Independent Broker Dealer List
2017 2018 commission revenue m change vs.
Independent broker dealer list. This is a listing of the top independent broker dealers in the us please note. We avoided ranking broker dealers by the number of advisors in the firm. Finra s 2018 figure for the total number of broker dealers is 3 608 which is down from 3 727 in the prior year. Its gross profits were about 2 2 billion and its net.
This is not intended to list every independent broker dealer and represents a small portion of the data required to complete a thorough search for an independent broker dealer data collected from investment news april 21 2018. National planning holdings sale of their independent broker dealers create mass movement when national planning holdings network announced last year they were selling their four independent broker dealers national planning corp invest financial corp investment centers of america inc. Top independent broker dealers. The largest independent broker dealer in the field continues to be lpl financial which had gross revenues of over 5 6 billion in 2019.
The full count of registered representatives was 630 132 in 2018 vs. Financial planning released its annual list of the largest independent broker dealers in june. Independent broker dealers were created to accommodate financial advisors who carry securities licenses and need back office support for services such as compliance and trade execution. Below is a list of the top 15 broker dealer firms based on aum numbers available from the companies as of october 25 2018.
And sii investments to lpl financial it created measurable change for many of their approximately 3 200.