Brooke Southall

Not so sure it's about crossing a ‘line’ because if so then all businesses get as close as humanly possible to that 'line' or be competitively disadvantaged. More of a 'grey area' that needs better defining by RIAs explaining/ demonstrating how they work. Let that be the differentiator.

Keith Girard

Bernie Clark's parting remarks -- webcast and media -- center on Schwab's outsized symbiosis with national W-2 RIAs; he declines to 'name names' of ones he doesn't love but names some he does

Schwab Advisor Services

Creative Planning

Bernie Clark

Peter Mallouk

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.

&mdash; Brooke Southall

Here are links to the profiles of custodians:

 <li><a href="http://www.riabiz.com/a/11942001/">Equity Advisor Solutions</a></li>
 <li><a href="http://www.riabiz.com/a/4977738934910976/with-robo-advisors-on-the-rise-robo-custodian-apex-is-rising-them-a-diamond-mined-from-the-rubble-of-the-penson-worldwide-debacle">Apex Clearing</a></li>
 <li><a href="http://www.riabiz.com/a/11320001">Raymond James</a></li>
 <li><a href="http://www.riabiz.com/a/10207085">State Street</a></li>
 <li><a href="http://www.riabiz.com/a/1812010">Ceros Financial</a></li>
 <li><a href="http://www.riabiz.com/a/9033656">Fidelity</a></li>
 <li><a href="http://www.riabiz.com/a/7435709">Pershing</a></li>
 <li><a href="http://www.riabiz.com/a/1212007">Royal Bank of Canada</a></li>
 <li><a href="http://www.riabiz.com/a/133138">Scottrade</a></li>
 <li><a href="http://www.riabiz.com/a/8101589">Schwab</a></li>
 <li><a href="http://www.riabiz.com/a/8788433">TD Ameritrade</a></li>
 <li><a href="http://www.riabiz.com/a/124061">Trade-PMR</a></li>
 <li><a href="http://www.riabiz.com/a/1161005">Trust Company of America</a></li>
 <li><a href="http://www.riabiz.com/a/1490002">BNY Mellon</a></li>
 <li><a href="http://www.riabiz.com/a/5385142">Folio Institutional</a></li>
 <li><a href="http://www.riabiz.com/a/108011">Shareholders Service Group</a></li>
 <li><a href="http://www.riabiz.com/a/5933001">National Advisors Trust</a></li>
 <li><a href="http://www.riabiz.com/a/22600260/how-us-bank-appeared-on-the-scene-as-an-ria-custodian-and-where-it-might-find-love">US Bank</a></li>
</ul>

If you want a more chronological look at news about the custodians, just scroll down.

RIA Custodians

The exit-bound Schwab RIA chief, never one to offend, says his company's net new assets depend on the aggregators 2-to-1 over RIA startups, but some are choosing a counterproductive path

Bernie Clark's parting remarks -- webcast and media -- center on Schwab's outsized symbiosis with national W-2 RIAs; he declines to 'name names' of ones he doesn't love but names some he does

Quincy Hall

Related Moves

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January 2, 2025 at 10:49 PM

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Bernie Clark's parting remarks -- webcast and media -- center on Schwab's outsized symbiosis with national W-2 RIAs; he declines to 'name names' of ones he doesn't love but names some he does

Quincy Hall

Related Moves

October 4, 2023 at 2:16 AM

October 16, 2020 at 7:49 PM

January 2, 2025 at 10:49 PM

June 7, 2024 at 11:17 PM

RIABiz Directory

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