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Who Are the Industry's Top Custodians?

Top Custodians Top Custodians

As an increasing number of fee-based advisors leave wirehouses to go independent, some custodians are experiencing some of the strongest growth in the financial industry.

Here are the top custodians of 2012, based on RIA Assets in Custody.

11. Ceros Financial Services 11. Ceros Financial Services

Location: Rockville, Md.


Top Executive: Catherine Ayers-Rigsby, CEO


Top Executive , RIA Sales: Brian Humphrey, managing director, sales


RIA Assets in Custody ($B): $4.5


RIA Clients: N/A


Average AUM ($M): N/A


Advisor Trust Assets: N/A

10. Raymond James Investment Advisors Division 10. Raymond James Investment Advisors Division

Location: St. Petersburg, Fla.


Top Executive: Bill Van Law, president


Top Executive , RIA Sales: Mike DiGirolamo, SVP/ managing director


RIA Assets in Custody ($B): $7.2


RIA Clients: Relationship with 91 firms (approx. 275 advisors)


Average AUM ($M): $79


Advisor Trust Assets: N/A

9. National Advisors Trust 9. National Advisors Trust

Location: Overland Park, Kan.


Top Executive: Kevin Hobbs, SVP of operations


Top Executive , RIA Sales: Cindy Ralls, VP of marketing and advisor relations


RIA Assets in Custody ($B): $7.66


RIA Clients: 140


Average AUM ($M): $55


Advisor Trust Assets: $566M

8. RBC Correspondent and Advisor Services 8. RBC Correspondent and Advisor Services

Location: Minneapolis


Top Executive: Catie Tobin, head of correspondent and advisor services


Top Executive , RIA Sales: Craig Gordon, director of advisor services


RIA Assets in Custody ($B): $10.4


RIA Clients: 90


Average AUM ($M): N/A


Advisor Trust Assets: N/A

7. Trust Company of America 7. Trust Company of America

Location: Centennial, Colo.


Top Executive: David Barry, CEO


Top Executive , RIA Sales: Josh Pace, SVP, business development


RIA Assets in Custody ($B): $10.5


RIA Clients: 133


Average AUM ($M): N/A


Advisor Trust Assets: N/A

6. SEIPrivate Trust Company 6. SEIPrivate Trust Company

Location: Oaks, Pa.


Top Executive: Wayne Withrow, EVP


Top Executive , RIA Sales: Stephen Onofrio, managing director


RIA Assets in Custody ($B): $32.45


RIA Clients: 5,250


Average AUM ($M): $8


Advisor Trust Assets: $6.2B

5. LPL Financial 5. LPL Financial

Location: Boston; Charlotte, N.C.; San Diego


Top Executive: Derek Bruton, managing director


Top Executive , RIA Sales: Matthew Enyedi, SVP


RIA Assets in Custody ($B): $35.4


RIA Clients: 180


Average AUM ($M): $196


Advisor Trust Assets: N/A

4. Pershing Advisor Solutions 4. Pershing Advisor Solutions

Location: Jersey City, N.J.


Top Executive: Mark Tibergien, CEO


Top Executive , RIA Sales: Tom Valverde, director of business development and relationship management


RIA Assets in Custody ($B): $106.4


RIA Clients: 533


Average AUM ($M): N/A


Advisor Trust Assets: N/A

3. TD Ameritrade Institutional 3. TD Ameritrade Institutional

Location: Omaha, Neb.


Top Executive: Tom Nally, president


Top Executive , RIA Sales: Peter Dorsey, managing director of sales


RIA Assets in Custody ($B): $165


RIA Clients: 4,500


Average AUM ($M): N/A


Advisor Trust Assets: N/A

2. Fidelity Institutional Wealth Services 2. Fidelity Institutional Wealth Services

Location: Boston


Top Executive: Michael Durbin, president


Top Executive , RIA Sales: Bob Oros, EVP


RIA Assets in Custody ($B): $586.3


RIA Clients: 3,300


Average AUM ($M): N/A


Advisor Trust Assets: N/A

1. Schwab Advisor Services 1. Schwab Advisor Services

Location: San Francisco


Top Executive: Bernie Clark, EVP


Top Executive , RIA Sales: Jon Beatty, SVP sales and relationship mgmt.


RIA Assets in Custody ($B): $762


RIA Clients: Nearly 7,000


Average AUM ($M): N/A


Advisor Trust Assets: N/A

As an increasing number of fee-based advisors leave wirehouses to go independent, some custodians are experiencing some of the strongest growth in the financial industry. Here are the top 15 custodians as ranked by RIA assets.

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