The biggest IBDs
August 2, 2016 3:45 PM
FP50 2016: The country’s largest independent broker-dealers
Among the nation’s largest IBDs by revenue, these 20 rise to the top. Only four of them have revenue of more than $1 billion.
For more in-depth coverage, please seeA shakeout for the nation's-biggest IBDs . Take a deep dive into the data with our list of Top 10 IBDs by revenue growth , the IBDs with the richest accounts , IBDs with the highest-producing reps IBDs with the fastest-growing payouts .
Data is as of year-end 2015.
For more in-depth coverage, please see
Data is as of year-end 2015.
20. SagePoint Financial
Total Revenue ($000): $312,337
% Change: 2.2%
% Change: 2.2%
19. Princor Financial Services
Total Revenue ($000): $314,137
% Change: 1.6%
% Change: 1.6%
18. Securian Financial Services
Total Revenue ($000): $315,186
% Change: 1.6%
% Change: 1.6%
17. HD Vest Financial Services
Total Revenue ($000): $319,739
% Change: 4.9%
% Change: 4.9%
16. MML Investors Services
Total Revenue ($000): $388,712
% Change: 1.1%
% Change: 1.1%
15. Voya Financial Advisors
Total Revenue ($000): $406,399
% Change: -0.5%
% Change: -0.5%
14. National Planning
Total Revenue ($000): $407,786
% Change: -0.2%
% Change: -0.2%
13. Kestra Financial
Total Revenue ($000): $425,451
% Change: 7.6%
% Change: 7.6%
12. Royal Alliance Associates
Total Revenue ($000): $461,218
% Change: -0.6%
% Change: -0.6%
11. Waddell & Reed Financial Advisors
Total Revenue ($000): $526,107
% Change: 5.2%
% Change: 5.2%
10. Securities America
Total Revenue ($000): $551,900
% Change: 5.0%
% Change: 5.0%
9. Cetera Advisor Networks
Total Revenue ($000): $558,974
% Change: -1%
% Change: -1%
8. Cambridge Investment Research
Total Revenue ($000): $698,144
% Change: 7.2%
% Change: 7.2%
7. AXA Advisors
Total Revenue ($000): $746,903
% Change: 3.3%
% Change: 3.3%
6. Northwestern Mutual Investment Services
Total Revenue ($000): $804,672
% Change: 7.5%
% Change: 7.5%
5. Lincoln Financial Network
Total Revenue ($000): $854,613
% Change: 4.6%
% Change: 4.6%
4. Commonwealth Financial Network
Total Revenue ($000): $1,006,830
% Change: 5.9%
% Change: 5.9%
3. Raymond James Financial Services
Total Revenue ($000): $1,731,968
% Change: 10.7%
% Change: 10.7%
2. Ameriprise Financial Services
Total Revenue ($000): $3,919,124
% Change: 4.8%
% Change: 4.8%
1. LPL Financial
Total Revenue ($000): $4,202,641
% Change: -2.1%
% Change: -2.1%
