Largest independent broker-dealer holding companies

JAN 17, 2014
Holding companyIBD subsidiary20132012% change
LPL Financial Holdings Inc.LPL Financial LLC13,55313,1553.0%
Ameriprise FinancialAmeriprise Financial Services Inc.7,5267,4491.0%
Cetera Financial GroupCetera Advisor Networks, Cetera Financial Institutions, Cetera Financial Specialists, Cetera Advisors7,4486,19820.2%
The Northwestern Mutual Life Insurance Co.Northwestern Mutual5,7815,939-2.7%
Advisor GroupRoyal Alliance Associates Inc., SagePoint Financial Inc., Woodbury Financial Services, FSC Securities Corp.5,4625,4630.0%
AXA Financial Inc.AXA Advisors LLC5,0455,242-3.8%
Massachusetts Mutual Life Insurance Co.MML Investors Services LLC4,7174,5713.2%
AegonTransamerica Financial Advisors Inc.4,7004,5653.0%
MetLife Inc.MetLife Securities Inc., New England Securities Inc.4,6546,996-33.5%
Parthenon Capital PartnersHD Vest Investment Services4,5734,670-2.1%
National Planning Holdings Inc.INVEST Financial Corp., National Planning Corp., SII Investments Inc., Investment Centers of America Inc.4,3003,81612.7%
ING U.S.ING Financial Partners Inc.3,3633,2204.4%
Raymond James FinancialRaymond James Financial Services Inc.3,2753,2201.7%
Principal Life Insurance Co.Princor Financial Services Corp.2,2822,2830.0%
Ladenburg Thalmann Financial Services Inc.Securities America Inc., Investacorp Inc.2,2542,2191.6%
Guardian Life Insurance Co.Park Avenue Securities LLC2,2212,234-0.6%
Securian Financial Group Inc.Securian Financial Services Inc., H. Beck Inc.1,9181,970-2.6%
Waddell & Reed Financial Inc.Waddell & Reed Inc.1,8791,8750.2%
National Financial Partners Corp.NFP Advisor Services Group 1,6521,6500.1%
Manulife FinancialSignator Investors Inc.1,5691,602-2.1%
Ameritas Life Insurance Co.Ameritas Investment Corp.1,2981,318-1.5%
Ohio National Life Insurance Co.The O.N. Equity Sales Co.9529243.0%
M Financial GroupM Holdings Securities Inc. (M Securities)8878524.1%
Penn Mutual Life Insurance Co.Hornor Townsend & Kent Inc.8808207.3%
RCAP Holdings, LLCFirst Allied Securities Inc.8788157.7%

As of Sept. 30 Source: InvestmentNews Data

Latest News

LPL building out alts, banking services to chase wirehouse advisors, new CEO says
LPL building out alts, banking services to chase wirehouse advisors, new CEO says

New chief executive Rich Steinmeier replaced Dan Arnold on October 1.

Franklin Templeton CEO vows to "do what's right" amid record outflows
Franklin Templeton CEO vows to "do what's right" amid record outflows

The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.

For asset managers, easy experience is key to winning advisors' businesses
For asset managers, easy experience is key to winning advisors' businesses

Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.

Why retaining HNW clients ultimately comes down to one basic thing
Why retaining HNW clients ultimately comes down to one basic thing

New survey finds varied levels of loyalty to advisors by generation.

Stocks drop as investors digest Microsoft, Meta earnings
Stocks drop as investors digest Microsoft, Meta earnings

Busy day for results, key data give markets concerns.

SPONSORED Out with the old and in with the new: a 50% private markets portfolio

A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.