Top Five Independent Broker-Dealer Firms in 2013

Posted on July 1st, 2014 at 9:00 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

According to a survey by InvestmentNews for 2013, the top five Independent broker-dealers firms ranked by total account assets are:

  1. LPL Financial, with total account assets of $437,906.7 M
  2. Raymond James Financial Services Inc., with total account assets of $191,660.5M
  3. Northwestern Mutual, with total account assets of $100,090.9M
  4. Commonwealth Financial Network, with total account assets of $85,992.0M
  5. Wells Fargo Advisors Financial Network, with total account assets of $76,700.0M

Likewise, the top five independent broker-dealers firms ranked by percentage change on total account assets from 2012 are:

  1. Signator Investors Inc., with an increase of 161.0% in total account assets
  2. Cetera Advisor Networks, with an increase of 65.9% in total account assets
  3. Cambridge Investment Research Inc., with an increase of 25.1% in total account assets
  4. Waddell & Reed Financial Advisors, with an increase of 24.8% in total account assets
  5. Wells Fargo Advisors Financial Network, with an increase of 21.0% in total account assets

Finally, the top five independent broker-dealer firms ranked by percentage change on fee-based assets from 2012 are:

  1. Waddell & Reed Financial Advisors, with an increase of 42.2% in fee-based assets
  2. Cetera Financial Institutions, with an increase of 40.8% in fee-based assets
  3. Cambridge Investment Research Inc., with an increase of 37.8% in fee-based assets
  4. Northwestern Mutual, with an increase of 31.9% in fee-based assets
  5. Signator Investors Inc., with an increase of 30.5% in fee-based assets

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 50 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

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