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.

    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
    0 Comments  
    0 Comments  

    TD Ameritrade CEO sees RIA custody competitors adjusting to his killer strategy -- even as he whips his in-house RIA into shape

    The Jersey City, N.J. custodian's under-the-radar hypergrowth rate is now also big in absolute terms, which may attract unwanted attention from absolute giants

    Thursday 11.5.15 by Brooke Southall

    TD Ameritrade CEO sees RIA custody competitors adjusting to his killer strategy -- even as he whips

    The Jersey City, N.J. custodian's under-the-radar hypergrowth rate is now also big in absolute terms, which may attract unwanted attention from absolute giants

    Thursday 11.5.15 by Brooke Southall

    TD Ameritrade CEO sees RIA custody competitors adjusting to his killer strategy -- even as he whips

    The Jersey City, N.J. custodian's under-the-radar hypergrowth rate is now also big in absolute terms, which may attract unwanted attention from absolute giants

    Thursday 11.5.15 by Brooke Southall
    1 Comment  
    1 Comment  

    Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1

    The San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank

    Wednesday 9.30.15 by Brooke Southall

    Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1

    The San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank

    Wednesday 9.30.15 by Brooke Southall

    Schwab alerts its RIAs that it will liquidate client money market holdings by Dec. 1

    The San Francisco-based broker is shipping all cash in sub-$500K accounts to its bank

    Wednesday 9.30.15 by Brooke Southall
    1 Comment  
    1 Comment  

    After winning a $1-billion RIA, Raymond James fills a void by hiring a true-blue elite RIA executive

    The St. Petersburg, Fla.-based maestro of advice channels is hiring an RIA custody virtuoso with Schwab and Fidelity training

    Friday 9.4.15 by Lisa Shidler

    After winning a $1-billion RIA, Raymond James fills a void by hiring a true-blue elite RIA executive

    The St. Petersburg, Fla.-based maestro of advice channels is hiring an RIA custody virtuoso with Schwab and Fidelity training

    Friday 9.4.15 by Lisa Shidler

    After winning a $1-billion RIA, Raymond James fills a void by hiring a true-blue elite RIA executive

    The St. Petersburg, Fla.-based maestro of advice channels is hiring an RIA custody virtuoso with Schwab and Fidelity training

    Friday 9.4.15 by Lisa Shidler
    0 Comments  
    0 Comments  

    Now come the robo-alts firms -- a full flock of 'em as unwavering as the robo-advisors

    ALTS, DarcMatter, Crystal Capital Partners, Aequitas Capital, CAIS, iCapital, HedgeCoVest are out to create a market -- not quite as dirt cheaply as classic robo-advisors

    Monday 7.13.15 by Lisa Shidler

    Now come the robo-alts firms -- a full flock of 'em as unwavering as the robo-advisors

    ALTS, DarcMatter, Crystal Capital Partners, Aequitas Capital, CAIS, iCapital, HedgeCoVest are out to create a market -- not quite as dirt cheaply as classic robo-advisors

    Monday 7.13.15 by Lisa Shidler

    Now come the robo-alts firms -- a full flock of 'em as unwavering as the robo-advisors

    ALTS, DarcMatter, Crystal Capital Partners, Aequitas Capital, CAIS, iCapital, HedgeCoVest are out to create a market -- not quite as dirt cheaply as classic robo-advisors

    Monday 7.13.15 by Lisa Shidler
    0 Comments  
    0 Comments  

    Schwab's robo for RIAs is set to launch in next 10 days, to delight of online forerunners

    The San Francisco custodian's Institutional Intelligent Portfolios is expected to legitimize the robo concept but significant unknowns remain

    Friday 6.19.15 by Lisa Shidler

    Schwab's robo for RIAs is set to launch in next 10 days, to delight of online forerunners

    The San Francisco custodian's Institutional Intelligent Portfolios is expected to legitimize the robo concept but significant unknowns remain

    Friday 6.19.15 by Lisa Shidler

    Schwab's robo for RIAs is set to launch in next 10 days, to delight of online forerunners

    The San Francisco custodian's Institutional Intelligent Portfolios is expected to legitimize the robo concept but significant unknowns remain

    Friday 6.19.15 by Lisa Shidler
    3 Comments  
    3 Comments  

    At INSITE in Orlando, Pershing outs its robo-religious conversion complete with open API store, Silicon Valley and India skunkworks, Marstone robo deal and unabashed digi-speak

    Mark Tibergien says Pershing has gotten BNY to chum the RIA waters with loans and anticipates a 'flood' of billion-dollar wirehouse breakaways

    Monday 6.8.15 by Guest Columnist Timothy D. Welsh

    At INSITE in Orlando, Pershing outs its robo-religious conversion complete with open API store, Sili

    Mark Tibergien says Pershing has gotten BNY to chum the RIA waters with loans and anticipates a 'flood' of billion-dollar wirehouse breakaways

    Monday 6.8.15 by Guest Columnist Timothy D. Welsh

    At INSITE in Orlando, Pershing outs its robo-religious conversion complete with open API store, Sili

    Mark Tibergien says Pershing has gotten BNY to chum the RIA waters with loans and anticipates a 'flood' of billion-dollar wirehouse breakaways

    Monday 6.8.15 by Guest Columnist Timothy D. Welsh
    2 Comments  
    2 Comments  

    With robo-advisors on the rise, robo custodian Apex is rising with them, a diamond mined from the rubble of the Penson Worldwide debacle

    Cheaper, more paperless and early to market, the Dallas-based clearing house/broker-dealer is out to protect its lead as big RIA custodians play robo catch-up

    Thursday 4.30.15 by Lisa Shidler

    With robo-advisors on the rise, robo custodian Apex is rising with them, a diamond mined from the ru

    Cheaper, more paperless and early to market, the Dallas-based clearing house/broker-dealer is out to protect its lead as big RIA custodians play robo catch-up

    Thursday 4.30.15 by Lisa Shidler

    With robo-advisors on the rise, robo custodian Apex is rising with them, a diamond mined from the ru

    Cheaper, more paperless and early to market, the Dallas-based clearing house/broker-dealer is out to protect its lead as big RIA custodians play robo catch-up

    Thursday 4.30.15 by Lisa Shidler
    1 Comment  
    1 Comment  

    Peter Mangan taunts rival RIA custodians as Shareholder Services Group adds weapons, advisors

    San Diego event celebrates emerging advisors and their emerging custodian

    Monday 4.27.15 by Guest Columnist Tim Welsh

    Peter Mangan taunts rival RIA custodians as Shareholder Services Group adds weapons, advisors

    San Diego event celebrates emerging advisors and their emerging custodian

    Monday 4.27.15 by Guest Columnist Tim Welsh

    Peter Mangan taunts rival RIA custodians as Shareholder Services Group adds weapons, advisors

    San Diego event celebrates emerging advisors and their emerging custodian

    Monday 4.27.15 by Guest Columnist Tim Welsh
    2 Comments  
    2 Comments