Clearing firms

Clearing firms
Clearing firms by number of clients.
AUG 11, 2013
By  dcheruvil
Firm Phone/website # of clients % change vs. 2012 Contact(s) Phone/e-mail
1 Pershing LLC (201) 413-2000 pershing.com 839 1.0% Michael B. Row, Managing director brokerage.info@pershing.com
2 National Financial Services LLC (877) 262-5950 nationalfinancial.com 260 -5.8% Joe Kelly, Senior vice president, national sales manager (617) 563-8738 joseph.kelly.nf@fmr.com
3 Merrill Lynch Professional Clearing Corp. & Broadcort (800) 246-0561 broadcort.com 231 7.9% Gary Yetman, Managing director; Anthony Vella, Director of sales (646) 743-1222 gary.yetman@baml.com (646) 743-0955 anthony.j.vella@baml.com
4 J.P. Morgan Clearing Corp. (212) 552-1765 jpmorgan.com/bds 230 -3.4% Curt Richmond, Managing director (212) 552-1765 curt.richmond@jpmorgan.com
5 RBC Correspondent Services (888) 462-1816 rbc-cs.com 180 0.0% Craig Gordon, Director (612) 371-7776 craig.gordon@rbc.com
6 Wedbush Securities Inc. (213) 688-8000 wedbush.com 160 0.0% Sean Thompson, Senior vice president of advanced clearing services (213) 688-4567 sean.thompson@wedbush.com
7 Southwest Securities Inc. (877) 797-6613 swsclearing.com 147 -6.4% Anton Berends, Head of clearing services (214) 859-9310 aberends@swst.com
8 Goldman Sachs Execution and Clearing LP (212) 357-2266 gsec.com 115 -23.3% Kyle Czepiel, Managing director (212) 357-2802 kyle.czepiel@gs.com
9 Apex Clearing Corp.1 (214) 765-1100 apexclearing.com 100 N/A Michael Lanyon, Director of relationship management and sales (214) 765-1066 mlanyon@apexclearing.com
10 Sterne Agee Clearing Inc. (205) 414-7222 sterneagee.com 100 3.1% Mark Hamm, CEO, president (205) 414-7222 mhamm@sterneagee.com
11 First Clearing LLC (888) 322-2532 firstclearing.com 88 -2.2% David L. Williams, Managing director (888) 322-2532 david.l.williams@firstclearing.com
12 COR Clearing LLC2 (800) 811-3487 clearing.com 85 16.4% Joe De Meneses, Director of business development (917) 319-4053 demeneses@corsecurities.com
13 FirstSouthwest Co. (800) 678-3792 firstswclearing.com 80 0.0% Paul Bashus, Regional vice president; Joe Turk, Regional vice president (214) 953-4000 paul.bashus@firstsw.com (917) 206-3667 joe.turk@firstsw.com
14 Raymond James & Associates Inc. (727) 567-3990 raymondjames.com/clearing 39 0.0% Robb Combs, Director of correspondent services (727) 567-3990 robb.combs@raymondjames.com
15 LPL Financial LLC (800) 877-7210 lpl.com 53 0.0% David Akellian, Executive vice president, head of custom clearing services (858) 450-9606 ext. 6865 david.akellian@lpl.com
1Firm was established in August 2012. 2In March 2012, Cor Securities Holdings acquired Legent Clearing. All figures reflect acquisition. 3As of March 31. In case of a tie, firms are listed alphabetically under the same ranking number. Source: InvestmentNews Data

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