N/A | Tom Parr | (612) 238-3993 | [email protected] |
| Fidelity Clearing & Custody Solutions* | nationalfinancial.com | N/D | N/A | Dave Brown | (212) 335-5064 | [email protected] |
| Merrill Lynch Professional Clearing Corp. & Broadcort** | broadcort.com | N/A | N/A | Anthony Vella | (646) 743-0955 | [email protected] |
As of June 30. N/A = not available. N/D = not disclosed. *As of June 30, Fidelity Clearing and Custody had 3,200 total clients and $1.5T in assets. Firm did not break out RIA custody clients and assets from clearing clients and assets. **Bank of America Merrill Lynch was not able to provide data by press time.
Source: InvestmentNews Data
Custodians listed by number of RIA clients
| Firm | Website | Head of RIA custody business | # of clients | % change vs. 2015 | Assets under custody ($M) | % change vs. 2015 | Minimum assets of advisers |
|---|---|---|---|---|---|---|---|
| SEI Investments | seic.com/advisors | Wayne Withrow (Head of Clearing) | 7,140* | 3.7% | $53,700.0 | 8.0% | None |
| Schwab Advisor Services | advisorservices.schwab.com | Bernie Clark (Executive Vice President and Head of Schwab Advisor Services) | 7,100 | 0.0% | $1,206,000.0 | 5.8% | N/D |
| TD Ameritrade Institutional | tdainstitutional.com | Tom Nally (President) | 5,000 | 0.0% | N/D | N/A | None |
| Interactive Brokers LLC | interactivebrokers.com | Andrea Nagy (Sales Engineer) | 3,305 | 13.6% | $12,561.9 | 16.3% | None |
| Shareholders Service Group | ssginstitutional.com | Peter Mangan (CEO) | 1,513 | 7.2% | N/D | N/A | None |
| Scottrade Advisor Services | advisor.scottrade.com | Brian J. Stimpfl (Head, Scottrade Advisor Services) | 1,000 | 0.0% | N/D | N/A | None |
| Trade-PMR Inc. | tradepmr.com | Robb Baldwin (CEO) | 975 | -13.9% | N/D | N/A | $2.5M |
| Pershing Advisors Solutions | pershing.com/who-we-serve/registered-investment-advisors | Mark Tibergian (Chief Executive Officer) | 592 | 0.2% | $191,000 | 13.0% | $100M |
| Folio Institutional | folioinstitutional.com | Greg Vigrass (President) | 424 | 4.2% | N/D | N/A | $25M |
| LPL Financial LLC | LPL.com | Matthew Enyedi (Executive Vice President, RIA Solutions) | 389 | 13.7% | $132,000.0 | 17.9% | None |
| U.S. Bank | usbank.com/itc | Alan M Markarian (Senior Vice President) | 242 | 5.2% | $97,000.0 | 32.9% | $25M |
| National Advisors Trust Company, FSB | nationaladvisorstrust.com | James A. Combs, Jr. (CEO & President) | 192 | 7.3% | $9,856.1 | -1.2% | None |
| Trust Company of America | trustamerica.com | Joshua Pace (President and CEO) | 175 | -16.7% | $14,000.0 | 2.9% | None |
| RBC Advisor Services | rbc-as.com | Brett Thorne (Head, RBC Correspondent & Advisor Services) | 100 | 4.2% | $14,000.0 | 3.3% | N/D |
| DST Market Services, LLC | dstmarketservices.com | Craig Gordon (Head of Clearing) | N/D | N/A | N/D | N/A | N/D |
| Fidelity Clearing & Custody Solutions** | fiws.fidelity.com | Bob Oros (Executive Vice President, Head of RIA Segment) | N/D | N/A | N/D | N/A | N/D |
As of June 30. N/A = not available. N/D = not disclosed. *Figure does not include advisers with less than $150,000 in custody assets. **As of June 30, Fidelity Clearing and Custody had 3,200 total clients and $1.5T in assets. Firm did not break out RIA custody clients and assets from clearing clients and assets.
Source: InvestmentNews Data
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