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.
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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%)
