GAME CHANGER
AMERICA’S BIGGEST INDEPENDENT BROKER-DEALERS
GAME CHANGER AS GROWTH HAS SURGED THROUGHOUT THE INDUSTRY, A NEW PLAYER HAS EMERGED TO SHAKE UP THE FP50 RANKINGS. NICHOLAS SCHORSCH DETAILS HIS BIG PLANS FOR RCS.
INVESTED IN ADVISORS / JUNE 2014
FINANCIALPLANNING.COM / @FINPLAN
TOTAL REVENUES FP50 RANK TOTAL REVENUES 2014 2013 COMPANY $000S %CHANGE
COMMISSION REVENUE FEE REVENUE OTHER REVENUE $000S %CHANGE $000S %CHANGE $000S %CHANGE
1
1
LPL Financial
4,051,300
13.1
2,023,700
14.5
1,179,000
11.8
848,600
11.6
2
2
Ameriprise Financial
3,241,113
12.1
1,321,333
6.7
1,491,487
12.5
428,293
30.8
3
3
Raymond James Financial Services
1,351,716
11.9
631,120
7.4
536,703
20.9
183,892
4.1
4
4
Commonwealth Financial Network
822,115
15.5
284,094
12.4
440,381
17.7
97,639
14.7
5
6
Wells Fargo Advisors Financial Network
707,320
18.6
244,289
20.8
295,204
9.9
167,827
33.6
6
5
AXA Advisors
676,900
8.4
535,300
5.2
117,200
20.8
24,400
28.4
7
7
Northwestern Mutual
654,456
18.2
262,827
9.8
308,622
30.3
83,008
7.4
8
8
Cambridge Investment Research
574,358
24.5
234,830
26.5
277,686
20.4
61,842
37.3
9
9
Securities America
475,000
18.8
235,800
18.4
191,904
21.1
47,296
11.5
10 10
Royal Alliance Associates
444,448
14.4
235,361
20.9
170,839
6.2
38,248
16.6
11
Cetera Advisor Networks
435,965
20.9
233,771
24.8
162,503
17.8
39,691
12.5
12 12
13
Waddell & Reed Financial Advisors
426,045
17.8
192,192
8.5
159,747
30.7
74,106
19.0
13 15
ING Financial Partners
396,333
16.9
293,668
14.9
79,930
19.3
22,735
37.0
14 14
National Planning
382,739
10.4
256,518
10.5
94,061
7.1
32,160
19.6
15 11
NFP Advisor Services
380,985
4.5
238,790
(1.3)
121,620
16.9
20,548
9.9
16 16
MML Investors Services
360,848
7.4
260,028
5.9
71,873
7.6
28,943
15.5
17
Securian Financial Services
355,393
25.4
271,135
27.8
75,121
19.1
9,137
12.0
FSC Securities
280,258
6.5
161,277
10.7
93,932
7.0
25,050
(15.3) n/a
17
18 18 19 22
Princor Financial Services
278,855
15.2
240,798
14.3
38,054
23.1
n/a
20 23
SagePoint Financial
278,583
17.6
175,482
20.5
76,134
17.5
26,967
1.7
21 24
Invest Financial
278,139
17.4
197,208
15.7
53,491
22.3
27,440
21.2
273,211
10.0
143,968
8.2
100,085
15.0
29,157
2.9
272,284
16.9
171,407
21.1
74,447
9.4
26,430
12.8
22 20
HD Vest Investment Services
23 25
First Allied Securities
24 19
Signator Investors
267,427
1.7
221,462
(2.2)
39,740
25.9
6,225
26.4
25 26
Transamerica Financial Advisors
267,303
14.9
195,865
11.9
56,953
21.5
14,485
34.4
26 27
Cetera Advisors
261,507
24.5
147,402
25.4
89,063
22.9
25,042
25.0
27 21
Woodbury Financial Services
250,848
3.1
194,152
(7.7)
32,193
8.0
24,502
684.5
28 28 29 31 30 29
Cetera Financial Institutions
248,736
29.4
196,182
33.8
14,819
40.0
37,735
7.7
Lincoln Investment Planning
194,622
33.9
103,317
34.5
85,623
49.7
5,682
(49.9)
SII Investments
189,573
14.2
125,518
12.0
45,678
12.0
18,376
39.1
31 30 32 35
Park Avenue Securities
158,672
3.8
110,386
(1.1)
43,526
18.2
4,760
6.3
American Portfolios Financial Services
157,956
19.7
102,110
11.6
55,846
38.1
n/a
n/a
33 38 34 32 35 37
Triad Advisors
155,687
26.9
84,056
32.1
59,999
13.1
11,631
93.8
Cadaret, Grant
154,359
12.2
114,800
12.2
35,672
15.6
3,887
(10.4)
CUSO Financial Services & Sorrento Pacific Financial Services
148,427
19.2
121,561
18.8
10,370
33.0
16,496
14.5
36 36 37 33
Ameritas Investment
143,000
12.6
102,000
12.1
31,700
20.5
9,000
(10.0)
CUNA Brokerage Services
143,000
6.4
125,900
5.4
14,200
10.1
2,900
31.8
38 34 39 39
M Holdings Securities
139,364
5.6
123,867
2.9
12,012
33.3
3,485
37.4
NEXT Financial Group
127,823
7.7
87,072
4.9
35,603
11.9
5,148
31.5
40 41 41 42
H. Beck
121,422
13.9
93,327
13.9
22,581
13.4
5,514
(9.7)
Centaurus Financial
121,211
16.1
101,421
15.2
19,789
20.9
5,958
28.1
42 40 43 44
ProEquities
115,817
5.2
86,371
5.1
19,928
9.5
9,518
(2.0)
Securities Service Network
114,154
15.4
61,726
15.1
41,206
25.1
11,222
(9.3)
44 47 45 43
Investment Centers of America
113,099
29.3
80,676
26.5
20,515
31.4
11,908
47.7
Cetera Financial Specialists
112,931
8.4
59,595
4.8
47,208
13.4
6,128
8.2
46 45 47 46
VSR Financial Service
107,297
9.3
56,966
2.1
43,850
19.5
6,482
14.8
Geneos Wealth Management
104,553
12.0
48,451
0.8
55,576
24.1
525
12.0
48 51 49 54
Independent Financial Group
96,605
27.1
65,308
28.4
22,401
185.3
8,896
21.7
Questar Capital
93,500
27.7
79,990
29.4
9,500
13.2
4,010
33.7
50 49
Investors Capital
MEDIAN
93,203
13.3
71,940
12.7
18,053
11.8
3,210
39.9
$264,405
14.7
$166,342
12.3
$56,399
18.6
$17,436
14.8
A Registered InvestmentAdvisor. Member FINRA/SIPC. MKT-06257-0614 Tracking # 1-280727 (exp. 07/15)
©2014 SourceMedia Inc. and Financial Planning. All rights reserved. SourceMedia, One State Street Plaza, New York, N.Y. 10004 (800) 367-3989
GAME CHANGER AS GROWTH HAS SURGED THROUGHOUT THE INDUSTRY, A NEW PLAYER HAS EMERGED TO SHAKE UP THE FP50 RANKINGS. NICHOLAS SCHORSCH DETAILS HIS BIG PLANS FOR RCS.
INVESTED IN ADVISORS / JUNE 2014
FINANCIALPLANNING.COM / @FINPLAN
TOTAL REVENUES FP50 RANK TOTAL REVENUES 2014 2013 COMPANY $000S %CHANGE
COMMISSION REVENUE FEE REVENUE OTHER REVENUE $000S %CHANGE $000S %CHANGE $000S %CHANGE
1
1
LPL Financial
4,051,300
13.1
2,023,700
14.5
1,179,000
11.8
848,600
11.6
2
2
Ameriprise Financial
3,241,113
12.1
1,321,333
6.7
1,491,487
12.5
428,293
30.8
3
3
Raymond James Financial Services
1,351,716
11.9
631,120
7.4
536,703
20.9
183,892
4.1
4
4
Commonwealth Financial Network
822,115
15.5
284,094
12.4
440,381
17.7
97,639
14.7
5
6
Wells Fargo Advisors Financial Network
707,320
18.6
244,289
20.8
295,204
9.9
167,827
33.6
6
5
AXA Advisors
676,900
8.4
535,300
5.2
117,200
20.8
24,400
28.4
7
7
Northwestern Mutual
654,456
18.2
262,827
9.8
308,622
30.3
83,008
7.4
8
8
Cambridge Investment Research
574,358
24.5
234,830
26.5
277,686
20.4
61,842
37.3
9
9
Securities America
475,000
18.8
235,800
18.4
191,904
21.1
47,296
11.5
10 10
Royal Alliance Associates
444,448
14.4
235,361
20.9
170,839
6.2
38,248
16.6
11
Cetera Advisor Networks
435,965
20.9
233,771
24.8
162,503
17.8
39,691
12.5
12 12
13
Waddell & Reed Financial Advisors
426,045
17.8
192,192
8.5
159,747
30.7
74,106
19.0
13 15
ING Financial Partners
396,333
16.9
293,668
14.9
79,930
19.3
22,735
37.0
14 14
National Planning
382,739
10.4
256,518
10.5
94,061
7.1
32,160
19.6
15 11
NFP Advisor Services
380,985
4.5
238,790
(1.3)
121,620
16.9
20,548
9.9
16 16
MML Investors Services
360,848
7.4
260,028
5.9
71,873
7.6
28,943
15.5
17
Securian Financial Services
355,393
25.4
271,135
27.8
75,121
19.1
9,137
12.0
FSC Securities
280,258
6.5
161,277
10.7
93,932
7.0
25,050
(15.3) n/a
17
18 18 19 22
Princor Financial Services
278,855
15.2
240,798
14.3
38,054
23.1
n/a
20 23
SagePoint Financial
278,583
17.6
175,482
20.5
76,134
17.5
26,967
1.7
21 24
Invest Financial
278,139
17.4
197,208
15.7
53,491
22.3
27,440
21.2
273,211
10.0
143,968
8.2
100,085
15.0
29,157
2.9
272,284
16.9
171,407
21.1
74,447
9.4
26,430
12.8
22 20
HD Vest Investment Services
23 25
First Allied Securities
24 19
Signator Investors
267,427
1.7
221,462
(2.2)
39,740
25.9
6,225
26.4
25 26
Transamerica Financial Advisors
267,303
14.9
195,865
11.9
56,953
21.5
14,485
34.4
26 27
Cetera Advisors
261,507
24.5
147,402
25.4
89,063
22.9
25,042
25.0
27 21
Woodbury Financial Services
250,848
3.1
194,152
(7.7)
32,193
8.0
24,502
684.5
28 28 29 31 30 29
Cetera Financial Institutions
248,736
29.4
196,182
33.8
14,819
40.0
37,735
7.7
Lincoln Investment Planning
194,622
33.9
103,317
34.5
85,623
49.7
5,682
(49.9)
SII Investments
189,573
14.2
125,518
12.0
45,678
12.0
18,376
39.1
31 30 32 35
Park Avenue Securities
158,672
3.8
110,386
(1.1)
43,526
18.2
4,760
6.3
American Portfolios Financial Services
157,956
19.7
102,110
11.6
55,846
38.1
n/a
n/a
33 38 34 32 35 37
Triad Advisors
155,687
26.9
84,056
32.1
59,999
13.1
11,631
93.8
Cadaret, Grant
154,359
12.2
114,800
12.2
35,672
15.6
3,887
(10.4)
CUSO Financial Services & Sorrento Pacific Financial Services
148,427
19.2
121,561
18.8
10,370
33.0
16,496
14.5
36 36 37 33
Ameritas Investment
143,000
12.6
102,000
12.1
31,700
20.5
9,000
(10.0)
CUNA Brokerage Services
143,000
6.4
125,900
5.4
14,200
10.1
2,900
31.8
38 34 39 39
M Holdings Securities
139,364
5.6
123,867
2.9
12,012
33.3
3,485
37.4
NEXT Financial Group
127,823
7.7
87,072
4.9
35,603
11.9
5,148
31.5
40 41 41 42
H. Beck
121,422
13.9
93,327
13.9
22,581
13.4
5,514
(9.7)
Centaurus Financial
121,211
16.1
101,421
15.2
19,789
20.9
5,958
28.1
42 40 43 44
ProEquities
115,817
5.2
86,371
5.1
19,928
9.5
9,518
(2.0)
Securities Service Network
114,154
15.4
61,726
15.1
41,206
25.1
11,222
(9.3)
44 47 45 43
Investment Centers of America
113,099
29.3
80,676
26.5
20,515
31.4
11,908
47.7
Cetera Financial Specialists
112,931
8.4
59,595
4.8
47,208
13.4
6,128
8.2
46 45 47 46
VSR Financial Service
107,297
9.3
56,966
2.1
43,850
19.5
6,482
14.8
Geneos Wealth Management
104,553
12.0
48,451
0.8
55,576
24.1
525
12.0
48 51 49 54
Independent Financial Group
96,605
27.1
65,308
28.4
22,401
185.3
8,896
21.7
Questar Capital
93,500
27.7
79,990
29.4
9,500
13.2
4,010
33.7
50 49
Investors Capital
MEDIAN
93,203
13.3
71,940
12.7
18,053
11.8
3,210
39.9
$264,405
14.7
$166,342
12.3
$56,399
18.6
$17,436
14.8
A Registered InvestmentAdvisor. Member FINRA/SIPC. MKT-06257-0614 Tracking # 1-280727 (exp. 07/15)
©2014 SourceMedia Inc. and Financial Planning. All rights reserved. SourceMedia, One State Street Plaza, New York, N.Y. 10004 (800) 367-3989
