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
401	Caceis Ireland Limited	$425M	1
402	Fhlb Des Moines	$422M	1
403	Huntington Bancshares, Inc	$420M	2
404	Equity Trust Company	$413M	9
405	Aviso Financial Inc.	$409M	1
406	Privatbank Ihag Zurich Ag	$406M	1
407	Mid Atlantic Clearing & Settlement Corporation	$398M	4
408	Cibc Private Wealth Management	$396M	1
409	Rl360 Insurance Company Limited	$395M	3
410	Vontobel Securities Ag	$395M	2
411	Brown Shipley & Co	$392M	1
412	East West Bank	$388M	2
413	Midwest Trust Company	$386M	1
414	Citco Bank And Trust Company Limited	$379M	1
415	Reyl & Cie. S.A.	$374M	1
416	Broadridge Trust Company	$373M	2
417	Danskebank A/S	$373M	1
418	Fhl Bank	$370M	1
419	Banque Syz Sa	$363M	2
420	Intercontinental Exchange	$358M	1
421	Credit Suisse Ag	$356M	2
422	Dekabank Deutsche Girozentrale	$354M	1
423	Lombard Odier	$354M	1
424	Gemini Trust Company	$353M	2
425	Transamerica Financial Advisors, Inc	$351M	1
426	Novia Global Ltd	$349M	7
427	Banque Julius Baer Et Cie Sa	$346M	2
428	Dbs Bank Ltd	$345M	2
429	Martha's Vineyard Savings Bank	$343M	1
430	Anchorage Digital Bank National Association	$343M	5
431	Tiaa	$339M	4
432	Corebridge Financial	$339M	1
433	John Hancock Life Insurance Company	$326M	3
434	Great West Financial & Empower Retirement	$324M	1
435	Franklin Mutual Advisers, Llc	$324M	1
436	First National Advisers, Llc	$323M	1
437	Banque Transatlantique Paris	$322M	1
438	Wedbush Securities Inc.	$320M	2
439	Apex Fund Services Pty Limited	$316M	1
440	Grupo Bursatil Mexicano Sa De Cv	$315M	2
441	U.S. Bancorp Advisors, Llc	$311M	4
442	Inspira Financial	$309M	13
443	Td Bank, N.A.	$297M	1
444	Salem Trust A Div Of Argent Inst. Trust	$296M	1
445	Caceis Investor Services Bank S.A.	$294M	2
446	Ameritas Investment Company, Llc	$293M	3
447	Pnc Capital Markets Llc	$292M	1
448	E*TRADE (Morgan Stanley)	$291M	5
449	Bw Bank	$289M	1
450	Shareholders Service Group, Inc.	$288M	3

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.