A list of the biggest independent b/d firms by number of reps.
| Firm: | Producing Reps | Average Payout | Recruiting Executive | Clearing Firm | Parent Co |
|---|---|---|---|---|---|
| Linsco/Private Ledger San Diego, CA, 858-450-9606 www.joinlpl.com | 10,588 | $290, 200 | Bill Morrissey | Linsco/Private Ledger Corp., Pershing | LPL Holdings Inc. |
| HD Vest Financial Services Irving, TX, 800-742-7950 www.hdvest.com | 5,141 | $39.975 | LuAnn Colosimo | WFI | Wells Fargo & Company |
| Raymond James Financial Services St. Petersburg, FL., 800-998-7537 http://raymondjames.com/ | 3,067 | 315,959 | Bill Van Law | Raymond James & Associates | Raymond James Financial |
| Financial Network Investment Corp. El Segundo, CA, 800-879-8100 www.financialnetwork.com | 2,400 | 129,400 | Cheryl Chiara | Pershing | ING |
| Lincoln Financial Advisors Corp. Fort Wayne, IN, 800-237-3813 www.lfa-sagemark.com | 2,390 | 146,030 | Robert Dineen | National Financial Services | Lincoln Financial Group |
| ING Financial Partners Des Moines, IA, 800-356-2906 www.ingfinancialpartners.com | 2,200 | $93,400 | Bonnie Reed | Pershing | ING |
| PrimeVest Financial Services St. Cloud, MN, 800-245-0467 www.primevest.com | 1,900 | 219,00 | Sean Casey | PrimeVest | ING |
| Royal Alliance Associates New York, NY, 800-821-5100 www.royalalliance.com | 1,889 | 174,697 | Gary Bender | Pershing | AIG |
| AIG Financial Advisors Phoenix, AZ, 866-GOAIGFA www.aigfinancialadvisors.com | 1,798 | 131,562 | Jim Cannon | Pershing | AIG |
| Securities America Omaha, NE, 800-989-8441 www.securitiesamerica.com | 1,741 | 259,000 | Gregg Johnson | National Financial Services, Pershing | Ameriprise |
| InterSecurities St. Petersburg, FL, 800-322-7161 www.intersecurities.com | 1,473 | 90,000 | Chad Schaser | Pershing | AEGON USA |
| Securian Financial Services St. Paul, MN, 888-237-1838 www.securianfinancial.com | 1,682 | 35,325 | George Connolly | Pershing | Securian Financial Group |
| Invest Financial Corp. Tampa, Fl, 800-245-4732 www.investfinancial.com | 1,410 | 189,756 | Lynn Niedermeier | National Financial Services, Pershing | National Planning Holding |
| Walnut Street Securities St. Louis, MO, 877-WALNUT 1 www.walnutstreet.com | 1,396 | 107,091 | Craig Markham | Pershing | MetLife |
| FSC Securities Corp. Atlanta, GA, 800-547-2382 www.fscorp.com | 1,273 | 174,328 | Tim O'Rourke | Pershing | AIG |
| National Planning Corp. Santa Monica, CA, 888-711-6720 www.natplan.com | 1,214 | 178,747 | Scott Romine | Pershing | National Planning Holdings |
| Cambridge Investment Research, Inc. Fairfield, IA, 800-777-6080 www.joincir.com | 1,121 | 189,000 | Steve O'Neill | National Financial Services, Pershing | Cambridge Investment Research, Inc. |
| Equity Services Montpelier, VT, 800-344-7437 www.equity-services.com | 1,179 | 28,500 | Kenneth Ehinger | National Financial Services | National Life Group |
| Commonwealth Financial Network Waltham, MA, 800-462-3638 www.commonwealth.com | 1,162 | 317,000 | Janice Hart, Andrew Daniels | National Financial Services | Commonwealth Financial Network |
| NFP Securities Austin, TX, 512-697-6000 www.nfp.com | 1,191 | 249,394 | Jeff Montgomery | National Financial Services, Pershing | National Financial Partners Corp. |
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