| 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. | |||||
Elsewhere, a Commonwealth team in Massachusetts converts to Cetera, while Janney draws four former Wells Fargo advisors to its Radnor, Pennsylvania office.
Clients say he copied the boss on his emails - and now they can't touch their cash.
He wired millions to his own accounts and told investors the fund was winning.
The partnership arrives as most small business owners near retirement age still don't have a formal succession plan in place.
A spokesperson for the estate planning fintech cited AI's reshaping of the industry as Trust & Will restructures its business.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
