
FP50 2016: Which IBDs have the most client assets?
The survey also showed that AUM growth has been lackluster across the industry — four IBDs reported a decline, compared to the prior year. Click through to see how the firms stack up against each other.
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Data is of year-end 2015.

10. Royal Alliance Associates
% Change: -4.3%

9. Securities America
% Change: 2.1%

8. Northwestern Mutual Investment Services
% Change: 2.4%

7. Kestra Financial
% Change: 5.2%

6. MML Investors Services
% Change: -1.1%

5. Cetera Advisor Networks
% Change: -3.6%

4. Commonwealth Financial Network
% Change: 4.8%

3. AXA Advisors
% Change: -1.1%

2. Raymond James Financial Services
% Change: 1.8%

1. LPL Financial
% Change: 0.1%