|Rank||Firm||Clearing firm(s) used||2011 total revenue ($M)|
|2||Ameriprise Financial Services Inc.||Self-clearing||$2,841.1|
|3||Raymond James Financial Services Inc.||Self-clearing||$1,178.1|
|4||Lincoln Financial Network||National Financial Services , Pershing||$784.8|
|5||Commonwealth Financial Network||National Financial Services , Pershing||$646.5|
|6||AXA Advisors LLC||LPL Financial Custom Clearing Services||$572.5|
|7||MetLife Securities Inc.||Pershing||$542.7|
|8||Wells Fargo Advisors Financial Network||First Clearing||$519.9|
|10||Securities America Inc.||National Financial Services , Pershing||$444.3|
|11||Cambridge Investment Research Inc.||National Financial Services , Pershing||$396.9|
|12||Royal Alliance Associates Inc.||National Financial Services , Pershing||$395.8|
|13||NFP Advisor Services Group (and affiliates)||National Financial Services||$369.2|
|14||Financial Network Investment Corp.||Pershing||$351.8|
|15||MML Investors Services LLC||National Financial Services||$347.4|
|16||National Planning Corp.||Pershing||$335.9|
|17||ING Financial Partners Inc.||Pershing||$331.2|
|18||Waddell & Reed Inc.||Pershing||$330.7|
|19||Securian Financial Services Inc.||Pershing||$282.5|
|20||FSC Securities Corp.||National Financial Services , Pershing||$264.0|
|Revenue figures as of firms' year end.|
Where the largest indie B-Ds clear
Clearing firms used by the independent broker-dealers with the most revenue
Jul 15, 2012 @ 12:01 am
The key threats advisers are seeing right now seem to change daily. Michelle Thetford of Schwab Advisor Services explains how to protect yourself and your clients.
Sponsored by Prudential
Latest news & opinion
Because the S&P 500 has outperformed, convincing clients they need protection is a hard sell.
Sometimes it takes creativity, along with knowledge and outside help, to get a client out of a jam.
The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million.
Advisers can help clients avoid scary and painful situations with kids age 18 and older.
P-E proves to be ready and willing to invest in RIAs, but many will be looking to sell in three to seven years.