| Rank | Name of company | 2009 total account assets |
|---|---|---|
| 1 | LPL Financial, a unit of LPL Investment Holdings Inc. | $257,704,362,757 |
| 2 | Ameriprise Financial Services Inc. | $218,338,000,000 |
| 3 | Raymond James Financial Services Inc. | $118,161,933,000 |
| 4 | Northwestern Mutual | $61,098,800,000 |
| 5 | MetLife Securities Inc., a unit of MetLife Broker-Dealer Group | $55,206,972,588 |
| 6 | Securities America Inc. | $53,000,000,000 |
| 7 | Commonwealth Financial Network | $51,519,867,215 |
| 8 | Royal Alliance Associates Inc., a unit of Advisor Group | $41,327,000,000 |
| 9 | Financial Network Investment Corp., a unit of Cetera Financial Group | $39,294,000,000 |
| 10 | NFP Securities | $38,072,492,810 |
| Want the full slate of InvestmentNews' exclusive independent broker-dealer info? For an expanded set of our B-D data, please contact Kristen Hensley at [email protected] or 212-210-0451. | ||
| Rank | Name of company | Total account assets % change, 2008-2009 | Actual 2009 total account assets | Total account assets % change, 2007-2008 | Total account assets % change, 2006-2007 |
|---|---|---|---|---|---|
| 1 | Securities Service Network Inc. | 74.77% | $4,286,438,000 | -18.61% | N/A |
| 2 | United Planners Financial Services | 73.06% | $6,230,000,000 | 28.00% | N/A |
| 3 | Securities America Inc. | 65.63% | $53,000,000,000 | -27.27% | 7.32% |
| 4 | Transamerica Financial Advisors Inc. | 63.30% | $17,800,000,000 | N/A | 40.00% |
| 5 | New England Securities Inc., a unit of MetLife Broker-Dealer Group | 58.95% | $25,124,717,576 | N/A | N/A |
| 6 | Wells Fargo Advisors Financial Network | 56.52% | $36,000,000,000 | N/A | N/A |
| 7 | Questar Capital Corp. | 53.33% | $4,600,000,000 | N/A | N/A |
| 8 | Kovack Securities Inc. | 51.41% | $2,626,300,000 | N/A | N/A |
| 9 | MetLife Securities Inc., a unit of MetLife Broker-Dealer Group | 45.51% | $55,206,972,588 | N/A | N/A |
| 10 | Next Financial Group Inc. | 45.47% | $11,351,762,664 | N/A | 30.48% |
Want the full slate of InvestmentNews' exclusive independent broker-dealer info? For an expanded set of our B-D data, please contact Kristen Hensley at [email protected] or 212-210-0451. | |||||
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
