Which unaffiliated custodians does Successful Portfolios primarily use for client accounts?

✓ Accepted answer

Successful Portfolios primarily uses Charles Schwab and Interactive Brokers as its unaffiliated custodians for client accounts.

• Independence Structure: Unlike hybrid broker-advisors, this firm maintains an independent Registered Investment Advisor status, allowing it to hold assets at outside custodians rather than affiliated entities. This separation helps avoid conflicts of interest related to product sales or internal pricing.
• Cost Efficiency: By utilizing major independent custodians, the firm leverages competitive trading and account maintenance rates. This structure is specifically designed to reduce overhead costs for private clients, which can otherwise be embedded in fees at affiliated custody platforms.
• Tax Optimization: The choice of custodian facilitates more direct control over trade execution and settlement, supporting the firm’s goal of achieving more tax-efficient outcomes. Clients benefit from streamlined processes for managing their assets across different market conditions.
• Asset Scale: This independent model has supported the growth of the firm’s assets under management to over $300 million as of 2026. Serving more than 150 private clients, this capacity demonstrates that the custodial relationship scales effectively without compromising individualized service.

admin · 2026-10-09 15:25:11