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
101 Nationwide Trust Company $11.3B 4
102 Empower Retirement $11.2B 8
103 Alter Domus $11.0B 2
104 Midwest Institutional Trust Company $11.0B 8
105 Sei Investments (Europe) Ltd $10.7B 2
106 The Variable Annuity Life Insurance Company $10.7B 1
107 Truist Investment Services, Inc. $10.7B 3
108 Matrix Trust Company $10.1B 39
109 Principal Investors Corporation $10.0B 1
110 Principal Global Investors $9.9B 1
111 Bokf, Na $9.6B 1
112 Citizens Bank, National Association $9.5B 1
113 Bank Degroof Petercam Luxembourg Sa $9.2B 1
114 Curvature Securities Llc $9.1B 1
115 Caceis Bank, Uk Branch $8.8B 1
116 Nortrust Nominee Limited $8.5B 1
117 Deutsche Bank Trust Company Americas $8.0B 9
118 Deutsche Bank India $7.9B 4
119 Bank Consortium Trust Company Limited $7.8B 1
120 Wilmington Trust Company $7.8B 17
121 Vantage Trust Company $7.8B 2
122 Rothschild & Co Bank International Limited $7.5B 1
123 Caceis $7.5B 4
124 Bridges Trust Company $7.1B 1
125 Bankers' Bank $6.9B 2
126 Woori Bank $6.8B 3
127 Great West Trust Company, Llc $6.8B 9
128 Fidelity Investments Institutional Services Company, Inc. $6.8B 4
129 Tiaa Cref Individual & Institutional Services, Llc $6.7B 33
130 Mid Atlantic Trust Company $6.6B 16
131 Multrees Investor Services Ltd $6.4B 2
132 Cf Secured, Llc $6.4B 2
133 Hsbc Holdings Plc $6.4B 1
134 TradePMR $6.2B 24
135 T Bank, Na $6.2B 4
136 Bnp Paribas Trust Services Singapore Limited $6.1B 1
137 Valic Trust Company Inc. $6.0B 1
138 Fiduciary Trust Company International $5.9B 7
139 Stifel, Nicolaus & Company, Incorporated $5.6B 11
140 Stonex Financial Inc. $5.6B 23
141 Fiduciary Trust Company $5.6B 11
142 Tiaa Cref Trust Company, Fsb $5.5B 1
143 Hsbc Bank Usa, N.A. $5.5B 8
144 First National Bank Of Omaha $5.5B 3
145 Ascensus Trust Company $5.3B 23
146 Chevy Chase Trust Company $5.3B 3
147 National Bank Trust $5.3B 2
148 Hsbc Hong Kong $5.1B 3
149 Caceis Bank $5.1B 8
150 Sei Investments Guernsey Limited $5.1B 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.