| Holding company | IBD subsidiary | 2013 | 2012 | % change |
|---|---|---|---|---|
| LPL Financial Holdings Inc. | LPL Financial LLC | 13,553 | 13,155 | 3.0% |
| Ameriprise Financial | Ameriprise Financial Services Inc. | 7,526 | 7,449 | 1.0% |
| Cetera Financial Group | Cetera Advisor Networks, Cetera Financial Institutions, Cetera Financial Specialists, Cetera Advisors | 7,448 | 6,198 | 20.2% |
| The Northwestern Mutual Life Insurance Co. | Northwestern Mutual | 5,781 | 5,939 | -2.7% |
| Advisor Group | Royal Alliance Associates Inc., SagePoint Financial Inc., Woodbury Financial Services, FSC Securities Corp. | 5,462 | 5,463 | 0.0% |
| AXA Financial Inc. | AXA Advisors LLC | 5,045 | 5,242 | -3.8% |
| Massachusetts Mutual Life Insurance Co. | MML Investors Services LLC | 4,717 | 4,571 | 3.2% |
| Aegon | Transamerica Financial Advisors Inc. | 4,700 | 4,565 | 3.0% |
| MetLife Inc. | MetLife Securities Inc., New England Securities Inc. | 4,654 | 6,996 | -33.5% |
| Parthenon Capital Partners | HD Vest Investment Services | 4,573 | 4,670 | -2.1% |
| National Planning Holdings Inc. | INVEST Financial Corp., National Planning Corp., SII Investments Inc., Investment Centers of America Inc. | 4,300 | 3,816 | 12.7% |
| ING U.S. | ING Financial Partners Inc. | 3,363 | 3,220 | 4.4% |
| Raymond James Financial | Raymond James Financial Services Inc. | 3,275 | 3,220 | 1.7% |
| Principal Life Insurance Co. | Princor Financial Services Corp. | 2,282 | 2,283 | 0.0% |
| Ladenburg Thalmann Financial Services Inc. | Securities America Inc., Investacorp Inc. | 2,254 | 2,219 | 1.6% |
| Guardian Life Insurance Co. | Park Avenue Securities LLC | 2,221 | 2,234 | -0.6% |
| Securian Financial Group Inc. | Securian Financial Services Inc., H. Beck Inc. | 1,918 | 1,970 | -2.6% |
| Waddell & Reed Financial Inc. | Waddell & Reed Inc. | 1,879 | 1,875 | 0.2% |
| National Financial Partners Corp. | NFP Advisor Services Group | 1,652 | 1,650 | 0.1% |
| Manulife Financial | Signator Investors Inc. | 1,569 | 1,602 | -2.1% |
| Ameritas Life Insurance Co. | Ameritas Investment Corp. | 1,298 | 1,318 | -1.5% |
| Ohio National Life Insurance Co. | The O.N. Equity Sales Co. | 952 | 924 | 3.0% |
| M Financial Group | M Holdings Securities Inc. (M Securities) | 887 | 852 | 4.1% |
| Penn Mutual Life Insurance Co. | Hornor Townsend & Kent Inc. | 880 | 820 | 7.3% |
| RCAP Holdings, LLC | First Allied Securities Inc. | 878 | 815 | 7.7% |
As of Sept. 30 Source: InvestmentNews Data
Meanwhile, Raymond James snags Edward Jones advisor in Arizona.
New Morgan Stanley research shows retirement planning is a key area where advice is required.
ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.
Joel Frank allegedly sold more than $39 million worth of investments in the Equilus Funds to more than 90 investors,
The Charity Parity Act would eliminate a costly IRA rollover requirement that blocks direct charitable transfers from workplace retirement plans.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
