▁ 8 7 ▁percent ▁of ▁the ▁top ▁ 1 , 0 0 0 ▁p ension ▁and ▁employee ▁benefit ▁funds , ▁ 5 1 ▁percent ▁of ▁the ▁top ▁ 2 0 0 ▁life ▁and ▁health ▁ins urance ▁companies ▁and ▁ 5 0 ▁percent ▁of ▁the ▁top ▁ 5 0 ▁univers ities . ▁ ▁In vest ment ▁Services ▁The ▁bank ' s ▁In vest ment ▁Services ▁business ▁represents ▁approximately ▁ 7 2 ▁percent ▁of ▁the ▁company ' s ▁re venue ▁ ▁and ▁it ▁has ▁$ 3 1 . 1 ▁tr ill ion ▁under ▁its ▁cust ody ▁or ▁administration ▁as ▁of ▁September ▁ 2 0 1 6 . ▁The ▁financial ▁services ▁offered ▁by ▁the ▁business ▁include ▁asset ▁serv icing , ▁alternative ▁invest ment ▁services , ▁bro ker - de aler ▁services , ▁corpor ate ▁trust ▁services ▁and ▁tre as ury ▁services . ▁Other ▁offer ings ▁include ▁global ▁coll ater al ▁services , ▁foreign ▁exchange , ▁se cur ities ▁l ending , ▁middle ▁and ▁back ▁office ▁out s our cing , ▁and ▁de pository ▁rece i pts . ▁ ▁The ▁company ' s ▁subs idi ary ▁Pers hing ▁L LC ▁handles ▁se cur ities ▁services , ▁including ▁execution , ▁settlement , ▁and ▁clear ing . ▁It ▁also ▁provides ▁back ▁office ▁support ▁to ▁financial ▁advis ors . ▁ ▁In ▁ 2 0 1 4 , ▁the ▁company ▁formed ▁a ▁new ▁Mark ets ▁Group , ▁which ▁offers ▁coll ater al ▁management , ▁se cur ities ▁fin ance , ▁foreign ▁exchange ▁and ▁capital ▁mark ets . ▁The ▁group ▁is ▁now