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¹ Rankings are based on best-performing brokers as measured by the difference in cost/savings against the universe of Elkins/McSherry, a State Street company. The Elkins/McSherry universe is based on the top 50 brokers in each category by U.S. dollar volume. This is a quarterly ranking based on the previous four-quarters as of December 31, 2021.

Source: Pensions & Investments, "Tradewatch for Q4 2021," Issue date: March 14, 2022. Retrievable at:

Implementation services are offered by Russell Investments Implementation Services LLC, a SEC registered investment adviser and broker-dealer member FINRA / SIPC.