2010 broker-dealer trends and analysis

FEB 17, 2010

Quick hits: Broker-dealer rep headcounts

The independent broker-dealer landscape has changed dramatically over the last year. Below is a quick breakdown of the ten largest independent B-Ds and their total rep headcounts, as well as a chart identifying the ten B-Ds with the largest percentage increase in their rep force over the last year. This is a sample of data gathered by InvestmentNews through its survey of independent broker-dealers, which was conducted in Nov. 2009 through January 2010.

Independent B-Ds with the largest rep count

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Broker-dealer Total number of reps 1Yr % change 2Yr % change 2009 rep count 2008 rep count
LPL Investment Holdings

12,027

-12%

-7%

13,646

12,890

Metlife Broker Dealer Group

10,147

-1%

--

10,231

--

Ameriprise Financial Services Inc.

10,103

29%

31%

7,830

7,712

Lincoln Financial Network

7,576

3%

--

7,366

--

NYLife Securities LLC

7,150

21%

--

5,932

--

Axa Advisors LLC

5,883

-4%

-4%

6,139

6,119

Northwestern Mutual

5,752

-1%

-4%

5,819

6008

H.D. Vest Financial Services

5,175

-6%

0%

5,486

5,200

AIG Advisor Group Inc.

4,865

-26%

-30%

6,571

6,989

National Planning Holdings Inc.

4,350

22%

22%

3,569

3,570

View comparison chart here.

Broker-dealer trends and analysis. Want more of InvestmentNews' exclusive independent broker-deaer info? For an expanded set of our B-D profiles--which includes contact information, plus historical analysis of B-D's individual recruiting behaviors and use of custodians--please contact Kristen Hensely at [email protected] or 212-210-045.

Largest increase (%) in reps

Click column headers to sort fields

Broker-dealer Rep count 1Yr % change 2Yr % change 2009 rep count 2008 rep count
Spire Investment Partners LLC

49

172%

--

18

--

Summit Brokerage Services Inc.

350

59%

73%

220

202

brokersXpress LLC

300

50%

50%

200

200

Park Avenue Securities LLC

2,988

34%

10%

2,234

2,710

Girard Securities Inc.

200

33%

60%

150

--

BCG Securities Inc.

60

33%

--

45

125

First Midwest Securities Inc.

212

33%

80%

160

118

Ameriprise Financial Services Inc.

10,103

29%

31%

7,830

7,712

Independent Financial Group

325

25%

--

260

--

National Planning Holdings Inc.*

4,350

22%

22%

3,569

1,750

Securities America Inc.

1,983

21%

13%

1,636

--

View comparison chart here.

Broker-dealer trends and analysis. Want more of InvestmentNews' exclusive independent broker-deaer info? For an expanded set of our B-D profiles--which includes contact information, plus historical analysis of B-D's individual recruiting behaviors and use of custodians--please contact Kristen Hensely at [email protected] or 212-210-0451.

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