Updated Wednesday, May 22, 2013 as of 9:36 AM ET
Top Independent Broker-Dealers By Revenue in 2011
by: Editorial Staff
Friday, June 17, 2011
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Here are the top 84 independent broker-dealers -- listed by revenue rank -- that participated in Financial Planning's 2011 survey along with their corporate contact information, top executives, clearing provider and other key data. Where does your firm rank on this year's list?

Or, if you prefer, you can also review an alphabetical listing of the nation's top independent broker-dealers.

From LPL Financial (No. 1) to Larson Financial Securities (No. 84), here's the 2011 roster:

LPL FINANCIAL

1 Beacon Street, 22nd Fl.

Boston, MA 02108

Phone 888-250-2420

Website joinlpl.com

Year founded 1968

CEO/president Mark Casady

Recruiting executive William Morrissey

Clearing firm LPL Financial

Parent co. LPL Holdings

2011 total revenue rank 1

 

AMERIPRISE FINANCIAL SERVICES

707 Second Avenue S.

Minneapolis, MN 55474

Phone 612-671-3131

Website ameriprise.com

Year founded 1894

CEO/president James Cracchiolo

Recruiting executive Dave Manish

Parent co. Ameriprise Financial

2011 total revenue rank 2

 

RAYMOND JAMES FINANCIAL SERVICES

880 Carillon Pkwy

St. Petersburg, FL 33716

Phone 800-998-7537

Website advisorchoice.com

Year founded 1974

CEO/president Richard G. Averitt III

Recruiting executive Bill Van Law

Clearing firm Raymond James

Parent co. Raymond James Financial

2011 total revenue rank 3

 

 

COMMONWEALTH FINANCIAL NETWORK

29 Sawyer Rd.

Waltham, MA 02453

Phone 866-462-3638

Website commonwealth.com

Year founded 1979

CEO/president Wayne M.Bloom

Recruiting executive Andrew Daniels

Clearing firm National Financial

2011 total revenue rank 4

 

AXA ADVISORS

1290 Ave. of the Americas

New York, NY 10104

Phone 212-554-1234

Website axa-equitable.com

Year founded 1999

CEO/president Christine Nigro

Recruiting executive Monica Valdes

Clearing firm LPL Financial

Parent co. AXA Financial

2011 total revenue rank 5

 

MetLife Securities

1095 Ave. of the Americas

New York, NY 10036

Phone 888-883-4684

Website metlife.com

Year founded 1983

CEO/president John J. Brett

Recruiting executive Alyssa Garrick

Clearing firm Pershing

Parent co. MetLife

 2011 total revenue rank 6

 

SECURITIES AMERICA

12325 Port Grace Blvd.

La Vista, NE 68128

Phone 402-399-9111

Website joinsai.com

Year founded 1984

CEO/president James Nagengast

Recruiting executive Gregg Johnson

Clearing firm National Financial, Pershing

Parent co. Ameriprise Financial

2011 total revenue rank 7

 

 

NORTHWESTERN MUTUAL

720 E. Wisconsin Ave.

Milwaukee, WI 53202

Phone 800-323-7033

Website northwesternmutual.com

Year founded 1968

CEO/president Cal Schmidt

Recruiting executive Cynthia A. Criss

Clearing firm Pershing

Parent co. Northwestern Mutual

2011 total revenue rank 8

 

WELLS FARGO ADVISORS FINANCIAL NETWORK

1 North Jefferson St.

St. Louis, MO 63109

Phone 866-485-5383

Website wfafinet.com

Year founded 2001

CEO/president John Peluso

Recruiting executive Ron Sallet/Alex David

Parent co. Wells Fargo

2011 total revenue rank 9

 

 

NFP ADVISOR SERVICES (and affiliates)

1250 S. Capital of Texas Hway., Bldg. 2, Ste.125

Austin, TX 78746

Phone 512-697-6000

Website nfp.com

Year founded 1996

CEO/president James Poer

Recruiting executive Kenneth Jones

Clearing firm National Financial

Parent co. NFP

2011 total revenue rank 10

 

CAMBRIDGE INVESTMENT RESEARCH

1776 Pleasant Plain Rd.

Fairfield, IA 52556

Phone 800-777-6080

Website joincambridge.com

Year founded 1981

CEO/president Eric Schwartz

Recruiting executive Kyle Selberg

Clearing firm National Financial, Pershing

2011 total revenue rank 11

 

ROYAL ALLIANCE ASSOCIATES

1 World Financial Center, 15th Fl.

New York, NY 10281


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