Ranking the TPMs by Revenue

Published September 29, 2014 7:39 AM

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Updated December 29, 2016 4:35 AM

1 Min Read

The nation's 11 largest third-party broker dealersalso known as third-party marketers or "TPMs"support the investment and insurance services business of some 2,640 banks and credit unions, according to a survey by Kehrer Bielan Research & Consulting (formerly Kehrer Saltzman & Associates). Here's how they stack up in terms of the revenue they produced in 2013.

Read related story (TPMs Look for Organic Growth) here or view in a single-page version here.

11. Securities America

2013 Revenue: $24 million
Share of All TPM Revenue: 1.4%
Market Share Gain/Loss from 2012: NA

10. Cetera Advisor Networks

2013 Revenue: $36 milliion
Share of All TPM Revenue: 2.1%
Market Share Gain/Loss from 2012: (.1%)

9. Essex National Securities

2013 Revenue: $41 million
Share of All TPM Revenue: 2.4%
Market Share Gain/Loss from 2012: (.2%)

8. Investment Professionals

2013 Revenue: $56 million
Share of All TPM Revenue: 3.3%
Market Share Gain/Loss from 2012: unchanged

7. Investment Centers of America

2013 Revenue: $71 million
Share of All TPM Revenue: 4.1%
Market Share Gain/Loss from 2012: .3%

6. INVEST Financial

2013 Revenue: $98 million
Share of All TPM Revenue: 5.7%
Market Share Gain/Loss from 2012: unchanged

5. CUNA Brokerage Services

2013 Revenue: $143 million
Share of All TPM Revenue: 8.3%
Market Share Gain/Loss from 2012: .4%

4. CUSO Financial Services

2013 Revenue: $157 million
Share of All TPM Revenue: 9.2%
Market Share Gain/Loss from 2012: .9%

3. Raymond James

2013 Revenue: $240 million
Share of All TPM Revenue: 14%
Market Share Gain/Loss from 2012: unchanged

2. Cetera Investment Services

2013 Revenue: $247 million
Share of All TPM Revenue: 14.4%
Market Share Gain/Loss from 2012: 1.6%

1. LPL Financial

2013 Revenue: $603 million
Share of All TPM Revenue: 35.2%
Market Share Gain/Loss from 2012: (.9%)

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