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Asset Custody Project rolls forward

The scope of the RIABiz plan for 2009 recaps and 2010 outlooks of RIA custodians took on a life of its own

Author Brooke Southall February 1, 2010 at 6:09 AM
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Brooke Southall: The Custody Project has grown to do justice to the scope and quality of the material it covers

RIA Custodians

Kevin Wilson

Kevin Wilson

February 8, 2010 — 3:30 PM

I love seeing someone run with a project like this. My company is/has been a SEC registered Investment Advisory firm for over 20 years. None of us were ever brokers. We’ve had clients with accounts at dozens of custodians over the years. Currently that number stands at 4, with Schwab having the bulk of it. I/we worked hard back in the 1900’s before the age of the interface. When the data started to become downloadable from brokerage/custodians (or rather when their database guys came out the closet and admitted it could be done, and were ready to deal with the overhead of supporting outside data downloaders) in the 1990’s my/our lives chaged. We use Portfoliocenter, formerly Centerpiece (which we started using in 1987). There are not many people out there with my experience in this arena. From the hardward, the databases, working with brokerage backoffices, just putting it all together, to get to where for the last 10+ years I can reconcile every account to the penny every day for a few hundred clients with eight hundred brokerage accounts, with total under mgmt of 500 million. So i would love to help with your project, from a guru standpoint, just setting up your grid. My desire to help is that the 13 items you listed, although sufficient for the job, either imply a forced answer or lack specificness. So let me know if I can play Guru with you. Kevin.



November 25, 2013 — 5:29 PM

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LPL Financial
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Top Executive: Dan Arnold

TD Ameritrade
Asset Custodian
Top Executive: Tom Nally

Raymond James Financial Inc.
Asset Custodian
Top Executive: Bill Van Law

State Street Wealth Manager Services
Asset Custodian
Top Executive: Marty Sullivan

E*TRADE Advisor Services
Asset Custodian
Top Executive: Joshua Pace

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Top Executive: Robb Baldwin

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