The top broker-dealer RIAs

Ranked by total AUM

Dec 23, 2012 @ 12:01 am

Rank Firm Total AUM ($M)
1 Morgan Stanley $329,704.6
2 Merrill Lynch Pierce Fenner & Smith Inc. $321,411.0
3 Wells Fargo Advisors LLC $220,584.9
4 UBS Financial Services Inc. $185,299.7
5 Ameriprise Financial Services Inc. $103,385.3
6 LPL Financial LLC $83,580.2
7 Cambridge Associates LLC $62,394.8
8 RBC Capital Markets LLC $44,597.8
9 William Blair & Co. L.L.C. $43,968.0
10 Robert W. Baird & Co. Inc. $39,514.3
11 Raymond James & Associates Inc. $38,307.6
12 Commonwealth Financial Network $27,738.0
13 Citigroup Global Markets Inc. $21,244.0
14 Cambridge Investment Research Advisors Inc. $20,892.3
15 Wells Fargo Advisors Financial Network LLC $20,235.9
16 Stifel Nicolaus & Co. Inc. $15,904.1
17 Credit Suisse Securities (USA) LLC $14,573.1
18 Moneta Group Investment Advisors LLC $11,006.6
19 Janney Montgomery Scott LLC $10,911.9
20 Financial Network Investment Corp. $10,297.0
21 Morgan Keegan & Co. Inc. $9,652.2
22 Denver Investments $9,397.9
23 Axa Advisors LLC $9,090.3
24 Securities America Advisors Inc. $8,269.8
25 NFP Securities Inc. $8,009.0
26 Lincoln Financial Advisors Corp. $7,655.5
27 Waddell & Reed Inc. $7,593.2
28 Scott & Stringfellow LLC $7,282.6
29 Edelman Financial Services LLC $7,106.1
30 D.A. Davidson & Co. $6,167.1
31 Oppenheimer & Co. Inc. $6,011.7
32 Multi-Financial Securities Corp. $5,796.0
33 Suntrust Investment Services Inc. $5,785.8
34 First Command Financial Planning Inc. $5,732.4
35 Thrivent Investment Management Inc. $4,777.9
36 Davenport & Co. LLC $4,714.9
37 Tiaa-Cref Advice and Planning Services $4,582.3
38 Metlife Securities Inc. $4,547.2
39 ING Financial Partners Inc $4,338.5
40 National Planning Corp. $4,166.7
41 Park Avenue Securities LLC $3,973.8
42 J.J.B. Hilliard W.L. Lyons LLC $3,735.5
43 Hefren-Tillotson Inc. $3,688.2
44 Securian Financial Services Inc. $3,660.7
45 G.W. & Wade LLC $3,641.6
46 Valley Forge Asset Management Corp. $3,506.0
47 FSC Securities Corp. $3,488.4
48 Lincoln Investment Planning Inc $3,142.2
49 Allegheny Investments Ltd. $3,022.3
49 Allegheny Financial Group Ltd $3,022.3
51 Prudential Financial Planning Services $2,905.9
52 Transamerica Financial Advisors Inc. $2,721.9
53 VSR Advisory Services $2,714.4
54 BMO Harris Financial Advisors Inc $2,687.8
55 New England Securities Corp. $2,598.1
56 Wayne Hummer Investments L.L.C. $2,497.0
57 Mcadams Wright Ragen Inc. $2,395.6
58 KMS Financial Services Inc $2,355.3
59 Planmember Securities Corp. $2,281.0
60 Royal Alliance Associates Inc. $2,135.1
61 Northwestern Mutual Investment ServicesLLC $2,134.9
62 Cadaret Grant & Co Inc $2,100.2
63 Sagepoint Financial Inc. $2,043.6
64 Invest Financial Corp. $1,991.8
65 SII Investments Inc. $1,985.8
66 Ameritas Investment Corp $1,916.8
67 Investment Advisors $1,914.2
68 U.S. Bancorp Investments Inc. $1,875.3
69 Essex Financial Services Inc. $1,840.0
70 Woodbury Financial Services Inc. $1,803.3
71 Summit Equities Inc $1,797.8
72 Allen & Co. of Florida Inc. $1,760.8
73 Independent Financial Group LLC $1,719.2
74 Southern Wealth Management Llp $1,560.7
75 Signator Investors Inc. $1,447.2
76 Gerstein Fisher $1,395.6
77 Next Financial Group Inc. $1,316.6
78 First Financial Equity Corp. $1,298.7
79 Global Financial Private Capital LLC $1,242.0
80 Benjamin F. Edwards & Co. Inc. $1,223.4
81 Investment Centers Of America Inc. $1,177.2
82 H. Beck Inc. $1,142.8
83 United Planners' Financial Services of America A Limited Partner $1,116.4
84 Honkamp Krueger Financial Services Inc $1,110.7
85 Wedbush Securities Inc. $1,099.8
86 Synovus Securities Inc. $1,093.1
87 Financial Concepts Inc. $1,020.4
88 Henssler Financial $1,000.2
89 PFG Financial Advisors $987.6
90 Lincoln Financial Securities Corp. $917.4
91 Crowell Weedon & Co. $906.1
92 CWM LLC $901.9
93 Investors Capital Advisory $884.5
94 MML Investors Services LLC $883.7
95 Romano Brothers & Co. $852.8
96 Cleary Gull Inc. $841.3
97 Sanders Morris Harris Inc. $837.4
98 Brokersxpress LLC $829.1
99 SJS Corp. $818.3
100 Cassaday & Co Inc $806.2
InvestmentNews qualified firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of November 1, 2012. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2012, (2) total AUM is at least $100M (3) provided investment advisory services to clients during its most recently completed fiscal year, (4) no more than 50% of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (5) no more than 25% of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (6) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (7) provides financial planning services, (8) is compensated for investment advisory services by commissions, a percentage of AUM, hourly charges and/or fixed fees, (9) is actively engaged in business as a broker-dealer (registered or unregistered) and/or a registered representative of a broker-dealer . Source: InvestmentNews Data

Featured video

Events

What's the first thing advisers should do when they get home from a conference?

After attending a financial services conference, advisers can be overwhelmed by options, choices and tools. What's the first thing they should do when they get back to their office?

Latest news & opinion

Gun violence hits investment strategies, sparks political debates with advisers

Screening out weapons companies has limited downside.

Whistleblower said to collect $30 million in JPMorgan case

The bank did not properly disclose that it was steering asset-management customers into investments that would be profitable for JPMorgan Chase.

Social Security underpaid 82% of dually entitled widows and widowers

Agency failed to tell survivors that they could switch to a higher retirement benefit later.

If Finra eases firm oversight of outside business activities, broker-dealers could lose revenue

Brokerage firms would no longer be able to charge reps for supervising nonaffiliated RIAs.

Galvin charges Scottrade with DOL fiduciary rule violations

Action of Massachusetts' top regulator shows states can put teeth into a rule under review by the Trump administration.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print