Bay Capital Advisors is a Registered Investment Advisor but does not maintain physical custody of client assets. The independent third-party role of the custodian is an important safeguard for our clients.

Picking the right custodian was time consuming but not difficult. We looked at Charles Schwab, Raymond James, Bank of America, SunTrust, and TD Ameritrade. We met with many of the individuals involved, spent many hours using their online capabilities, and, in the end, we concluded TD Ameritrade was the right custodian for our clients.

It was one of the original online discount brokers and has consistently been recognized as one of the best in the business. In 2011, Barron's Review of Online Brokers gave them a four-star rating. Also in 2011, Kiplinger’s rated TD Ameritrade the best online broker.

In 2008, Forbes listed TD Ameritrade as one of the 2000 best companies globally, and as one of "America's Best Big Companies" in its Platinum 400 special report. The AIM Institute rated it the “Technology Company of the Year.

TD Ameritrade is a large company based in Nebraska with revenues of over $2.5 billion.  It has an $12.5 billion market capitalization.

In 2006 Ameritrade completed a merger with competitor TD Waterhouse and became TD Ameritrade, with almost 150 offices nationwide. It now has custody of over $412 billion in client assets and averages 439,000 trades per day in over 6,250,000 accounts. We think this increased scale makes it easier for them to maintain the technology lead they now enjoy.

Our obligation is to our clients, not any corporate custodian. We will continue to review their performance. If we ever become concerned, each client will be notified promptly. If appropriate, we will ask clients to move their assets to another custodian.


About Bay Capital Advisors
Our CERTIFIED FINANCIAL PLANNER™ professional, Registered Investment Advisor, financial advisor, investment manager, and money manager experts specialize in asset management, portfolio management, investment management, money management, financial planning, wealth management, investment strategy, and long-term investment for clients in Virginia Beach, Norfolk, Chesapeake, Suffolk, Portsmouth, Newport News, Hampton, Williamsburg, Hampton Roads, Eastern Shore, Fairfax, McLean, Virginia, Northern Virginia, Naples, Florida, Dallas, and Fort Worth, Texas.