What are the top independent broker-dealers?
LPL Financial LLC
Rankings
| Firm | Reps ▼ | |
|---|---|---|
| 1 | LPL Financial LLC | 16,464 |
| 2 | Lincoln Financial Network | 9,046 |
| 3 | Northwestern Mutual Investment Services | 7,794 |
| 4 | Ameriprise Financial Services, LLC | 7,740 |
What are independent broker-dealers?
Independent broker-dealers were created to accommodate financial advisors who carry securities licenses and need back-office support for services such as compliance and trade execution. These firms typically cater to more experienced advisors who generate high streams of revenue from a sophisticated client base.
Who are the top broker-dealers?
Ranking Broker-Dealers
| Top 15 Broker-Dealers by Assets Under Management | ||
|---|---|---|
| Brokerage | AUM | Date |
| Wells Fargo Advisors | $1.8 trillion | March 31, 2021 |
| Edward Jones | $1.5 trillion | Dec. 31, 2020 |
| TD Ameritrade | $1.4 trillion | Sept. 30, 2019 |
Is Edward Jones an independent broker-dealer?
Edward Jones is a registered broker- dealer and investment adviser. Edward Jones offers investment advisory services through our investment advisory programs.
Who is the largest independent broker-dealer?
LPL Financial
The largest independent broker-dealers in the United States in 2020, by gross revenue, was LPL Financial. The firm had around 5.87 billion U.S. dollars of gross revenue, and was followed by Ameriprise Financial, with gross revenues of around 5.04 billion U.S. dollars.
Is Charles Schwab a broker-dealer?
Charles Schwab & Co., Inc. (Schwab) is a broker-dealer registered with the Securities and Exchange Commission (SEC). Our broker- age and investment advisory services and fees differ, and we believe it is important for you to understand those differences.
Is Morgan Stanley a broker-dealer?
Morgan Stanley is registered as both a broker-dealer and as an investment adviser under federal and state securities laws, and we provide services in both capacities.
How much do independent brokers make?
Independent Broker Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $108,500 | $9,041 |
| 75th Percentile | $96,000 | $8,000 |
| Average | $80,213 | $6,684 |
| 25th Percentile | $58,000 | $4,833 |
Is Morgan Stanley better than Edward Jones?
Employee Ratings Morgan Stanley scored higher in 5 areas: Overall Rating, Career Opportunities, CEO Approval, % Recommend to a friend and Positive Business Outlook. Edward Jones scored higher in 3 areas: Work-life balance, Senior Management and Culture & Values. Both tied in 1 area: Compensation & Benefits.
Is Fidelity a broker-dealer?
Unless we specifically state otherwise, Fidelity is acting as a broker-dealer with respect to your account and as a broker-dealer and insurance agent with respect to any insurance product.
What is an example of a broker dealer?
The broker-dealer will mark up the bond and earn a spread between what he, she, or it paid for the bond and what he, she, or it charges the customer who ultimately comes along and decides to buy the bond. Another famous example of broker-dealers acting as dealers, or principals, is a market maker.
What is a registered broker dealer?
A dually-registered broker-dealer is a natural person (an individual) or a firm (a general partnership, limited partnership, limited liability company, corporation, or other entity) that is registered both as a broker-dealer and as a Registered Investment Advisor.
What are the top brokerage firms?
They are often referred to as the “big four brokerages.”. Each of these firms, Charles Schwab, Fidelity Investments, E*TRADE, and TD Ameritrade, comprise the top in terms of customers and assets. This short article outlines the products, services and fee structure of each brokerage.
Are independent sponsors unlicensed securities brokers?
If that were true, then the independent sponsor could be considered an unregistered securities broker. Let’s break this down. The general rule is that a person or entity cannot “sell securities for the account of others” unless that person or entity is properly licensed.