Updated Wednesday, April 16, 2014 as of 3:19 AM ET
Product Revenues

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 1 LPL Financial 1,768,100 8.0 497,200 11.5 182,500 6.6 99,300 83,200 914,200 4.1 815,400 98,800 30,000 1.0 1,300 28,600 144,200 28.2 -- -- -- 1,054,300 4.0 998,900 -- 55,400 37.4 67
2 2 Ameriprise Financial 1,238,271 (4.8) 552,972 (6.8) 55,850 14.7 -- -- 358,274 (7.2) -- -- 113,726 2.8 -- -- 106,027 (1.5) -- -- -- 1,326,313 9.8 1,048,668 -- 277,644 65.1 -- 100
3 3 Raymond James Financial Services 587,696 (0.3) 279,253 3.1 96,714 (16.0) 74,789 21,925 172,014 4.5 155,748 16,267 12,513 (14.1) 2,730 14.3 443,791 8.9 297,751 103,203 45,567 43.7 59,990,161 90
4 5 AXA Advisors 508,600 7.6 55,500 0.0 5,000 (16.7) 3,800 1,200 356,000 12.0 356,000 81,100 (7.6) 81,100 11,000 100.0 141 9,300 97,000 11.1 95,900 15.6 9,700,000 57
5 6 MetLife Securities 454,146 (3.3) 34,630 (1.3) 3,092 (10.5) 2,199 446 388,535 (3.8) 366,826 21,709 19,316 (13.7) 19,316 8,573 87.0 52,193 15.1 24,621 20,253 7,318 10.3 5,219,255 --
6 16 ING Financial Partners 255,479 (0.1) 69,491 2.2 6,041 (22.4) 5,109 888 134,887 (4.0) 130,840 4,047 33,188 10.9 47 33,141 10,720 30.2 -- -- -- 67,020 8.3 56,157 -- 10,863 20.8 5,179,510 62
7 4 Commonwealth Financial Network 252,771 22.2 93,111 16.9 13,623 (7.2) 6,792 4,545 97,161 1.0 94,698 2,462 17,787 0.8 3,219 14,567 17,551 (30.5) 4 14,851 2,696 374,188 11.2 320,325 23,459 30,405 58.1 33,400,000 92
8 14 MML Investors Services 244,282 (6.8) 95,473 (1.2) 4,667 (9.8) 2,306 2,361 124,682 1.5 119,741 4,941 -- 0.0 -- -- 0.0 5,646 66,781 10.4 -- -- 66,781 21.5 11,135,623 58
9 12 NFP Advisor Services Group (& Affiliates) 242,035 (4.1) 37,880 2.5 4,213 (21.6) 1,345 1,440 78,395 (1.8) 77,368 1,027 101,190 (9.8) 374 100,816 8,112 (11.9) 369 9,792 720 104,026 3.5 48,165 5,701 39,534 27.9 10,766,628 70
10 8 Northwestern Mutual 239,363 1.6 120,143 0.1 -- 0.0 4,020 170 -- 0.0 67,241 -- 0.0 -- 1,550 -- 0.0 -- -- -- 236,906 21.3 155,900 79,941 1,065 49.7 25,943,085 41
11 15 National Planning 232,075 (0.4) 56,513 (1.1) 4,936 (11.7) 3,180 1,068 150,044 (1.3) 140,249 4,771 2,235 (20.6) 101 2,134 18,347 18.8 -- 13,107 324 87,798 15.2 34,489 -- 53,309 26.0 9,483,997 70
12 20 Signator Investors 226,522 1.7 34,110 1.9 525 (15.1) 525 80,358 1.6 79,765 593 109,565 1.8 7,038 102,527 -- 0.0 -- -- -- 31,567 10.0 -- -- 31,557 12.2 -- 37
13 18 Securian Financial Services 219,992 0.9 34,926 (6.3) 959 (19.2) -- -- 65,871 9.7 59,356 156 118,236 (1.1) 14 118,221 -- 0.0 -- -- -- 55,245 9.7 37,097 -- 14,054 18.9 -- --
14 25 Princor Financial Services 210,716 4.6 136,859 3.4 2,654 (5.5) 2,521 133 -- (100.0) 51,606 -- 19,597 12.3 -- 19,597 -- 0.0 -- -- -- 30,919 12.3 29,216 -- 1,703 12.8 2,897,480 45
15 21 Woodbury Financial 210,391 (5.1) 37,900 6.7 1,939 (30.0) 1,914 25 124,559 (6.1) 123,976 583 36,948 (11.8) -- 36,948 8,798 2.7 -- -- -- 29,813 6.6 15,539 -- 12,832 11.5 3,273,137 49
16 7 Wells Fargo Advisors Financial Network 202,155 8.2 62,129 (1.4) 68,577 11.2 45,999 22,578 61,511 12.9 61,511 -- 2,943 (5.4) 2,943 4,732 3.1 116 1,848 268,702 55.1 183,757 36,229 48,716 56.8 24,900,000 96
17 9 Securities America 199,100 (10.7) 125,700 (7.1) 11,900 (1.7) 9,100 2,300 47,400 (26.9) 45,700 1,700 2,300 (20.7) 11,800 49.4 9,440 158,500 (8.2) 73,000 80,900 42.2 14,561,563 91
18 11 Royal Alliance Associates 194,749 (4.7) 68,021 (13.3) 8,860 (6.4) 6,999 1,861 93,605 (1.8) 89,646 500 4,238 (23.0) -- -- 12,080 34.4 -- 11,470 -- 160,837 6.0 107,316 -- 53,521 43.8 18,023,633 66
19 13 Cetera Advisor Networks 187,252 (1.6) -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 137,928 4.9 -- -- -- 0.0 -- 51
20 10 Cambridge Investment Research 185,699 17.0 55,988 9.4 8,542 (20.9) 4,457 1,486 84,586 18.7 66,016 371 6,314 (6.6) 4,457 4,457 620.3 14,670 4,828 230,681 10.5 161,476 20,761 48,443 55.4 25,400,000 90
21 29 Transamerica Financial Advisors 180,119 44.2 42,473 8.9 2,690 (10.7) -- -- 129,321 64.1 -- -- -- 0.0 -- -- 5,635 36.5 -- -- -- 52,493 72.5 -- -- -- 0.0 6,183,141 --
22 17 Waddell & Reed Financial 177,057 (3.7) 118,238 2.7 2,308 74.8 1,389 305 43,713 (21.6) 42,101 1,612 12,797 6.6 12,797 0.0 122,247 33.8 12,124 103,716 39.6 10,135,411 88
23 26 Invest Financial 170,475 6.8 43,686 11.7 8,975 (4.3) 6,040 2,274 95,560 3.8 77,330 12,280 2,560 (5.5) 182 2,306 19,693 20.8 8 9,235 262 43,726 16.4 19,011 -- 24,715 18.7 4,538,414 74
24 27 Cetera Financial Institutions 146,582 9.0 -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 10,586 20.0 -- -- -- 0.0 -- 23
25 19 FSC Securities 145,720 (3.0) 44,912 (13.6) 6,565 (10.7) 5,535 899 72,265 0.5 67,759 506 4,181 (3.1) -- -- 12,745 15.6 -- 12,745 -- 87,776 0.1 68,027 -- 19,749 35.7 10,910,877 90
26 24 SagePoint Financial 145,601 (2.7) 50,208 (6.9) 6,720 (6.8) 6,242 478 71,664 (3.3) 65,751 852 5,213 (7.8) -- -- 8,063 38.2 -- 7,028 -- 64,810 12.1 42,193 -- 22,616 30.3 6,775,439 59
27 23 First Allied Securities 141,493 (3.1) 27,230 3.6 31,002 (6.7) 19,774 5,919 56,102 (4.7) 54,493 1,610 6,945 (9.6) 272 6,670 4,237 39.2 129 15,036 812 68,072 (3.7) 68,072 -- -- 33.3 6,266,941 35
28 22 H.D. Vest Investment ServicesSM 132,999 (2.5) 71,224 (1.8) 6,454 (16.3) -- -- 53,617 (2.4) -- -- -- 0.0 -- -- 0.0 -- -- -- 87,016 8.1 82,210 -- 4,805 54.4 6,757,276 --
29 34 M Holdings Securities 120,392 5.0 5,054 (0.1) 1,133 (16.1) 1,023 82 13,169 (12.4) 7,218 164 100,793 8.3 -- 100,365 114 54.9 107 7 -- 9,011 32.6 5,235 993 2,591 6.8 983,576 --
30 28 Cetera Advisors 117,553 22.3 -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 72,442 32.2 -- -- -- 0.0 -- 43
31 30 SII Investments 112,045 8.8 23,749 7.9 2,459 2.1 1,663 494 69,178 4.4 64,364 3,124 2,334 (3.6) 81 2,251 14,326 44.6 -- 9,402 580 40,780 13.6 14,695 -- 26,085 24.4 4,326,505 73
32 31 Park Avenue Securities 111,603 8.2 22,796 1.0 1,902 (6.8) 1,781 121 85,402 11.8 85,402 -- 1,504 (28.5) -- -- -- 0.0 -- -- -- 36,833 12.5 5,070 5,698 26,064 25.1 4,565,468 65
33 32 Cadaret Grant 102,361 (0.7) 48,078 3.6 6,974 (15.8) 5,103 1,115 42,656 (2.0) 41,071 938 3,453 11.6 289 2,634 1,200 (32.7) -- 1,200 -- 28,380 10.4 21,996 398 5,987 21.5 2,821,305 69
34 44 CUSO Financial Ser 94,039 0.0 -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 7,322 0.0 -- -- -- 0.0 -- --
35 37 CUNA Brokerage Services 93,351 3.9 20,000 16.3 2,200 (82.5) 1,100 100 62,900 (7.9) -- -- -- (100.0) -- -- -- (100.0) -- -- -- 15,080 (1.8) -- -- -- 0.0 -- 85
36 35 American Portfolios Financial Services 91,495 4.3 28,034 5.3 10,220 (3.7) 7,359 1,943 38,631 2.3 34,002 774 2,004 (15.1) 12 1,992 451 474.3 -- 3,248 145 38,825 14.9 26,692 -- 12,133 29.8 3,480,945 70
37 36 Ameritas Investment 91,015 4.0 22,149 (1.0) 7,003 2.1 1,603 5,400 41,337 (1.6) 38,251 -- 11,362 29.5 -- -- 7,307 87.7 -- 7,307 -- 26,337 11.1 16,592 -- 9,745 21.4 3,081,497 52
38 45 Centaurus Financial 88,001 4.2 9,463 12.7 1,491 (5.4) 573 127 50,136 (2.9) 39,728 10,408 5,145 2.2 223 4,923 17,117 25.5 13,259 16,369 18.0 6,544 9,825 13.3 1,945,031 55
39 33 NEXT Financial Group 82,994 (6.5) 23,726 2.3 8,399 (20.5) 6,248 2,152 45,253 (5.3) 42,673 2,580 1,455 (31.0) -- -- 4,160 (18.7) 3,059 1 31,829 (0.7) 16,551 15,278 26.8 3,248,815 77
40 41 CFG/H. Beck 82,683 4.6 25,559 (2.7) 3,800 (7.6) 2,394 1,405 38,513 6.9 36,174 237 1,827 (23.8) -- 1,827 12,984 27.1 -- -- -- 19,917 5.4 19,917 -- -- 19.4 1,366,848 53
41 38 ProEquities 82,190 5.8 12,585 22.2 6,021 0.2 1,702 4,319 26,688 (4.5) 25,597 162 3,642 30.1 -- 3,642 6,868 8.6 -- 4,622 -- 18,201 0.8 7,262 2,566 8,373 17.3 2,075,000 61
42 42 Allstate Financial Services 80,658 (16.8) 17,063 6.0 344 (18.5) -- -- 56,263 (22.8) -- -- 6,003 (12.9) -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- --
43 50 Investors Capital 63,843 (0.5) 15,794 10.9 15,161 (10.5) 10,585 4,577 28,109 (4.2) 26,617 1,492 115 53.8 -- -- 4,663 2.2 -- 2,867 -- 16,147 0.8 11,223 1,324 1,810 17.3 1,500,000 75
44 49 Investment Centers of America 63,787 2.0 19,132 5.7 4,368 (4.6) 2,818 1,280 26,536 (4.9) 21,399 3,788 5,823 29.1 429 5,216 7,928 6.7 -- 5,349 139 15,611 17.1 10,084 -- 5,527 17.9 1,769,510 85
45 40 Triad Advisors 63,635 21.6 9,752 (23.1) 6,858 29.0 4,777 1,200 -- (100.0) -- -- -- 0.0 -- -- -- 0.0 -- -- -- 53,032 12.9 -- -- -- 0.0 -- 86
46 53 Questar Capital 61,826 0.0 11,325 3.0 1,818 0.0 1,625 155 44,830 0.0 22,100 330 332 0.0 -- -- 3,521 0.0 -- 3,000 24 8,390 0.0 3,800 1,400 2,300 10.4 -- 57
47 39 Cetera Financial Specialists 56,892 (0.1) -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 41,643 (0.5) -- -- -- 0.0 -- 60
48 43 VSR Financial Services 55,812 (3.9) 10,651 (1.9) 5,783 9.4 4,337 1,330 16,709 (2.7) 16,709 -- 3,928 (8.5) 261 -- 18,741 (9.6) -- 10,686 974 36,680 2.9 20,046 -- 16,634 35.2 3,792,423 89
49 52 Summit Brokerage Services 54,500 4.8 10,000 11.1 13,400 (3.6) 9,900 3,500 22,000 1.4 20,100 1,900 3,000 0.0 -- 3,000 2,500 31.6 -- 2,500 -- 14,000 6.9 14,000 -- -- 20.8 1,550,000 93
50 46 Securities Service Network 53,634 2.2 15,704 7.0 2,224 (43.9) 1,303 635 32,978 2.9 31,048 1,930 0.0 2,728 53.4 2,728 32,944 11.7 25,092 7,852 36.9 6,199,371 82
51 55 Investacorp 53,447 8.5 19,049 0.9 18,974 23.5 17,210 1,764 21,682 (0.8) 20,251 1,430 -- 0.0 -- -- 7,427 124.1 -- -- -- 15,503 19.0 8,681 4,462 2,360 18.8 1,498,038 48
52 51 Sigma Financial 53,369 5.1 14,952 5.4 4,020 (9.8) 2,611 1,265 27,749 (1.1) 27,154 595 -- 0.0 -- -- 6,054 80.7 -- -- -- 21,111 11.7 12,397 -- 7,982 27.7 1,908,299 72
53 57 J.P. Turner 53,077 3.9 4,118 (5.7) 23,545 (15.5) 13,029 9,653 11,722 6.6 10,550 1,172 4 (95.8) 58 12,968 88.7 8,962 47 4,405 23.3 2,908 1,497 6.7 312,000 35
54 59 Independent Financial Group 50,848 19.5 9,633 8.1 2,852 30.6 1,168 346 21,395 0.8 20,222 220 996 (36.0) 28 1,012 15,972 84.1 -- 11,030 -- 17,853 18.6 12,202 -- 10,659 27.3 2,286,107 34
55 61 O.N. Equity Sales 49,594 6.7 13,449 3.6 1,168 (8.3) 293 875 31,187 7.4 31,187 -- 200 (2.7) -- -- 3,591 20.6 -- 3,591 -- 2,439 (41.1) -- -- 4,133 7.2 400,878 --
56 48 Geneos Wealth Management 48,056 9.9 2,538 (73.8) 1,372 (41.7) 896 77 13,864 18.4 11,709 2,155 857 (46.5) 51 800 7,048 29.2 -- 3,443 957 44,795 19.1 19,711 -- 25,084 60.2 4,500,000 99
57 58 Williams Financial Group 44,150 15.5 3,500 16.7 20,400 11.5 8,000 8,900 6,800 25.9 6,000 800 550 41.9 140 410 12,900 16.0 50 4,200 50 20,200 18.1 13,200 7,000 27.2 1,655,000 75
58 56 United Planners Financial Services 41,792 (8.9) 8,576 (25.1) 2,645 (72.3) 2,645 22,656 11.2 20,605 1,408 1,119 (56.4) -- 1,119 4,027 110.9 4,027 -- 27,935 40.3 27,935 -- -- 39.4 3,598,252 90
59 63 J.W. Cole Financial 41,777 8.9 11,138 9.9 886 3.3 336 424 24,197 9.6 14,538 9,659 3,710 4.0 263 3,448 1,846 7.0 1,466 9,775 15.0 5,927 -- 3,545 18.0 997,546 68
60 60 Berthel Fisher & Company Financial Services 41,115 0.8 9,988 (0.3) 6,906 (6.9) 6,013 893 5,656 (32.3) 5,418 129 140 (46.6) 2 -- 7,586 (3.1) -- 10,794 -- 8,124 0.4 3,250 -- 4,875 16.5 1,000,000 65
61 54 KMS Financial Services 38,595 (0.1) 20,235 (0.8) 2,774 (10.7) 971 693 15,414 4.3 14,472 942 77 (10.3) 77 73 (74.4) 40 33 30,578 13.4 20,249 7,917 42.2 3,439,495 90
62 65 Sterne Agee Financial Services 34,235 0.0 9,793 0.0 15,912 0.8 7,226 3,948 8,115 0.0 7,460 655 445 0.0 0.0 90 5,245 0.0 622 3,622 1,001 13.4 5,100 75
63 67 Sammons Securities 32,252 0.0 7,367 4.2 964 (16.8) 461 502 18,594 0.5 18,369 112 2,054 0.6 -- -- 3,190 10.7 -- -- -- 0.0 -- -- -- 0.0 -- --
64 62 The Investment Center 30,596 (1.9) 11,798 (2.1) 6,768 (2.1) 5,123 752 12,597 (2.1) 12,597 -- -- 0.0 -- -- -- 0.0 -- 106 -- 16,266 2.7 12,199 -- 4,066 34.9 1,400,000 65
65 66 Kovack Securities 27,383 9.4 6,186 69.3 10,396 16.9 4,739 3,783 11,378 16.8 6,186 825 1,372 170.0 23 16 2,474 10.8 2,474 13,856 11.9 8,244 916 4,580 32.0 13,739 52
66 69 LaSalle St. Securities 27,268 1.5 13,289 (5.4) 7,615 (2.8) 6,252 1,362 6,364 27.2 -- -- 6,364 27.2 -- -- -- 0.0 -- -- -- 4,649 (2.4) 3,487 697 465 18.2 575,226 97
67 68 Crown Capital Securities, L.P. 25,496 2.7 7,016 1.5 1,071 (2.8) 844 190 12,761 (0.7) 12,332 389 483 10.8 -- 290 4,166 18.1 -- 2,113 -- 8,613 10.4 4,166 -- 3,913 21.4 806,853 75
68 71 Harbour Investments 25,079 7.3 9,380 15.8 1,280 (48.8) 1,050 150 11,574 (4.4) 9,950 1,400 370 2.8 30 340 25 0.0 500 5,230 18.9 2,100 1,600 1,500 18.4 910,000 51
69 70 Prospera Financial Services 22,498 3.7 -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 8,278 3.7 -- -- -- 0.0 -- 95
70 73 Capital Investment 22,003 17.5 -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 4,001 3.7 -- -- -- 0.0 617,942 30
71 64 PlanMember Securities 19,808 18.3 5,269 18.6 40 0.0 -- -- 14,065 18.3 13,503 562 -- 0.0 -- -- -- 0.0 -- 340 -- 29,419 11.1 770 24,249 4,400 59.8 2,600,000 100
72 72 The Strategic Financial Alliance 14,473 15.2 2,506 16.6 699 (18.3) 542 29 4,750 1.7 4,601 149 1,205 53.8 51 1,154 7,857 32.5 2,021 34 12,740 12.7 2,309 10,267 39.4 1,218,042 86
73 74 Broker Dealer Financial Services Corp. 13,023 (5.9) 4,836 7.2 3,744 (7.2) 2,677 1,068 3,663 (23.7) 3,386 277 195 (36.1) 19 175 -- 0.0 -- -- -- 2,125 3.3 1,675 450 14.6 249,833 43
74 76 Larson Financial Securities 11,400 60.6 67 34.0 11,398 61.1 -- -- 396 38.5 396 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- --
75 75 Founders Financial Securities 7,533 (27.6) -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 8,783 149.1 -- -- -- 0.0 -- 93
76 47 National Securities -- 0.0 3,129 (14.6) 60,523 (7.5) 53,424 5,787 4,920 33.7 4,458 182 366 10.8 9 260 -- 0.0 87 0.0 -- -- -- 0.0 -- --
77 -- Lincoln Investment -- 0.0 -- 0.0 -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- --
78 -- WRP Investments -- 0.0 -- (100.0) -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- 0.0 -- -- -- -- 0.0 -- -- -- 0.0 -- --
-- Does not apply
( ) Indicates negative number
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