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FinancialADVSR

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RIA custodians · Form ADV filings, October 2025 to September 2026

Citi

The wealth-focused RIAs that custody with Citi: how many, how big, where they are and the largest of them. Every $1 billion+ RIA using Citi in the RIA database. News and coverage: Citi hub.

RIAs using it
27
0% · 23rd of 23
Assets held
$10B
22nd of 23
Median firm
$483M
9 firms $1B+
Only custodian
4%
1 firms

RIAs by size

  • Under $250M1037%
  • $250M–$1B830%
  • $1B–$5B726%
  • $5B+27%

Regulatory assets under management of each RIA naming Citi.

Largest independent RIAs using Citi

Largest independent wealth management RIAs naming Citi as a custodian
#FirmHeadquartersRegulatory AUMHeld at CitiIndividual clientsEmployees
11919 Investment Counsel, LLCSEC recordBaltimore, MD$26B$2.6B4,866131
2Stelac Advisory Services LLCSEC recordNew York, NY$6.3B$1.9B9821
3Meyer Handelman Company LLCSEC recordRYE Brook, NY$3.2B$2.5B47518
4Ethos Financial Group, LLCSEC recordKing of Prussia, PA$2.1B$229M1,70944
5Alti Wealth Management (US International), Inc.SEC recordCoral Gables, FL$691M$76M3610
6Global Kandor Advisors, LLCSEC recordMiami, FL$483M$53M7413
7Osterweis Capital ManagementSEC recordSAN Francisco, CA$439M$201M3366
8Angelus Investment Consulting, Inc.SEC recordCoral Gables, FL$226M$48M262
9Guild Investment Management, Inc.SEC recordWestlake Village, CA$185M$93M884
10Walnut Private Equity Partners, LLCSEC recordOmaha, NE$173M$11M23
11Veltria Advisors Corp.SEC recordMiami, FL$113M$22M176

Ranked by regulatory assets under management. “Held at” is the separately managed account assets each firm reports at Citi; many firms split assets across custodians.

Where they are

  1. Florida8
  2. California4
  3. New York3
  4. Connecticut2
  5. Maryland1
  6. Nebraska1
  7. New Jersey1
  8. Texas1
  9. Pennsylvania1

Also custody with

  1. J.P. Morgan12
  2. Charles Schwab10
  3. Morgan Stanley5
  4. BNY4
  5. Merrill / Bank of America4
  6. Northern Trust3

Questions

How many RIAs use Citi?

27 wealth-focused SEC-registered RIAs name Citi as a custodian on Form ADV, about 0% of those that report one, ranking it 23rd 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 Citi hold?

The RIAs that use Citi report $10B held there in separately managed accounts, 22nd among custodians. The median firm keeps $101M at Citi and manages $483M in all.

What is the largest RIA that uses Citi?

Among independent wealth managers, 1919 Investment Counsel, LLC of Baltimore, MD is the largest firm naming Citi, with $26B in regulatory assets under management, $2.6B of it reported at Citi.

Do RIAs that use Citi also use other custodians?

4% of them name Citi as their only custodian. The most common second custodian is J.P. Morgan, named by 12 of Citi’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.

Other custodians