Rank
Prev. Rank
Company
Commission Rev. $000s
% Change
Mutual Fund Rev. $000s
% Change
Securities Rev. $000s
% Change
Stock Revenue $000
Bond Revenue $000
Annuities Rev. $000s
% Change
Variable Annuities Rev. $000
Fixed Annuities Rev. $000
Insurance Rev. $000s
% Change
Long-term Care Rev. $000s
Life & Disability Rev. $000s
Alternatives Revenue $000s
% Change
Hedge Fund Rev. $000s
REITs Rev. $000s
Managed Futures Rev. $000s
Fee Revenue $000s
% Change
Fee Revenue from Reps $000s
Fee Revenue from Firm $000s
Fee Revenue from Outside $000s
% of Fee-Based Business
Fee Assets $000s
% Reps on Platform
1
LPL Financial, LLC
1,637,471
12.7
445,841
8.2
171,167
8.9
94,498
76,669
878,219
16.6
758,436
119,783
29,697
1,627
27,475
112,547
18.7
1,013,782
20.1
959,108
54,674
38.2
101,520,625
65
2
Ameriprise Financial
1,335,713
12.7
593,314
5.6
386,108
19.3
356,904
13,606
108,552
28,467
79,629
247,739
32.2
86,276
105,635
1,951
1,207,417
14.7
991,805
215,612
47.5
100
3
Raymond James Financial Services
572,374
11.3
270,928
6.7
115,109
2.1
90,816
24,293
164,671
11.6
148,646
16,026
21,666
409,882
23.7
270,164
88,919
50,799
41.7
47,370,485
90
4
AXA Advisors LLC
472,600
5.3
55,500
6,000
1.7
4,200
1,800
317,800
10.5
317,800
87,800
87,800
5,500
61.8
150
3,900
86,300
16.9
86,300
15.4
8,730,000
52
5
MetLife Securities
469,431
18.9
35,075
3,456
3.9
2,691
371
403,922
22.8
381,091
22,831
22,394
3.7
22,394
4,584
44.1
58,835
32.4
25,651
19,678
13,506
11.1
5,486,249
46
6
MML Investors Services, LLC
261,976
4.9
96,641
6.9
5,173
32.3
2,571
2,601
122,870
8.5
118,440
4,430
15,898
21,394
181.2
9,221
60,506
21.1
60,506
18.8
9,131,385
50
7
ING Financial Partners, Inc.
253,547
67.8
68,007
49.4
6,699
10.4
5,706
993
139,558
103.7
135,341
4,217
29,914
27.9
43
29,872
9,369
23.8
8,231
61,886
41.0
51,574
10,312
19.6
4,362,500
64
8
Northwestern Mutual 1
235,539
3.7
120,066
3.2
4,731
4.0
4,510
221
59,460
13.8
59,460
17,722
17,722
33,560
7.1
195,380
33.9
137,162
57,415
803
45.3
20,136,562
37
9
Commonwealth Financial Network
235,126
9.4
79,674
0.7
15,686
7,046
5,345
96,245
14.9
93,420
2,825
18,279
11.9
3,163
14,485
25,242
32.6
9,032
10,794
2,803
336,603
14.9
292,261
15,303
29,039
58.9
29,300,000
86
10
National Planning Corp.
233,052
7.9
57,115
0.3
5,589
3,297
1,464
152,092
12.3
141,812
5,689
2,814
96
2,717
15,442
6.9
10,005
348
76,219
23.8
30,477
45,742
24.6
60
11
NFP Advisor Services Group (& Affiliates)
223,874
1.9
36,479
6.7
4,116
2,570
1,545
76,729
26.0
75,397
1,332
90,350
275
90,076
16,199
47.1
139
5,818
838
94,436
18.8
46,603
6,488
41,345
29.7
9,682,269
69
12
John Hancock Financial Network
222,902
36,024
8.3
660
660
76,749
15.9
74,379
988
108,109
9,111
39,129
1,359
7.3
1,359
29,126
28.5
29,126
11.6
3,782,535
60
13
Securities America, Inc.
222,302
135,300
11,500
9,400
2,100
64,800
63,100
1,700
2,900
7,802
6,478
168,100
81,300
86,800
43.1
12,518,623
91
14
Woodbury Financial Services
221,775
6.0
35,535
2,770
2,699
72
132,667
10.9
132,410
256
41,881
41,881
8,922
6.4
27,957
26.1
15,687
12,270
11.2
3,130,347
49
15
Securian Financial Services, Inc
218,046
37,255
13.7
1,187
1,187
60,048
3.2
55,784
120
119,555
119,555
46,902
0.4
33,732
13,171
17.7
5,377,195
62
16
Royal Alliance Associates
204,411
15.3
78,432
15.6
9,469
7,481
1,989
95,331
14.4
92,338
653
5,506
24.6
15,672
36.0
7,862
151,671
22.0
110,593
41,078
42.6
16,535,219
66
17
Princor Financial Services
201,539
10.7
132,379
7.3
2,808
2,527
281
48,904
20.2
48,904
17,448
14.5
17,448
27,529
21.0
26,044
1,485
12.0
2,408,441
45
18
New England Securities
195,522
25.9
30,134
0.6
2,328
13.0
1,711
386
142,261
35.8
140,635
1,625
16,263
9.2
16,263
4,536
23.9
47,774
23.0
24,912
15,972
6,889
19.6
5,707,339
59
19
Financial Network Investment Corporation
190,231
86,077
10,546
7,015
2,553
66,723
66,723
18,119
18,119
8,766
8,766
131,515
131,515
40.9
47
20
Wells Fargo Advisors Financial Network
186,861
13.5
63,013
13.1
61,686
13.9
38,019
23,667
54,461
28.0
54,461
3,112
12.8
3,112
4,589
115
1,760
173,300
7.8
121,400
21,100
30,800
48.1
20,230,122
96
21
Waddell & Reed
185,870
1.6
124,142
6.4
1,097
46.3
848
141
42,733
40,857
1,876
17,897
17,897
91,374
46.5
18,068
73,306
33.0
6,271
86
22
Invest Financial Corp
159,570
13.9
39,113
11.5
9,377
5,853
2,890
92,068
17.1
75,349
10,616
2,710
234
2,383
16,302
21.9
14
5,533
280
37,553
20.0
17,111
20,442
19.1
54
23
Cambridge Investment Research
158,033
12.6
51,181
2.5
10,804
6.9
5,569
1,698
71,251
28.2
54,465
365
6,759
4,363
18,039
19.0
8,900
4,553
208,771
10.5
147,977
13,445
47,349
56.9
22,812,067
89
24
SagePoint Financial
149,674
12.5
53,954
9.9
7,214
6,646
568
74,110
12.4
67,914
1,186
5,657
41.9
8,741
48.2
5,106
57,821
10.4
42,504
15,317
27.9
5,901,074
59
25
FSC Securities Corp
148,782
13.9
51,968
10.4
7,355
19.6
5,904
1,451
71,942
11.3
69,261
380
4,312
9.2
13,205
48.5
9,703
87,686
9.4
66,674
21,011
37.1
10,266,233
90
26
First Allied Securities
145,961
3.3
26,290
1.6
33,243
27,111
6,132
58,862
11.8
56,793
2,069
7,680
95.1
310
7,370
19,886
15,736
1,307
70,712
17.2
39,010
31,703
32.6
4,974,464
69
27
H.D. Vest Financial Services
136,373
4.6
72,502
4.9
8,918
16.6
7,252
1,666
47,218
8.5
47,218
7,735
0.6
80,513
14.1
76,072
4,441
37.1
5,881,240
28
PrimeVest Financial Services
134,466
36,392
17,489
7,965
4,676
70,207
50,951
19,256
4,147
4,147
6,231
6,231
8,825
8,825
6.2
21
29
CUNA Brokerage Services, Inc.
119,390
17,200
1,800
1,500
300
68,300
43,100
25,200
8,000
760
7,240
24,090
190
13,500
13,500
10.2
1,639
84
30
Transamerica Financial Advisors, Inc.
117,805
38,993
78,812
78,812
30,428
30,428
20.5
3,088,992
31
M Holdings Securities
114,632
7.0
5,061
10.7
1,309
1,019
290
15,034
38.9
8,777
325
93,065
4.0
92,450
163
29
45
6,680
31.1
4,188
737
1,755
5.5
780,374
34
32
Cadaret, Grant & Co.
103,107
9.4
46,409
5.9
8,281
5.6
6,050
1,117
43,540
15.2
42,018
834
3,095
8.4
289
2,296
1,784
1,784
25,714
23.6
19,921
303
5,489
20.0
2,476,710
69
33
Park Avenue Securities, LLC
103,102
14.6
22,561
1.4
2,041
5.3
1,893
148
76,396
21.1
76,396
2,104
2,104
32,742
16.5
4,687
5,274
22,782
24.1
3,973,779
64
34
SII Investments
103,007
13.5
22,007
6.6
2,409
8.2
1,620
449
66,263
19.2
61,689
2,784
2,421
76
2,345
9,907
2.5
5,053
492
35,906
24.1
12,691
23,215
25.8
72
35
Ameritas Investment Corp.
100,079
27.2
22,364
5.3
6,859
1,806
5,053
42,019
20.7
38,262
8,773
20,065
31.1
3,892
23,704
21.8
15,210
8,494
19.1
2,562,904
50
36
Allstate Financial Services, LLC
96,309
6.1
16,100
7.1
446
399
47
72,872
8.4
65,953
6,891
37
Multi-Financial Securities Corp.
96,122
27,393
7,434
3,320
2,492
41,992
41,992
9,099
9,099
10,204
10,204
54,783
54,783
36.3
47
38
Next Financial Group, Inc.
88,781
23,203
10,570
7,561
3,009
47,779
44,847
2,933
2,110
5,119
2,597
145
32,040
5.7
16,867
15,173
26.5
2,947,953
77
39
CUSO Financial Services, LP
88,131
5.1
25,611
4,057
1,763
2,295
54,936
40,336
8,071
2,198
1,328
1,099
6,719
35.1
6,719
7.1
546,007
15
40
Centaurus Financial
80,287
9.7
8,394
1,576
16.3
441
207
51,640
11.2
38,828
12,812
5,036
9.7
210
4,826
13,642
15.1
9,891
13,869
30.8
5,384
8,484
14.7
1,694,254
52
41
American Portfolios Fin. Services
79,647
14.5
26,613
6.7
10,608
6.6
7,995
1,862
37,777
23.6
33,450
457
2,362
3
2,358
2,287
126.5
2,059
149
33,785
71.8
23,279
10,505
29.8
2,280,722
70
42
CFG/H. Beck, Inc.
79,018
20.0
26,279
8.7
4,114
8.8
2,567
1,548
36,016
28.0
34,524
342
2,397
2,397
10,211
41.6
36,352
144.8
18,889
358
17,104
31.5
1,142,843
52
43
Walnut Street Securities
78,237
5.2
30,644
2,718
1,912
423
40,022
16.4
39,462
560
3,458
2,414
1,396
27,438
18.5
21,635
3,602
2,202
26.0
3,932,783
52
44
ProEquities, Inc
75,931
15.8
10,302
6,007
15.1
1,622
4,385
27,957
34.9
26,272
494
2,800
2,800
28,864
336.2
4,588
18,062
14.2
8,330
2,358
7,374
19.2
2,000,000
62
45
Investors Capital Corp.
65,165
14,244
16,938
12,136
4,802
29,344
6.9
27,825
1,519
75
4,564
1,993
14,509
19.9
11,035
1,801
1,673
18.2
1,380,000
84
46
Investment Centers of America
62,516
8.0
18,092
4.8
4,577
3.3
3,091
1,225
27,908
16.7
22,146
4,444
4,509
538
3,798
7,430
3,751
149
13,329
30.8
9,473
3,856
17.6
87
47
Questar Capital Corporation
61,325
9.8
11,000
11.2
2,091
4.7
1,745
276
44,680
16.9
19,500
580
420
420
3,134
2,500
24
6,380
39.0
680
5,700
9.4
493,000
45
48
Genworth Financial Securities Corp.
58,296
36,395
5.8
1,589
1,476
113
16,045
14,189
1,856
3,758
419
2,839
509
10.7
342
41,919
0.6
41,919
41.8
3,804,765
64
49
VSR Financial Services
58,050
17.0
10,862
9.7
5,288
3,966
1,216
17,173
26.9
17,173
4,293
29.7
271
20,433
23.3
11,687
1,064
35,655
25.6
23,207
12,448
38.1
3,268,107
87
50
Investacorp, Inc.
55,292
10.1
18,100
15,341
18.4
13,027
2,314
21,851
14.2
19,690
2,161
13,028
8,176
2,439
2,413
19.1
1,216,958
220
51
Securities Service Network, Inc.
52,457
16.2
14,678
16.2
3,965
1.7
1,479
791
32,036
19.7
30,108
344
1,778
1,778
29,492
17.3
22,086
7,406
36.0
3,740,421
79
52
Triad Advisors
52,330
13.9
12,684
6.3
5,317
43.9
2,907
2,409
21,871
25.9
14,500
3,115
3,115
9,344
58.1
9,244
46,958
16.0
17,267
29,691
47.3
2,100,000
88
53
Summit Brokerage Services, Inc.
52,100
7.4
10,800
35.0
13,900
10,600
3,300
22,700
10.7
19,500
3,200
4,700
34.3
1,900
13,100
19.1
10,100
3,000
20.1
1,250
93
54
Sigma Financial Corporation
51,492
18.0
14,180
10.2
4,334
42.0
2,681
1,654
28,046
35.5
27,318
728
4,205
15.1
4,205
728
18,101
11,776
6,325
26.0
1,642,254
70
55
J.P. Turner & Co.
49,852
4,351
27,619
4.7
20,218
6,627
11,001
12.4
11,001
8
6,873
5,624
77
10,040
10,040
16.8
56
The O.N. Equity Sales Co.
46,481
4.7
12,985
0.6
1,274
253
969
29,040
8.9
24,814
205
8.9
2,977
2,555
2,439
56.5
2,439
5.0
294,413
28
57
United Planners
45,851
23.8
11,458
9,548
5,729
3,819
20,369
11.8
16,550
3,819
2,566
185.8
1,910
7.4
1,910
19,914
9.7
19,914
30.3
2,545,012
84
58
Independent Financial Group
42,543
37.8
8,911
32.3
2,183
49.4
1,612
407
21,219
40.1
19,676
380
1,556
90.9
25
1,531
8,674
29.3
4,448
15,049
44.8
7,566
2,074
5,410
26.1
2,102,605
75
59
Berthel Fisher & Co. Fin. Services
40,773
8.6
10,018
7,417
6,237
1,180
8,360
37.8
8,143
170
263
108.1
3
14,715
11.1
6,878
8,091
10.3
6,941
1,150
16.6
1,000
65
60
KMS Financial Services, Inc.
38,649
6.3
20,394
5.3
3,105
12.4
1,242
776
14,779
9.0
13,449
1,330
86
86
285
214
71
26,967
24.3
19,348
7,619
41.1
3,098,644
73
61
J.W. Cole Financial, Inc.
38,365
19.2
10,135
39.9
858
236
425
22,081
20.0
13,156
8,925
3,568
14.2
188
3,380
1,724
26.7
1,357
8,203
1.7
5,065
3,138
17.6
950,807
65
62
WFG Investments Inc.
38,213
28.2
3,000
50.0
18,300
26.2
9,000
5,500
5,400
71.4
5,175
225
388
158.5
68
320
11,125
11.3
100
3,575
250
17,100
22.1
10,600
6,500
30.9
1,390,000
110
63
Tower Square Securities
37,830
9,029
751
596
42
25,614
8.5
24,953
662
2,136
2,064
299
7,687
14.1
4,365
2,399
924
16.9
579,132
38
64
WRP Investments, Inc.
34,586
18.1
12,376
5.5
2,858
32.6
2,858
19,352
25.7
19,352
6,328
29.4
3,998
2,330
15.5
6,432
59
65
Sterne Agee Financial Services
34,440
4.7
9,793
104.3
15,792
7,106
3,948
8,115
10.7
7,460
655
650
49.4
50
600
90
90
5,245
22.0
622
3,622
1,001
13.2
4,525
60
66
Geneos Wealth Management, Inc
30,191
31.3
9,691
72.6
1,736
1,467
268
11,708
23.1
10,677
1,031
1,601
31.9
59
1,542
5,456
21.5
2,803
118
38,791
0.3
30,495
1,183
7,113
56.2
3,964,920
99
67
Horner, Townsend & Kent (HTK)
27,736
11.5
5,273
1,931
1,850
81
18,615
19.7
18,615
858
2.2
1,060
13.5
800
68
LaSalle St. Securities LLC
27,074
3.4
14,042
9.2
7,831
7,173
657
5,004
16.2
5,004
197
4,762
13.9
3,571
714
476
15.0
459,538
99
69
Kovack Securities, Inc.
25,027
20.4
3,655
50.8
8,894
42.4
4,675
3,051
9,738
5.1
8,881
856
508
1.7
47
63
2,232
2,232
12,378
17.9
7,063
2,358
2,956
33.1
12,378
54
70
Crown Capital Securities, L.P.
24,822
12.3
6,909
1.4
1,102
20.4
845
205
12,847
10.9
12,479
338
436
857.3
254
3,528
28.6
1,909
7,798
63.1
4,283
3,515
23.9
767,119
72
71
Harbour Investments, Inc.
22,370
8,100
2,500
14.2
1,500
500
11,110
10,100
1,000
360
23.7
50
310
300
4.5
300
4,400
15.8
2,000
1,400
1,000
16.4
630,000
50
72
Prospera Financial Services
17,886
15.4
1,424
9,029
802.9
3,595
3,695
6,511
54.5
5,209
1,302
146
16.3
146
775
775
7,707
4,142
3,565
30.1
112
73
First Midwest Securities
14,742
796
13,180
12,500
680
718
718
48
48
717
717
4.6
137,000
19
74
Broker Dealer Financial Services Corp.
13,784
3,805
4,034
2,814
1,220
4,801
4,591
210
306
16
2
839
350
1,995
1,617
378
12.6
220,399
25
75
Founders Financial Securities
10,195
308
6,793
2,987.6
2,264
2,264
1,399
1,399
1,399
296
28.8
296
3,350
69.9
3,350
24.7
340,000
75
76
Larson Financial Securities, LLC
7,078
354.2
50
291.8
286
388.5
286
6,742
353.4
6,742
