AUMdb

Custodians

Ranked by FY2025 reported client assets held — from Form ADV Schedule D 5.K.(3), where advisers name every custodian holding 10%+ of their separately-managed-account assets and the dollar amount.

#CustodianReported RAUM at custodianAdvisory firms
51 Oppenheimer & Co. Inc. $49.1B 8
52 Rathbone Nominees Limited $47.5B 1
53 Allfunds Bank Sau London Branch $45.3B 1
54 Principal Financial $45.1B 18
55 Bmo Trust Company $40.2B 1
56 Interactive Brokers $38.7B 325
57 Sbi Sg Global Securities Services Private Limited $34.8B 1
58 Alight Solutions, Llc $34.6B 1
59 Empower Financial Services, Inc. $33.4B 33
60 Voya Retirement Advisors, Llc $32.6B 3
61 Sumitomo Mitsui Trust Bank, Limited. $32.4B 6
62 Axos Clearing $31.9B 92
63 Principal Custody Solutions $29.9B 7
64 Belfius Bank $29.1B 1
65 Apex Clearing $28.8B 50
66 Truist Bank $28.3B 9
67 Reliance Trust Company $27.6B 12
68 City National Bank $27.0B 4
69 D.A. Davidson & Co. $26.4B 2
70 Banque Pictet & Cie Sa $25.9B 23
71 Kestra Investment Services, Llc $25.1B 3
72 Jpm Chase Sydney $24.9B 1
73 Lincoln Financial Group Trust Company, Inc. $24.4B 3
74 Adp Retirement Trust Services, Llc $23.9B 5
75 Assetmark Brokerage, Llc $23.3B 27
76 Principal Securities, Inc. $22.9B 19
77 Bank Of Ny Mellon $22.7B 8
78 Bnp Paribas $22.2B 12
79 Mitsubishi Ufj Global Custody S.A $21.4B 1
80 Folio Investments, Inc. $19.8B 50
81 Mitsubishi Ufj Trust And Banking Corporation $19.3B 1
82 Sei Investments Distribution Co. $18.1B 94
83 D.A. Davidson Trust Services, Inc. $18.1B 2
84 Comerica Bank Trust National Association $18.0B 15
85 Bnp Paribas Securities Services Australia $17.9B 7
86 Voya Institutional Trust Company $17.9B 5
87 Amalgamated Trust And Savings Bank $17.8B 1
88 Amalgamated Bank $17.4B 9
89 Fifth Third Bank $17.2B 27
90 Computershare Trust Company, N.A. $16.8B 10
91 Sg Americas Securities, Llc $16.3B 4
92 Altruist Financial $14.2B 149
93 Bofa Securities, Inc. $13.1B 37
94 Standard Chartered Bank (Hong Kong) Limited $13.1B 2
95 Evercore Trust Company, N.A. $12.7B 1
96 National Bank Independent Network $12.6B 18
97 Commerce Bank, N.A. $12.4B 5
98 Loring, Wolcott & Coolidge Trust, Llc $12.4B 1
99 Fidelity Clearing And Custody Solutions $12.3B 5
100 National Bank Of Canada $12.3B 2

Uses each firm's latest annual updating amendment for FY2025. Custodian families include separately reported subsidiaries or acquired platforms. Covers advisers with separately managed accounts naming a custodian at the 10%+ threshold. Brochure-mined custodians without amounts appear on individual firm pages.