| Rank | Firm | Website | # of clients | % change vs. 2011 | Contact | Phone | |
|---|---|---|---|---|---|---|---|
| 1 | Pershing LLC | pershing.com | 831 | -0.6% | James T. Crowley, managing director | (201) 413-2564 | brokerage.info@pershing.com |
| 2 | National Financial Services LLC | nationalfinancial.com | 276 | -5.2% | Joe Kelly, head of sales | (617) 563-8738 | joseph.kelly.nf@fmr.com |
| 3 | J.P. Morgan Clearing Corp. | jpmorgan.com/bds | 238 | 12.8% | Curt Richmond, managing director | (212) 552-1765 | curt.richmond@jpmorgan.com |
| 4 | Broadcort & Merrill Lynch Professional Clearing Corp. | broadcort.com | 214 | -16.1% | Michael Bird, managing director at Broadcort; Gary Yetman, managing director at MLPro | (646) 855-3507; (646) 743-1222 | m.bird@baml.com; gary.yetman@baml.com |
| 5 | RBC Correspondent Services* | rbc-cs.com | 180 | 5.9% | Craig Gordon, director | (612) 371-7776 | craig.gordon@rbc.com |
| 6 | Wedbush Securities Inc. | 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. | swsclearing.com | 157 | -4.8% | Anton Berends, head of clearing services | (214) 859-9310 | aberends@swst.com |
| 8 | Goldman Sachs Execution and Clearing LP** | gsec.com | 150 | -14.3% | Kyle Czepiel, managing director | (212) 357-2802 | kyle.czepiel@gs.com |
| 9 | Sterne Agee Clearing Inc. | sterneagee.com | 112 | 1.8% | Dennis Ferguson, vice chairman | (800) 264-4863 | dferguson@sterneagee.com |
| 10 | First Clearing LLC | firstclearing.com | 90 | -3.2% | David L. Williams, managing director | (888) 322-2532 | david.l.williams@firstclearing.com |
| 11 | FirstSouthwest Co. | firstswclearing.com | 80 | 6.7% | Joseph Turk, regional vice president; Paul Bashus, regional vice president | (917) 206-3667; (866) 299-8755 | joe.turk@firstsw.com; paul.bashus@firstsw.com |
| 12 | Legent Clearing LLC | legentclearing.com | 73 | -8.8% | Steve Dripchak, vice president of sales | (866) 770-0218 | steve.dripchak@legentclearing.com |
| 13 | Raymond James & Associates Inc. | raymondjames.com/clearing | 39 | 2.6% | Robb Combs, director of correspondent services | (727) 567-3990 | robb.combs@raymondjames.com |
| 14 | LPL Financial Custom Clearing Services | lpl.com | 5 | -28.6% | David Akellian, executive vice president and head of custom clearing services | (858) 450-9606 ext. 6865 | david.akellian@lpl.com |
In June, Apex Clearing agreed to acquire the correspondent and customer accounts and contracts of the securities division within Penson's U.S. broker-dealer subsidiary, Penson Financial Services Inc. Apex declined to participate in the survey. As of June 30. *On March 2, RBC Correspondent Services acquired Mesirow Financial Inc.'s clearing business. Number of clients reflects acquisition. **Number of clients is a company estimate
Source: InvestmentNews Data