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 is the best broker-dealer?
Assets
Ranking Broker-Dealers
| Top 15 Broker-Dealers by Assets Under Management | ||
|---|---|---|
| Brokerage | AUM | Date |
| Fidelity Investments | $11.1 trillion | June 30, 2021 |
| Charles Schwab | $6.7 trillion | Dec. 31, 2020 |
| Wells Fargo Advisors | $1.8 trillion | March 31, 2021 |
Who is the largest broker-dealer in the US?
Fidelity Investments The company has $10.4 trillion in total customer assets. This is the largest broker-dealer in the United States.
What is an Independent broker-dealer?
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 is the biggest brokerage firm?
Fidelity Investments
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 analyzes the products, services, and fee structure of each brokerage.
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 JP Morgan a broker dealer?
J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC.
