|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
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