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

WisdomTree's Maute: Developing elegant tech-enabled solutions

Advisers need unique technology-enabled solutions in order to have more time to expand their practice, according to WisdomTree's Alisa Maute. What can be done today to create a more thriving business of tomorrow.

Latest news & opinion

Meet our 2017 Women to Watch

Introducing 20 female financial advisers and industry executives who are distinguished leaders, advancing the business of providing advice through their creativity and hard work.

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print