Ranking the TPMs by Number of Advisors
Published September 29, 2014 5:03 PM
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Updated August 10, 2016 10:41 AM
1 Min Read
Ranking the TPMs by Number of Advisors
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 number of financial consultants they employ and/or manage.
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Read the full story here or see a single-page version of this slideshow here.
11. Essex National Securities
Total Financial Consultants (year-end 2013): 131
Share of All TPM-Affiliated Advisors: 2.2%
Market Share Gain/Loss from 2012: (.1%)
Share of All TPM-Affiliated Advisors: 2.2%
Market Share Gain/Loss from 2012: (.1%)
10. Securities America
Total Financial Consultants (year-end 2013): 146
Share of All TPM-Affiliated Advisors: 2.4%
Market Share Gain/Loss from 2012: N/A
Share of All TPM-Affiliated Advisors: 2.4%
Market Share Gain/Loss from 2012: N/A
9. Cetera Advisor Networks
Total Financial Consultants (year-end 2013): 228
Share of All TPM-Affiliated Advisors: 3.8%
Market Share Gain/Loss from 2012: unchanged
Share of All TPM-Affiliated Advisors: 3.8%
Market Share Gain/Loss from 2012: unchanged
8. INVEST Financial
Total Financial Consultants (year-end 2013): 345
Share of All TPM-Affiliated Advisors: 5.7%
Market Share Gain/Loss from 2012: (.1%)
Share of All TPM-Affiliated Advisors: 5.7%
Market Share Gain/Loss from 2012: (.1%)
7. Investment Professionals
Total Financial Consultants (year-end 2013): 346
Share of All TPM-Affiliated Advisors: 5.7%
Market Share Gain/Loss from 2012: unchanged
Share of All TPM-Affiliated Advisors: 5.7%
Market Share Gain/Loss from 2012: unchanged
6. Investment Centers of America
Total Financial Consultants (year-end 2013): 360
Share of All TPM-Affiliated Advisors: 5.9%
Market Share Gain/Loss from 2012: .3%
Share of All TPM-Affiliated Advisors: 5.9%
Market Share Gain/Loss from 2012: .3%
5. CUNA Brokerage Services
Total Financial Consultants (year-end 2013): 375
Share of All TPM-Affiliated Advisors: 6.2%
Market Share Gain/Loss from 2012: (.8%)
Share of All TPM-Affiliated Advisors: 6.2%
Market Share Gain/Loss from 2012: (.8%)
4. CUSO Financial Services
Total Financial Consultants (year-end 2013): 608
Share of All TPM-Affiliated Advisors: 10%
Market Share Gain/Loss from 2012: .9%
Share of All TPM-Affiliated Advisors: 10%
Market Share Gain/Loss from 2012: .9%
3. Raymond James
Total Financial Consultants (year-end 2013): 632
Share of All TPM-Affiliated Advisors: 10.4%
Market Share Gain/Loss from 2012: (.5%)
Share of All TPM-Affiliated Advisors: 10.4%
Market Share Gain/Loss from 2012: (.5%)
2. Cetera Investment Services
Total Financial Consultants (year-end 2013): 637
Share of All TPM-Affiliated Advisors: 10.5%
Market Share Gain/Loss from 2012: 3.6%
Share of All TPM-Affiliated Advisors: 10.5%
Market Share Gain/Loss from 2012: 3.6%
1. LPL Financial
Total Financial Consultants (year-end 2013): 2,268
Share of All TPM-Affiliated Advisors: 37.3%
Market Share Gain/Loss from 2012: 1.7%
Share of All TPM-Affiliated Advisors: 37.3%
Market Share Gain/Loss from 2012: 1.7%
