RIA custodians · Form ADV filings, October 2025 to September 2026
Northern Trust
The wealth-focused RIAs that custody with Northern Trust: how many, how big, where they are and the largest of them. Every $1 billion+ RIA using Northern Trust in the RIA database. News and coverage: Northern Trust hub.
- RIAs using it
- 43 1% · 18th of 23
- Assets held
- $67B 10th of 23
- Median firm
- $1.4B 26 firms $1B+
- Only custodian
- 9% 4 firms
RIAs by size
Regulatory assets under management of each RIA naming Northern Trust.
Largest independent RIAs using Northern Trust
| # | Firm | Headquarters | Regulatory AUM | Held at Northern Trust | Individual clients | Employees |
|---|---|---|---|---|---|---|
| 1 | Comprehensive Financial Management LLCSEC record | LOS Gatos, CA | $19B | $6.2B | 13 | 38 |
| 2 | BMO Family Office, LLCSEC record | Chicago, IL | $10.0B | $452M | 70 | 130 |
| 3 | F L Putnam Investment Management Co.SEC record | Lynnfield, MA | $9.7B | $1.0B | 2,823 | 160 |
| 4 | Greycourt & Co., Inc.SEC record | Pittsburgh, PA | $6.6B | $4.1B | 36 | 37 |
| 5 | J. Safra Asset Management CorporationSEC record | New York City, NY | $6.3B | $66M | 3,374 | 22 |
| 6 | Prosperity Capital AdvisorsSEC record | Westlake, OH | $4.4B | $541M | 7,469 | 244 |
| 7 | Vernal Point Advisors, LLCSEC record | SAN Francisco, CA | $3.9B | $433M | 18 | 25 |
| 8 | Paul Comstock PartnersSEC record | Houston, TX | $2.8B | $474M | 109 | 16 |
| 9 | Valley Wealth Managers, Inc.SEC record | Paramus, NJ | $2.7B | $269M | 854 | 54 |
| 10 | Van Hulzen Financial AdvisorsSEC record | EL Dorado Hills, CA | $2.1B | $355M | 1,389 | 21 |
| 11 | Fairview CapitalSEC record | Greenbrae, CA | $2.0B | $272M | 241 | 17 |
| 12 | Orange Investment Advisors, Inc.SEC record | Goshen, NY | $1.7B | $561M | 1,307 | 18 |
| 13 | Elyxium Wealth LLCSEC record | Beverly Hills, CA | $1.4B | $743M | 56 | 7 |
| 14 | Chadds Ford Wealth Partners, LLCSEC record | Chadds Ford, PA | $1.3B | $144M | 60 | 3 |
| 15 | Ashford Advisors, LLCSEC record | Pittsford, NY | $943M | $229M | 51 | 8 |
| 16 | Redmond Asset Management, LLCSEC record | Henrico, VA | $537M | $57M | 292 | 6 |
| 17 | John F Suby Wealth Management LLCSEC record | Madison, WI | $465M | $429M | 183 | 3 |
| 18 | Spectra Investment Management, LLCSEC record | Stuart, FL | $307M | $101M | 35 | 3 |
Ranked by regulatory assets under management. “Held at” is the separately managed account assets each firm reports at Northern Trust; many firms split assets across custodians.
Where they are
Also custody with
Questions
How many RIAs use Northern Trust?
43 wealth-focused SEC-registered RIAs name Northern Trust as a custodian on Form ADV, about 1% of those that report one, ranking it 18th 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 Northern Trust hold?
The RIAs that use Northern Trust report $67B held there in separately managed accounts, 10th among custodians. The median firm keeps $272M at Northern Trust and manages $1.4B in all.
What is the largest RIA that uses Northern Trust?
Among independent wealth managers, Comprehensive Financial Management LLC of LOS Gatos, CA is the largest firm naming Northern Trust, with $19B in regulatory assets under management, $6.2B of it reported at Northern Trust.
Do RIAs that use Northern Trust also use other custodians?
9% of them name Northern Trust as their only custodian. The most common second custodian is Charles Schwab, named by 25 of Northern Trust’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.