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
201 National Advisors Trust Company $2.7B 6
202 Hsbc Securities Services $2.6B 4
203 Citigroup Private Bank $2.6B 1
204 First Clearing, Llc $2.6B 5
205 John Hancock Funds, Llc $2.6B 10
206 Pnc $2.6B 1
207 Lincoln Financial Advisors Corporation $2.6B 6
208 Hdfc Bank Limited $2.5B 3
209 Sei Investments Company $2.5B 6
210 Empower $2.5B 6
211 Regions Bank $2.5B 8
212 Principal Bank $2.4B 9
213 Deutsche Bank Securities Inc. $2.4B 4
214 Argent Trust Company $2.4B 6
215 Barclays Bank Plc $2.4B 7
216 Vanguard Group [Malvern, Pa] $2.4B 1
217 Fnbb Capital Markets, Llc $2.3B 1
218 Transamerica Capital, Inc. $2.3B 4
219 Citigroup Pty Limited $2.3B 1
220 Wilmington Savings Fund Society, Fsb $2.3B 1
221 Allfunds Bank S.A $2.3B 1
222 Cibc World Markets $2.3B 2
223 Hsbc Trinkaus & Burkhardt, Ag $2.3B 3
224 Federal Home Loan Bank Of Des Moines $2.2B 3
225 Bank Of America Private Bank $2.2B 5
226 Fidelity Clearing Canada $2.2B 6
227 Pnc Bank, N.A. Pittsburg Pa $2.2B 1
228 Fidelity Iws (Institutional Wealth Services) $2.2B 1
229 Fidelity Personal Trust Company, Fsb $2.1B 1
230 Pictet & Cie (Europe) S.A. $2.1B 5
231 Icbc (Asia) Trustee Company Limited $2.1B 1
232 Hilltop Securities Inc. $2.0B 14
233 Citco Canada $2.0B 1
234 The Bank Of Tokyo Mitsubishi Ufj,Ltd. $2.0B 1
235 Northwest Bank $2.0B 1
236 Canadian Imperial Bank Of Commerce $2.0B 3
237 John Hancock Distributors Llc $1.9B 10
238 Bnp Paribas Securities Corp. $1.9B 7
239 Bankers Trust Company $1.8B 1
240 Japan Trustee Services Bank, Ltd. $1.8B 1
241 Broadridge Matrix $1.8B 2
242 Frost Bank $1.8B 5
243 First Horizon Bank $1.8B 4
244 Wintrust Private Trust Company, N.A. $1.7B 1
245 Efg Bank Ag $1.7B 6
246 Empower Advisory Group $1.7B 1
247 Citco Global Custody Nv $1.7B 1
248 Hsbc $1.7B 3
249 Mellon Trust $1.7B 1
250 Tiaa Financial Services $1.6B 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.