IBDs with the richest accounts
June 22, 2016 3:15 PM
FP50 2016: Which IBDs have the biggest client accounts?
Some independent broker-dealers specialize in high-end clients. See which firms reported the highest share of accounts topping $100,000 — and their total client assets. Data are as of year-end 2015. For more in-depth coverage, please see our cover story, A shakout for the nation's biggest IBDs and list of Top 10 IBDs by revenue growth . We welcome your insights in the comment section.
10. Securities Service Network
Total Client Assets ($000): $13,475,627
% of Accounts >$100K: 22%
% of Accounts >$100K: 22%
9. Lincoln Investment Planning
Total Client Assets ($000): $23,716,000
% of Accounts >$100K: 22%
% of Accounts >$100K: 22%
8. LPL Financial
Total Client Assets ($000): $475,565,604
% of Accounts >$100K: 24%
% of Accounts >$100K: 24%
7. Commonwealth Financial Network
Total Client Assets ($000): $101,400,000
% of Accounts >$100K: 26%
% of Accounts >$100K: 26%
6. Northwestern Mutual Investment Services
Total Client Assets ($000): $59,570,755
% of Accounts >$100K: 31%
% of Accounts >$100K: 31%
5. Cadaret Grant
Total Client Assets ($000): $7,423,050
% of Accounts >$100K: 36%
% of Accounts >$100K: 36%
4. American Portfolios Financial Services
Total Client Assets ($000): $21,523,975
% of Accounts >$100K: 40%
% of Accounts >$100K: 40%
3. MML Investors Services
Total Client Assets ($000): $70,677,555
% of Accounts >$100K: 40%
% of Accounts >$100K: 40%
2. Kovack Securities
Total Client Assets ($000): $7,619,151
% of Accounts >$100K: 45%
% of Accounts >$100K: 45%
1. Waddell & Reed Financial Advisors
Total Client Assets ($000): $49,804,683
% of Accounts >$100K: 82%
% of Accounts >$100K: 82%
