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.

#	Custodian	Reported RAUM at custodian	Advisory firms
751	Eqis Capital Management, Inc.	$18.9M	1
752	Berenberg	$18.7M	1
753	Delaware Trust	$18.4M	1
754	Ramsey Crookall & Co Ltd	$18.2M	1
755	Western Climate Initiative, Inc.	$17.8M	1
756	Nationwide Fund Distributors Llc	$17.6M	1
757	American Tcs	$17.4M	1
758	Bmo Harris	$17.3M	1
759	Vantage Retirement Plans, Llc	$17.1M	1
760	Portfolio Resources Group, Inc.	$17.0M	1
761	Abn Amro Clearing Bank N.V.	$16.9M	2
762	Apex Direct	$16.9M	2
763	Baumann & Cie Banquiers	$16.4M	1
764	U.S. Trust Company	$16.2M	1
765	The Canada Life Assurance Company	$16.1M	1
766	American Funds & Trusts Incorporated	$16.1M	1
767	Banco Mercantil	$15.6M	1
768	Bank New York Mellon	$15.4M	1
769	Uob Kay Hian (Hong Kong) Limited	$15.3M	1
770	Utex Industries Holdings, Llc	$15.2M	1
771	Beech Hill Securities, Inc.	$14.5M	1
772	Efg Bank European Financial Group	$14.3M	1
773	Mutual Of Omaha Investor Services, Inc.	$14.1M	1
774	Pss Industrial Group	$13.7M	1
775	Security Benefit Life Insurance Company	$13.7M	2
776	Profunds Distributors, Inc.	$13.7M	1
777	Ira Club	$13.5M	1
778	Aviso Wealth Inc.	$13.5M	1
779	Embark Investment Services Limited (Eisl)	$13.1M	1
780	European Depositary Bank Sa	$12.9M	1
781	U.S. Trust, Bank Of America Private Wealth Management	$12.7M	1
782	Empower Great West Life Insurance Company	$12.7M	1
783	Bluerock Real Estate Holdings, Llc	$12.5M	1
784	Arab Bank (Switzerland)ltd	$12.5M	1
785	Msd Capital	$12.0M	1
786	Dentons Pension Management Ltd	$11.9M	1
787	Cmb	$11.9M	1
788	Godfrey & Kahn, S.C.	$11.7M	1
789	Bank Of Singapore Limited	$11.4M	1
790	Banchile Inversiones	$11.2M	1
791	Millennium Trust Company, Llc	$11.0M	1
792	Jason Group Inc.	$10.5M	1
793	Amalgamated Investment Management	$10.3M	1
794	Minneapolis Grain Exchange, Llc	$10.1M	1
795	Carta Capital Markets, Llc	$10.0M	1
796	Chs Hedging	$9.9M	1
797	Flourish Financial Llc	$9.7M	1
798	Orion	$9.6M	1
799	Canacord Genuity Wealth	$9.4M	1
800	John Hancock Life Insurance Company (U.S.A.) And John Hancock Li	$9.1M	1

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.