Multi-Custodian

Three Custodians. One Workflow.

Normalize and route data across Schwab, Fidelity, Pershing, and more — without building custom mappings for each custodian's data format. One workflow handles all of them.

See Milemarker Relay in Action Milemarker Relay Overview

No-code builder · Schwab, Fidelity, Pershing · SOC 2 Type II · No custom integrations

The Problem

Every custodian speaks a different language

Schwab calls it one thing. Fidelity names the field differently. Pershing delivers on a different schedule and uses a different date format. Each custodian has its own data structure, its own field naming conventions, and its own quirks — and your team manually reconciles the differences every day.

Firms with multiple custodial relationships spend disproportionate ops time on data normalization rather than client work. Milemarker Relay handles the translation layer automatically — ingesting each custodian's native format and routing normalized, structured data to every downstream system in your stack.

What You Can Automate

Every custodian workflow, unified and automated

These are the multi-custodian automations ops teams implement with Milemarker Relay to eliminate the daily reconciliation burden.

Data normalization

Incoming custodian data — regardless of source format, field names, or delivery schedule — normalized to a consistent structure before it touches any downstream system.

Unified account view

Accounts across all custodians routed to your portfolio management system with consistent structure — one view of the full book of business, no matter how many custodians hold it.

Cross-custodian reporting

Reporting platforms receive normalized data from all custodians on the same schedule — client performance reports, billing reconciliation, and regulatory submissions all draw from a single structured source.

Transfer status tracking

ACAT and transfer events tracked across custodians automatically — status updates routed to advisors, clients notified at each milestone, exceptions escalated for review.

Position reconciliation

Holdings data from each custodian reconciled against your system of record automatically — discrepancies flagged before they become reporting problems or client inquiries.

Automated exception handling

When data fails validation, fields are missing, or values fall outside expected ranges, Milemarker Relay flags the exception, notifies the right team, and holds the record until it's resolved.

$200B+
AUA on Platform
400+
Integrations
97%
Client Retention
Common Questions

Multi-custodian automation questions answered

How does Milemarker Relay handle different data formats from each custodian?
Milemarker Relay normalizes incoming custodian data — mapping field names, standardizing formats, and reconciling delivery schedules — so your downstream systems receive consistent, structured data regardless of which custodian originated it. No custom mapping required for each custodian.
Which custodians does Milemarker Relay integrate with?
Milemarker Relay connects to Schwab, Fidelity, Pershing, TD Ameritrade, LPL, and more. The same workflow logic handles data from all of them, so you don't maintain separate automations for each custodian relationship.
Can Milemarker Relay route data from multiple custodians into a single reporting view?
Yes. Milemarker Relay normalizes and routes custodian data to your portfolio management system, reporting platform, and client portals — creating a unified view across all custodial relationships without manual consolidation.
How does Milemarker Relay handle custodian exceptions and data errors?
When data fails validation, is missing required fields, or doesn't match expected formats, workflows flag the exception, notify the responsible team, and log the event for review before downstream systems are updated.
Related Resources
Product OverviewMilemarker Automation: No-Code Workflows for Wealth Management RelatedMilemarker Relay: Schwab & Fidelity Data Sync Use CaseFee & Billing Automation for RIAs ComparisonMilemarker Relay vs Zapier for Wealth Management

All your custodians. One workflow.

Normalize, route, and reconcile custodian data automatically — no custom integrations, no manual translation, no daily reconciliation burden.