How RCS Shakes Up the FP50 Rankings
Because the FP50 reflects year-end 2013 revenues and most of the deals didn't close until 2014, RCS's new heft didn't register in the overall rankings. But adding up the 2013 revenue numbers for Schorsch's various acquisitions yields an aggregated total of $1.59 billion. That would put RCS in the equivalent of the No. 3 position, elbowing Raymond James Financial Services down a notch.
Every year we run the numbers to see how the top 10 list would change if the B-D networks aggregated their revenue numbers. This year we added another twist, looking at how the rankings would be affected if the new RCS network had in fact been put together before the end of the year. Click through to see the fallout; to see the revised rankings in a single graphic, click here.
1. LPL Financial LLC
2013 Total Revenues ($000): $4,051,300
2. Ameriprise Financial
2013 Total Revenues ($000): $3,241,113
3. RCS Capital
2013 Total Revenues ($000): $1,589,444
4. Raymond James
2013 Total Revenues ($000): $1,351,716
5. AIG Advisor Group
2013 Total Revenues ($000): $1,254,137
6. National Planning Holdings
2013 Total Revenues ($000): $963,550
7. Commonwealth Financial Network
2013 Total Revenues ($000): $822,115
8. Ladenburg Thalmann Financial Services
2013 Total Revenues ($000): $721,634
9. Wells Fargo Advisors Financial Network
2013 Total Revenues ($000): $707,320
10. AXA Asvisors
2013 Total Revenues ($000): $676,900