RIA Custodians Section Sponsored by:

RIA CUSTODIANS

Asset custodians are the central players in the RIA business and choosing one is the biggest decision most financial advisors will make to build their business. As the place where RIAs park their assets (the same way a captive broker would park assets at Merrill Lynch or UBS), custodians serve hundreds or thousands of these registered investment advisors and make big investments in technology and service on their clients' behalf.

This section features a series of articles under the “Asset Custody Project” label that cover these companies in a way that keeps advisors abreast of their progress – both with journalistic commentary and a common set of data so that advisors can easily compare them. The articles look at the strengths, weaknesses and niche capabilities of these companies.

— Brooke Southall

Here are links to the profiles of custodians:

  • Apex Clearing
  • Raymond James
  • State Street
  • Ceros Financial
  • Fidelity
  • Pershing
  • Royal Bank of Canada
  • Scottrade
  • Schwab
  • TD Ameritrade
  • Trade-PMR
  • Trust Company of America
  • BNY Mellon
  • Folio Institutional
  • Shareholders Service Group
  • National Advisors Trust
  • Equity Advisor Solutions
  • US Bank
  • If you want a more chronological look at news about the custodians, just scroll down.

    Amid hail of DOL questions, Walt Bettinger calls RIAs' draining OneSource 'identified' risk, and explains away LPL/ RBC/BBVA picks of BlackRock FutureAdvisor over Schwab robo

    Schwab CEO admits he underappreciated 'brand' barrier in selling Schwab robo on B2B basis, and DOL 'best interest' issue hangs fire

    Friday 4.22.16 by Lisa Shidler

    Amid hail of DOL questions, Walt Bettinger calls RIAs' draining OneSource 'identified' r

    Schwab CEO admits he underappreciated 'brand' barrier in selling Schwab robo on B2B basis, and DOL 'best interest' issue hangs fire

    Friday 4.22.16 by Lisa Shidler

    Amid hail of DOL questions, Walt Bettinger calls RIAs' draining OneSource 'identified' r

    Schwab CEO admits he underappreciated 'brand' barrier in selling Schwab robo on B2B basis, and DOL 'best interest' issue hangs fire

    Friday 4.22.16 by Lisa Shidler
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    As Ed O'Brien packs his bags for Philly to take eMoney CEO reins, Mike Durbin resumes his job modifying Fidelity's future from finance to software

    Fidelity is piloting eMoney in its own private client business as Thomas McCarthy fills O'Brien's shoes and Durbin eyes more acquisitions

    Friday 3.18.16 by Lisa Shidler

    As Ed O'Brien packs his bags for Philly to take eMoney CEO reins, Mike Durbin resumes his job mo

    Fidelity is piloting eMoney in its own private client business as Thomas McCarthy fills O'Brien's shoes and Durbin eyes more acquisitions

    Friday 3.18.16 by Lisa Shidler

    As Ed O'Brien packs his bags for Philly to take eMoney CEO reins, Mike Durbin resumes his job mo

    Fidelity is piloting eMoney in its own private client business as Thomas McCarthy fills O'Brien's shoes and Durbin eyes more acquisitions

    Friday 3.18.16 by Lisa Shidler
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    Why Schwab execs are 'proud' of holding at $1-trillion custody mark first achieved in 2013 -- and what makes them pleased with its existing 25% RIA custody market share

    Candidly canvassing 2015 dings -- including a $12 billion RIA defection -- Walt Bettinger seems at peace with vigilantly guarding Schwab's mighty quarter of the RIA asset pie

    Monday 2.22.16 by Lisa Shidler

    Why Schwab execs are 'proud' of holding at $1-trillion custody mark first achieved in 2013 -

    Candidly canvassing 2015 dings -- including a $12 billion RIA defection -- Walt Bettinger seems at peace with vigilantly guarding Schwab's mighty quarter of the RIA asset pie

    Monday 2.22.16 by Lisa Shidler

    Why Schwab execs are 'proud' of holding at $1-trillion custody mark first achieved in 2013 -

    Candidly canvassing 2015 dings -- including a $12 billion RIA defection -- Walt Bettinger seems at peace with vigilantly guarding Schwab's mighty quarter of the RIA asset pie

    Monday 2.22.16 by Lisa Shidler
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    Completing matriarchal coup, Pershing raids Envestnet's top drawer to grab Lori Hardwick, whom many thought unpoachable

    Pershing's top two executives are now women with Lisa Dolly being replaced as COO by another dynamo

    Thursday 2.11.16 by Lisa Shidler

    Completing matriarchal coup, Pershing raids Envestnet's top drawer to grab Lori Hardwick, whom m

    Pershing's top two executives are now women with Lisa Dolly being replaced as COO by another dynamo

    Thursday 2.11.16 by Lisa Shidler

    Completing matriarchal coup, Pershing raids Envestnet's top drawer to grab Lori Hardwick, whom m

    Pershing's top two executives are now women with Lisa Dolly being replaced as COO by another dynamo

    Thursday 2.11.16 by Lisa Shidler
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    What about the 49ers, Palo Alto experiment and China led a $2.7 billion RIA to sell out, brand and all, to BNY Mellon

    BNY Mellon ends up buying RIA -- and paying an extraction fee to Schwab -- after building nearby Palo Alto 6,800-square-ft. branch

    Wednesday 2.10.16 by Sanders Wommack

    What about the 49ers, Palo Alto experiment and China led a $2.7 billion RIA to sell out, brand and

    BNY Mellon ends up buying RIA -- and paying an extraction fee to Schwab -- after building nearby Palo Alto 6,800-square-ft. branch

    Wednesday 2.10.16 by Sanders Wommack

    What about the 49ers, Palo Alto experiment and China led a $2.7 billion RIA to sell out, brand and

    BNY Mellon ends up buying RIA -- and paying an extraction fee to Schwab -- after building nearby Palo Alto 6,800-square-ft. branch

    Wednesday 2.10.16 by Sanders Wommack
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    With Veo Village hive buzzing in background, Tom Nally rides herd on RIA 'Wild West' threats at vibrant LINC 2016

    The laptop guys in another room won plaudits as the TD RIA custody chief counseled RIAs to embrace more practice audits and communicate more by story, less by Orwell

    With Veo Village hive buzzing in background, Tom Nally rides herd on RIA 'Wild West' threats

    The laptop guys in another room won plaudits as the TD RIA custody chief counseled RIAs to embrace more practice audits and communicate more by story, less by Orwell

    With Veo Village hive buzzing in background, Tom Nally rides herd on RIA 'Wild West' threats

    The laptop guys in another room won plaudits as the TD RIA custody chief counseled RIAs to embrace more practice audits and communicate more by story, less by Orwell

    1 Comment  
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    After years of work to gain parity with Schwab RIA custody, Fidelity is ready to show fruits of its $250 million move to gain an edge

    With ex-Schwabbie Bob Oros in RIA charge, Mike Durbin as leapfrogger-in-chief, and Sanjiv Mirchandani at the big desk, the Boston-based custody division is set to launch its new technology platform

    Wednesday 2.3.16 by Sanders Wommack

    After years of work to gain parity with Schwab RIA custody, Fidelity is ready to show fruits of its

    With ex-Schwabbie Bob Oros in RIA charge, Mike Durbin as leapfrogger-in-chief, and Sanjiv Mirchandani at the big desk, the Boston-based custody division is set to launch its new technology platform

    Wednesday 2.3.16 by Sanders Wommack

    After years of work to gain parity with Schwab RIA custody, Fidelity is ready to show fruits of its

    With ex-Schwabbie Bob Oros in RIA charge, Mike Durbin as leapfrogger-in-chief, and Sanjiv Mirchandani at the big desk, the Boston-based custody division is set to launch its new technology platform

    Wednesday 2.3.16 by Sanders Wommack
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    With eMoney in its back pocket, Fidelity Investments won't exercise its option to continue Betterment deal as it nears launch of its own robo

    The one-year semi-exclusive alliance never caught fire with Fidelity RIAs and the Boston giant will now use eMoney as kindling for a new digital-for-RIA launch

    Thursday 11.19.15 by Brooke Southall

    With eMoney in its back pocket, Fidelity Investments won't exercise its option to continue Bette

    The one-year semi-exclusive alliance never caught fire with Fidelity RIAs and the Boston giant will now use eMoney as kindling for a new digital-for-RIA launch

    Thursday 11.19.15 by Brooke Southall

    With eMoney in its back pocket, Fidelity Investments won't exercise its option to continue Bette

    The one-year semi-exclusive alliance never caught fire with Fidelity RIAs and the Boston giant will now use eMoney as kindling for a new digital-for-RIA launch

    Thursday 11.19.15 by Brooke Southall
    4 Comments  
    4 Comments  

    Betterment hires an RIA chief who reframes the vision from 'robo' to 'one-throat-to-choke' custodian -- and viable Schwab competitor

    Fresh off selling Upside to Envestnet, Tom Kimberly is Betterment Institutional's general manager and architect of a new vision

    Wednesday 11.18.15 by Brooke Southall

    Betterment hires an RIA chief who reframes the vision from 'robo' to 'one-throat-to-chok

    Fresh off selling Upside to Envestnet, Tom Kimberly is Betterment Institutional's general manager and architect of a new vision

    Wednesday 11.18.15 by Brooke Southall

    Betterment hires an RIA chief who reframes the vision from 'robo' to 'one-throat-to-chok

    Fresh off selling Upside to Envestnet, Tom Kimberly is Betterment Institutional's general manager and architect of a new vision

    Wednesday 11.18.15 by Brooke Southall
    1 Comment  
    1 Comment  

    Walt Bettinger unbites his lip and ignites a Schwab IMPACT Twitter squall and the RIA custody show goes on

    Tweets connected Schwab CEO remarks to Wealthfront's chippy chief -- red meat to the de facto hometown crowd of advisors

    Monday 11.16.15 by Guest Columnist Timothy Welsh

    Walt Bettinger unbites his lip and ignites a Schwab IMPACT Twitter squall and the RIA custody show g

    Tweets connected Schwab CEO remarks to Wealthfront's chippy chief -- red meat to the de facto hometown crowd of advisors

    Monday 11.16.15 by Guest Columnist Timothy Welsh

    Walt Bettinger unbites his lip and ignites a Schwab IMPACT Twitter squall and the RIA custody show g

    Tweets connected Schwab CEO remarks to Wealthfront's chippy chief -- red meat to the de facto hometown crowd of advisors

    Monday 11.16.15 by Guest Columnist Timothy Welsh
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