Largest Broker-Dealer Firms

Active broker-dealer firms ranked by FINRA-registered branch-office count, the largest operators by physical footprint. Larger firms naturally accumulate more raw disclosures across more offices, so weigh the size-normalized grade alongside the count.

#	Firm	Offices	Disclosures	Grade
1	LPL Financial LLCFort Mill, SC	32,976	289	B
2	Edward JonesSt. Louis, MO	18,742	325	B
3	Ameriprise Financial Services, LLCMinneapolis, MN	15,626	184	B
4	Wells Fargo Clearing Services, LLCSt. Louis, MO	7,651	489	B
5	J.P. Morgan Securities LLCNew York, NY	6,951	547	B
6	UBS Financial Services Inc.Weehawken, NJ	6,346	926	C
7	Osaic Wealth, Inc.Scottsdale, AZ	5,899	82	B
8	PFS Investments Inc.Duluth, GA	5,538	24	B
9	Cetera Wealth Services, LLCEl Segundo, CA	4,114	37	B
10	RBC Capital Markets, LLCNew York, NY	4,053	490	C
11	MML Investors Services, LLCSpringfield, MA	3,871	28	B
12	Morgan StanleyPurchase, NY	3,805	183	B
13	Raymond James Financial Services, Inc.St. Petersburg, FL	3,736	204	B
14	Allstate Financial Services, LLCLincoln, NE	3,326	5	B
15	Raymond James & Associates, Inc.St. Petersburg, FL	3,107	253	C
16	Thrivent Investment Management Inc.Minneapolis, MN	3,069	8	B
17	Citigroup Global Markets Inc.New York, NY	2,867	1,233	C
18	Cambridge Investment Research, Inc.Fairfield, IA	2,837	19	B
19	Truist Investment Services, Inc.Atlanta, GA	2,629	28	B
20	Commonwealth Financial NetworkWaltham, MA	2,493	43	B
21	State Farm VP Management Corp.Bloomington, IL	2,490	7	B
22	Farmers Financial Solutions, LLCWestlake Village, CA	2,417	5	B
23	Nylife Securities LLCNew York, NY	2,345	20	B
24	Equitable Advisors, LLCNew York, NY	2,311	37	B
25	Wells Fargo Advisors Financial Network, LLCSt. Louis, MO	2,019	74	B
26	U.S. Bancorp Advisors, LLCSt. Paul, MN	1,934	5	B
27	Tiaa-Cref Individual & Institutional Services, LLCNew York, NY	1,831	12	B
28	PNC Wealth Management LLCPittsburgh, PA	1,662	19	B
29	LPL Enterprise, LLCFort Mill, SC	1,487	3	B
30	Charles Schwab & Co., Inc.Westlake, TX	1,403	318	C
31	Fifth Third Securities, Inc.Cincinnati, OH	1,391	57	B
32	Park Avenue Securities LLCNew York, NY	1,317	23	B
33	Robert W. Baird & Co. IncorporatedMilwaukee, WI	1,129	75	B
34	Northwestern Mutual Investment Services, LLCMilwaukee, WI	1,077	11	B
35	Principal Securities, Inc.Des Moines, IA	1,061	12	B
36	Citizens Securities, Inc.Johnston, RI	1,046	22	B
37	Osaic Institutions, Inc.Meriden, CT	997	9	B
38	THE Huntington Investment CompanyColumbus, OH	978	25	B
39	Cetera Advisors LLCGreenwood Village, CO	918	23	B
40	FBL Marketing Services, LLCWest Des Moines, IA	915	1	B
41	Neuberger Berman BD LLCNew York, NY	783	25	B
42	KEY Investment Services LLCBrooklyn, OH	782	4	B
43	Stifel, Nicolaus & Company, IncorporatedSt. Louis, MO	757	251	C
44	Fidelity Brokerage Services LLCSmithfield, RI	739	152	C
45	Kestra Investment Services, LLCAustin, TX	713	16	B
46	Country Capital Management CompanyBloomington, IL	653	0	A
47	Oppenheimer & Co. Inc.New York, NY	630	284	C
48	Purshe Kaplan Sterling InvestmentsAlbany, NY	623	13	B
49	Capital Client Group, Inc.Los Angeles, CA	607	0	A
50	Lincoln InvestmentFort Washington, PA	594	7	B
51	Valic Financial Advisors, Inc.Houston, TX	450	20	B
52	Voya Financial Advisors, Inc.Windsor, CT	449	45	C
53	GWN Securities Inc.Palm Beach Gardens, FL	445	2	B
54	Integrity Alliance, LLC.Urbandale, IA	428	4	B
55	Santander Securities LLCBoston, MA	422	19	B
56	United Planners' Financial Services of America a Limited PartnerScottsdale, AZ	417	15	B
57	MWA Financial Services Inc.Rock Island, IL	414	1	B
58	Independent Financial Group, LLCSan Diego, CA	395	17	B
59	Money Concepts Capital CorpPalm Beach Gardens, FL	378	11	B
60	Centaurus Financial, Inc.Anaheim, CA	376	26	B
61	Equity Services, Inc.Montpelier, VT	344	10	B
62	Transamerica Financial Advisors, LLCPhiladelphia, PA	343	22	B
63	D.A. Davidson & Co.Great Falls, MT	330	48	C
64	J.W. Cole Financial, Inc.Tampa, FL	311	2	B
65	Stonex Securities Inc.Birmingham, AL	309	13	B
66	Hornor, Townsend & Kent, LLCConshohocken, PA	307	17	B
67	First Citizens Investor Services, Inc.Raleigh, NC	307	6	B
68	William BlairChicago, IL	303	31	C
69	Planmember Securities CorporationCarpinteria, CA	303	5	B
70	Packerland Brokerage Services, Inc.Green Bay, WI	291	2	B
71	HSBC Securities (USA) Inc.New York City, NY	287	94	C
72	Horace Mann Investors, Inc.Springfield, IL	287	6	B
73	TD Private Client Wealth LLCNew York, NY	286	3	B
74	Secu Brokerage ServicesRaleigh, NC	280	7	B
75	Private Client Services, LLCLouisville, KY	276	1	B
76	Benjamin F. Edwards & Company, Inc.St. Louis, MO	255	3	B
77	First Command Brokerage Services, Inc.Fort Worth, TX	250	8	B
78	Mutual of Omaha Investor Services, Inc.Omaha, NE	249	6	B
79	Foreside Fund Services, LLCPortland, ME	248	0	A
80	Federated Securities Corp.Pittsburgh, PA	234	4	B
81	Navy Federal Investment Services, LLCVienna, VA	234	0	A
82	Kovack Securities Inc.Ft. Lauderdale, FL	228	10	B
83	&PartnersNashville, TN	225	9	B
84	Bankers Life Securities, Inc.Chicago, IL	222	1	B
85	Parkland Securities, LLCAnn Arbor, MI	217	12	B
86	Janney Montgomery Scott LLCPhiladelphia, PA	211	120	C
87	Calton & Associates, Inc.Tampa, FL	205	19	B
88	Ausdal Financial Partners, Inc.Davenport, IA	198	2	B
89	Oneamerica Securities, Inc.Indianapolis, IN	198	6	B
90	M Holdings Securities, Inc.Portland, OR	193	5	B
91	Fortune Financial Services, Inc.Monaca, PA	190	4	B
92	Valmark Securities, Inc.Akron, OH	190	4	B
93	Rockefeller Financial LLCNew York, NY	189	1	B
94	Berthel, Fisher & Company Financial Services, Inc.Cedar Rapids, IA	188	42	B
95	THE o.n. Equity Sales CompanyCincinnati, OH	186	9	B
96	Arvest Wealth ManagementLowell, AR	185	4	B
97	Vanderbilt Securities, LLCWoodbury, NY	179	6	B
98	Harbour Investments, Inc.Madison, WI	175	3	B
99	Vanguard Marketing CorporationMalvern, PA	173	59	C
100	Prospera Financial Services, Inc.Dallas, TX	171	13	B

Compiled by PlainAdvisorCheck