| 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 | [email protected] |
| 2 | National Financial Services LLC | nationalfinancial.com | 276 | -5.2% | Joe Kelly, head of sales | (617) 563-8738 | [email protected] |
| 3 | J.P. Morgan Clearing Corp. | jpmorgan.com/bds | 238 | 12.8% | Curt Richmond, managing director | (212) 552-1765 | [email protected] |
| 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 | [email protected]; [email protected] |
| 5 | RBC Correspondent Services* | rbc-cs.com | 180 | 5.9% | Craig Gordon, director | (612) 371-7776 | [email protected] |
| 6 | Wedbush Securities Inc. | wedbush.com | 160 | 0.0% | Sean Thompson, senior vice president of advanced clearing services | (213) 688-4567 | [email protected] |
| 7 | Southwest Securities Inc. | swsclearing.com | 157 | -4.8% | Anton Berends, head of clearing services | (214) 859-9310 | [email protected] |
| 8 | Goldman Sachs Execution and Clearing LP** | gsec.com | 150 | -14.3% | Kyle Czepiel, managing director | (212) 357-2802 | [email protected] |
| 9 | Sterne Agee Clearing Inc. | sterneagee.com | 112 | 1.8% | Dennis Ferguson, vice chairman | (800) 264-4863 | [email protected] |
| 10 | First Clearing LLC | firstclearing.com | 90 | -3.2% | David L. Williams, managing director | (888) 322-2532 | [email protected] |
| 11 | FirstSouthwest Co. | firstswclearing.com | 80 | 6.7% | Joseph Turk, regional vice president; Paul Bashus, regional vice president | (917) 206-3667; (866) 299-8755 | [email protected]; [email protected] |
| 12 | Legent Clearing LLC | legentclearing.com | 73 | -8.8% | Steve Dripchak, vice president of sales | (866) 770-0218 | [email protected] |
| 13 | Raymond James & Associates Inc. | raymondjames.com/clearing | 39 | 2.6% | Robb Combs, director of correspondent services | (727) 567-3990 | [email protected] |
| 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 | [email protected] |
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
