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The Independents

There are literally thousands of independent broker/dealers. Here's a list of some of the largest by rep count.

There are literally thousands of independent broker/dealers. Here's a list of some of the largest by rep count.

Firm: Producing Reps Avg. Payout Recruiting Executive Clearing Firm Parent Co URL
Linsco/Private Ledger
Diego, Calif., 858-450-9606
6,481 $173,984 Mark Casady Linsco/Private Ledger Corp. LPL Holdings Inc. www.joinlpl.comSan
HD Vest Financial Services
Irving, Texas, 972-870-6000
5,440 N/A LuAnn Colosimo WFI Wells Fargo & Company www.hdvest.com
Raymond James Financial Services
St. Petersburg, Fla., 800-998-7537
3,379 240,000 Dick Averitt Raymond James & Associates Raymond James Financial www.advisorchoice.com
Financial Network Investment Corp.
El Segundo, Calif., 800-879-8100
2,570 102,700 Cheryl Chiara Pershing ING www.financialnetwork.com
Lincoln Financial Advisors Corp.
Fort Wayne, Ind., 800-237-3813
2,390 146,030 Robert Dineen National Financial Services, LLC Lincoln Financial Group www.lfa-sagemark.com
Royal Alliance Associates
New York, N.Y., 800-821-5100
2,250 132,265 Gary Bender Pershing American Group www.royalalliance.com
PrimeVest Financial Services
St. Cloud, Minn., 800-245-0467
2,130 65,400 Bruce Miller PrimeVest ING www.primevest.com
ING Financial Partners
Des Moines, Iowa, 800-356-2906
2,080 87,100 Bonnie Reed Pershing ING www.ingfinancialpartners.com
AIG Financial Advisors
Phoenix, Ariz. 866-GO AIGFA
1,990 105,952 Chris Radford Pershing American International Group www.aigfa.com
Securities America
Omaha, Neb., 800-989-8441
1,776 154,472 Steve McWhorter National Financial Services, Pershing Ameriprise www.securitiesamerica.com
InterSecurities
St. Petersburg, Fla., 727-299-1800
1,658 71,170 Tom Moriarty Pershing AEGON USA www.intersecurities.com
Mutual Service Corp.
West Palm Beach, Fla., 561-835-4100
1,410 110,513 John Poff Pershing Pacific Select Distributors www.mutualservice.com
FSC Securities Corp.
Atlanta, Ga., 800-547-2382
1,386 143,314 Tim O'Rourke Pershing American International www.fscorp.com
Walnut Street Securities
St. Louis, Mo., 877-WALNUT 1
1,359 107,091 Craig Markham Pershing MetLife www.walnutstreet.com
Securian Financial Services
St. Paul, Minn., 888-237-1838
1,349 35,325 George Connolly Pershing Securian Financial Group www.securianfinancial.com
Equity Services
Montpelier, Vt., 800-344-7437
1,179 28,500 Kenneth Ehinger NFS LLC National Life of Vermont Group www.equity-services.com
National Planning Corp.
Santa Monica, Calif., 888-711-6720
1,117 125,226 Shawn Dreffein Pershing National Planning www.natplan.com
Commonwealth Financial Network
Waltham, Mass., 866-462-3638
1,070 221,000 Janice Hart National Financial Services Commonwealth Financial Network www.commonwealth.com
NFP Securities
Austin, Texas, 512-697-6000
981 217,859 Jeff Montgomery National Financial Services, Pershing National Financial Partners Corp. www.nfp.com
Transamerica Financial Advisors
Los Angeles, Calif., 800-245-8250
941 31,544 Sandra Brown Pershing AEGON USA http://tfa.transamerica.com
Cadaret, Grant & Co., Inc.
Syracuse, N.Y., 315-471-2191
900 97,494 Peter Grifo Pershing Cadaret, Grant www.cadaretgrant.com

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