| Firm | Clearing firm(s) used | 2012 total revenue ($M) | |
|---|---|---|---|
| 1 | LPL Financial LLC | Self-clearing | $3,582.7 |
| 2 | Ameriprise Financial Services Inc. | Self-clearing | $2,910.0 |
| 3 | Raymond James Financial Services Inc. | Self-clearing | $1,208.1 |
| 4 | Lincoln Financial Network | National Financial Services LLC, Pershing LLC | $745.2 |
| 5 | Commonwealth Financial Network | National Financial Services LLC, Pershing LLC | $712.1 |
| 6 | Axa Advisors LLC | LPL Financial Custom Clearing Services | $624.6 |
| 7 | Wells Fargo Advisors Financial Network | Self-clearing | $596.5 |
| 8 | Northwestern Mutual | Pershing LLC | $553.6 |
| 9 | MetLife Securities Inc. | Pershing LLC | $537.6 |
| 10 | Cambridge Investment Research Inc. | National Financial Services LLC, Pershing LLC | $461.4 |
| 11 | Securities America Inc. | National Financial Services LLC, Pershing LLC | $400.0 |
| 12 | Royal Alliance Associates Inc. | National Financial Services LLC, Pershing LLC | $388.4 |
| 13 | NFP Advisor Services Group (and affiliates) | National Financial Services LLC | $364.8 |
| 14 | Waddell & Reed Inc. | Pershing LLC | $361.6 |
| 15 | Cetera Advisor Networks | Pershing LLC | $360.5 |
| 16 | National Planning Corp. | Pershing LLC | $346.8 |
| 17 | ING Financial Partners Inc. | Pershing LLC | $339.1 |
| 18 | MML Investors Services LLC | National Financial Services LLC | $336.1 |
| 19 | Securian Financial Services Inc. | Pershing LLC | $291.2 |
| 20 | Signator Investors Inc./John Hancock Financial Network | National Financial Services LLC | $265.0 |
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