RIA custodians · Form ADV filings, October 2025 to September 2026
BNY
The wealth-focused RIAs that custody with BNY: how many, how big, where they are and the largest of them. Every $1 billion+ RIA using BNY in the RIA database.
- RIAs using it
- 55 1% · 17th of 23
- Assets held
- $214B 5th of 23
- Median firm
- $1.3B 28 firms $1B+
- Only custodian
- 22% 12 firms
RIAs by size
Regulatory assets under management of each RIA naming BNY.
Largest independent RIAs using BNY
| # | Firm | Headquarters | Regulatory AUM | Held at BNY | Individual clients | Employees |
|---|---|---|---|---|---|---|
| 1 | Tiedemann Advisors, LLCSEC record | New York, NY | $31B | $2.6B | 407 | 182 |
| 2 | Bailard, Inc.SEC record | Foster City, CA | $7.6B | $982M | 1,068 | 83 |
| 3 | Greycourt & Co., Inc.SEC record | Pittsburgh, PA | $6.6B | $1.1B | 36 | 37 |
| 4 | BT Family Office, LLCSEC record | Atlanta, GA | $4.0B | $867M | 10 | 7 |
| 5 | Azimuth Capital ManagementSEC record | Bloomfield Hills, MI | $4.0B | $447M | 381 | 25 |
| 6 | CM Wealth Advisors LLCSEC record | Beachwood, OH | $3.6B | $3.3B | 204 | 24 |
| 7 | Meyer Handelman Company LLCSEC record | RYE Brook, NY | $3.2B | $686M | 475 | 18 |
| 8 | LCP Institutional, LLCSEC record | Atlanta, GA | $3.2B | $870M | 119 | 8 |
| 9 | Capital Counsel LLCSEC record | New York, NY | $2.9B | $2.1B | 214 | 13 |
| 10 | Windrose Advisors LLCSEC record | Waltham, MA | $2.7B | $398M | 70 | 23 |
| 11 | Boston Family Office LLCSEC record | Boston, MA | $2.0B | $1.5B | 332 | 17 |
| 12 | Guidestone AdvisorsSEC record | Dallas, TX | $2.0B | $370M | 2,087 | 34 |
| 13 | DT Investment Partners, LLCSEC record | Chadds Ford, PA | $1.9B | $379M | 1,296 | 8 |
| 14 | Trivium Point Advisory, LLCSEC record | Wilton, CT | $1.6B | $207M | 786 | 38 |
| 15 | Anderson Hoagland & CoSEC record | St Louis, MO | $1.4B | $202M | 136 | 8 |
| 16 | Professional Advisory Services IncSEC record | Vero Beach, FL | $1.3B | $1.2B | 596 | 13 |
| 17 | Walter Keenan Wealth ManagementSEC record | South Bend, IN | $983M | $118M | 144 | 7 |
| 18 | Morangie Management LLCSEC record | Vero Beach, FL | $706M | $25M | 96 | 7 |
| 19 | Sands Capital Horizons, LLCSEC record | Arlington, VA | $467M | $226M | 0 | 4 |
| 20 | Eastover Capital ManagementSEC record | Charlotte, NC | $392M | $52M | 242 | 4 |
| 21 | Greenwich Advisors, LLCSEC record | Greenwich, CT | $293M | $44M | 72 | 4 |
| 22 | 1492 Capital Management, LLCSEC record | Milwaukee, WI | $275M | $68M | 85 | 5 |
| 23 | Saul Wealth Advisors, LLCSEC record | Miami, FL | $201M | $48M | 103 | 4 |
| 24 | Walnut Private Equity Partners, LLCSEC record | Omaha, NE | $173M | $161M | 2 | 3 |
Ranked by regulatory assets under management. “Held at” is the separately managed account assets each firm reports at BNY; many firms split assets across custodians.
Where they are
Also custody with
Questions
How many RIAs use BNY?
55 wealth-focused SEC-registered RIAs name BNY as a custodian on Form ADV, about 1% of those that report one, ranking it 17th of the 23 custodians we track, according to Financial ADVSR’s review of filings from October 2025 to September 2026.
How much RIA money does BNY hold?
The RIAs that use BNY report $214B held there in separately managed accounts, 5th among custodians. The median firm keeps $226M at BNY and manages $1.3B in all.
What is the largest RIA that uses BNY?
Among independent wealth managers, Tiedemann Advisors, LLC of New York, NY is the largest firm naming BNY, with $31B in regulatory assets under management, $2.6B of it reported at BNY.
Do RIAs that use BNY also use other custodians?
22% of them name BNY as their only custodian. The most common second custodian is Charles Schwab, named by 22 of BNY’s RIAs.
How we built this
Every SEC-registered adviser lists, in Schedule D, Section 5.K(3) of Form ADV, each custodian that holds 10% or more of its separately managed account assets, with the amount held. We took each adviser’s latest filing from October 2025 to September 2026 and kept the 9,157 wealth-focused firms, which manage at least half of their assets for individuals and high-net-worth clients; 8,572 of them report custodians. Custodian legal entities are grouped by parent, so Schwab’s entities count as one custodian and Fidelity’s RIA custody and clearing businesses as another. A custodian’s own affiliated advisers aren’t counted toward it. The firm counts match our RIA Custody Tracker.
Largest-firm tables show independent wealth managers only, the same test as the Largest RIAs: firms that offer financial planning, aren’t broker-dealers themselves and hold less than half their assets in wrap programs they sponsor or manage. Firm size and headquarters come from the SEC’s registered-adviser list.
What it doesn’t show
- Custodians holding less than 10% of a firm’s separately managed account assets aren’t listed, so smaller relationships are missed.
- Assets held cover separately managed accounts only, not pooled funds, and are as of each firm’s fiscal year-end.
- Broker-dealer clearing firms appear alongside RIA custodians because advisers list them the same way; Fidelity and Pershing pages show the split.
- State-registered advisers, most with under $100 million, aren’t in SEC data.
The data is free to use with credit to Financial ADVSR. Questions or corrections: contact the editors.