Top Independent Broker-Dealers According to Investment News

D. Daxton White — Tue, 18 Jan 2011 15:31:56 +0000

RANK	Broker-dealer	Total gross revenues
1	LPL Investment Holdings Inc.	$2.8B
	• LPL Financial One Beacon St. Boston, MA 02108 joinlpl.com (888) 250-2420	$2.6B
	• Uvest 2810 Coliseum Centre Drive Charlotte, NC 28217 uvest.com (800) 277-8802	$195.2M
2	Ameriprise Financial Services Inc. 108 Ameriprise Financial Center Minneapolis, MN 55474 ameriprise.com (612) 671-3131	$2.0B
3	Raymond James Financial Services Inc. 880 Carillon Parkway St. Petersburg, FL 33716 advisorchoice.com (800) 998-7537	$834.9M
4	Advisor Group	$773.9M
	• FSC Securities Corp. 2300 Windy Ridge Parkway, Suite 1100 Atlanta, GA 30339 joinfsc.com (800) 547-2382	$229.1M
	• Royal Alliance Associates Inc. One World Financial Center New York, NY 10281 royalalliance.com (212) 551-5100	$317.5M
	• SagePoint Financial Inc. 2800 N. Central Ave., Suite 2100 Phoenix, AZ 85004 sagepointfinancial.com (866) 462-4432	$227.3M
5	Lincoln Financial Network 2005 Market St., 34th Floor Philadelphia, PA 19103 joinlfn.com (866) 536-6630	$738.3M
6	MetLife Broker-Dealer Group	$724.7M
	• MetLife Securities Inc. 1095 Sixth Ave. New York, NY 10036 metlife.com (888) 883-4684	$377.1M
	• New England Securities Inc. 1095 Sixth Ave. New York, NY 10036 nef.com (888) 883-4684	$194.3M
	• Tower Square Securities Inc. 1095 Sixth Ave. New York, NY 10036 towersquare.com (888) 883-4684	$45.9M
	• Walnut Street Securities Inc. 1095 Sixth Ave. New York, NY 10036 walnutstreet.com (888) 883-4684	$107.4M
7	National Planning Holdings Inc.	$610.8M
	• Invest Financial Corp. 8745 Henderson Road, Suite 300 Tampa, FL 33634 investfinancial.com (800) 245-4732	$175.1M
	• Investment Centers of America Inc. 212 N. Fourth St. Bismarck, ND 58501 joinica.com (800) 544-7113	$60.7M
	• National Planning Corp. 401 Wilshire Blvd., Suite 1100 Santa Monica, CA 90401 natplan.com (800) 881-7174	$258.2M
	• SII Investments Inc. 5555 W. Grande Market Drive Appleton, WI 54913 siionline.com (800) 426-5975	$116.8M
8	Axa Advisors LLC 1290 Sixth Ave. New York, NY 10104 axa-equitable.com (212) 554-1234	$490.6M
9	Commonwealth Financial Network 29 Sawyer Road Waltham, MA 02453 commonwealth.com (866) 462-3638	$488.5M
10	Securities America Inc. 12325 Port Grace Blvd. La Vista, NE 68128 joinsai.com (800) 989-8441	$412.1M
11	Northwestern Mutual 720 E. Wisconsin Ave. Milwaukee, WI 53202 northwesternmutual.com (800) 323-7033	$378.7M1
12	NFP Advisor Services Group 1250 S. Capital of Texas Highway, Building 2, Suite 125 Austin, TX 78746 nfp.com (512) 697-6000	$325.9M
13	Wells Fargo Advisors Financial Network 1 North Jefferson Ave. St. Louis, MO 63103 wfafinet.com (866) 485-5383	$308.0M
14	John Hancock Financial Network 197 Clarendon St. Boston, MA 02117 jhnetwork.com (617) 572-6524	$287.9M
15	Waddell & Reed Inc. 6300 Lamar Ave. Overland Park, KS 66202 joinwaddell.com (913) 236-2000	$250.4M
16	Cambridge Investment Research Inc. 1776 Pleasant Plain Road Fairfield, IA 52556 joincambridge.com (800) 777-6080	$249.6M
17	Woodbury Financial Services 500 Bielenberg Drive Woodbury, MN 55125 woodburyfinancial.com (800) 800-2638	$223.2M
18	First Allied Securities Inc. 655 W. Broadway, 11th Floor San Diego, CA 92101 joinfasi.com (800) 336-8842	$209.1M
19	H.D. Vest Financial Services 6333 N. State Highway 161, Fourth Floor Irving, TX 75038 hdvest.com (800) 821-8254	$207.6M
20	Securian Financial Services Inc. 400 Robert St. N. St. Paul, MN 55101 securian.com (888) 237-1838	$205.8M
21	ING Financial Partners Inc. 909 Locust St. Des Moines, IA 50309 ingfinancialpartners.com (800) 356-2906	$189.6M
22	Princor Financial Services Corp. 711 High St. Des Moines, IA 50392 princor.com (888) 774-6267	$183.0M
23	NYLife Securities LLC 51 Madison Ave., Room 151 New York, NY 10010 nylifesecurities.com (800) 695-4785	$171.9M
24	M Holdings Securities Inc. (M Securities) 1125 N.W. Couch St., Suite 900 Portland, OR 97209 mfin.com (503) 232-6960	$130.3M
25	Transamerica Financial Advisors Inc. 570 Carillon Parkway St. Petersburg, FL 33716 tfa.transamerica.com (800) 322-7161	$127.0M
26	Next Financial Group Inc. 2500 Wilcrest Drive, Suite 620 Houston, TX 77042 nextfinancial.com (877) 876-6398	$123.6M
27	Ladenburg Thalmann Financial Services Inc. 4400 Biscayne Blvd, 12th Floor Miami, FL 33137 ladenburg.com (305) 572-4100	$114.9M
	• Investacorp Inc. 4400 Biscayne Blvd. Miami, FL 33137 investacorp.com (305) 557-3000	$54.5M
	• Triad Advisors Inc. 5185 Peachtree Parkway, Suite 280 Atlanta, GA 30092 triad-advisors.com (800) 720-4003	$60.4M
28	Cadaret Grant & Co. Inc. One Lincoln Center Syracuse, NY 13202 cadaretgrant.com (800) 288-8601	$109.1M
29	National Holdings Corp.	$108.6M
	• National Securities Corp. 120 Broadway, 27th Floor New York, NY 10271 nationalsecurities.com (212) 417-8000	$72.6M
	• vFinance Investments Inc. 1200 N. Federal Highway, Suite 400 Boca Raton, FL 33432 vfinanceinvestments.com (561) 981-1000	$36.0M
30	Park Avenue Securities LLC 7 Hanover Square New York, NY 10004 guardianlife.com (888) 600-4666	$101.8M
31	Genworth Financial Securities Corp. 200 N. Martingale Road Schaumburg, IL 60173 genworthfinancialsecurities.com (888) 528-2987	$95.5M
32	Ameritas Investment Corp. 5900 O St. Lincoln, NE 68510 aicinvest.com (800) 335-9858	$93.3M
33	ProEquities Inc. 2801 Highway 280 S. Birmingham, AL 35223 proequities.com (800) 288-3035	$79.1M
34	Investors Capital Corp. 230 Broadway E. Lynnfield, MA 01940 investorscapital.com (800) 949-1422	$75.9M
35	Centaurus Financial Inc. 2300 E. Katella Ave., Suite 200 Anaheim, CA 92806 centaurusfinancial.com (800) 880-4234	$73.8M
36	VSR Financial Services Inc. 8620 W. 110th St. Overland Park, KS 66210 joinvsr.com (800) 800-3177	$73.4M
37	Securities Service Network Inc. 9729 Cogdill Road, Suite 301 Knoxville, TN 37932 joinssn.com (866) 218-0452	$68.4M
38	Lincoln Investment Planning Inc. 218 Glenside Ave. Wyncote, PA 19095 lincolninvestment.com (215) 887-8111	$67.1M
39	American Portfolios Financial Services Inc. 4250 Veterans Memorial Highway, Suite 420E Holbrook, NY 11741 americanportfolios.com (631) 439-4600	$66.3M
40	Sigma Financial Corp. 4261 Park Road Ann Arbor, MI 48103 sigmafinancial.com (888) 744-6264	$60.4M
41	Geneos Wealth Management Inc. 9055 E. Mineral Circle, Suite 200 Centennial, CO 80112 geneoswealth.com (888) 812-5043	$59.2M
42	Capital Financial Group Inc./H. Beck Inc. 11140 Rockville Pike, Fourth Floor Rockville, MD 20852 cfginc.com (800) 333-6884	$58.8M
43	J.P. Turner & Co. One Buckhead Plaza, 3060 Peachtree Road N.W., 11th Floor Atlanta, GA 30305 jpturner.com (888) 578-8763	$56.0M
44	Questar Capital Corp. 5701 Golden Hills Drive Minneapolis, MN 55416 questarcapital.com (888) 446-5872	$55.4M
45	QA3 Financial Corp. One Valmont Plaza, Fourth Floor Omaha, NE 68154 qa3.com (888) 337-4094	$50.0M
46	Summit Brokerage Services Inc. 595 S. Federal Highway, Suite 500 Boca Raton, FL 33432 summitbrokerage.com (800) 354-5528	$45.0M
47	Equity Services Inc. One National Life Drive, M480 Montpelier, VT 05604 equity-services.com (800) 344-7437	$42.0M
48	Berthel Fisher & Company Financial Services Inc. P.O. Box 609 Marion, IA 52302 berthel.com (319) 447-5700	$40.7M
49	Pacific West Financial Group 555 S. Renton Village Place, Suite 700 Renton, WA 98057 pwfinancial.com (888) 236-7979	$40.3M
50	The O.N. Equity Sales Co. One Financial Way Cincinnati, OH 45242 onesco1.com (513) 794-6794	$40.3M
51	Hornor Townsend & Kent Inc. 600 Dresher Road Horsham, PA 19044 htk.com (800) 957-7300	$39.4M
52	United Planners Financial Services 7333 E. Doubletree Ranch Road, Suite 120 Scottsdale, AZ 85258 joinunitedplanners.com (800) 966-8737	$38.8M
53	J.W. Cole Financial Inc. 6928 W. Linebaugh Ave. Tampa, FL 33625 joinjw-cole.com (866) 592-6531	$36.5M
54	Girard Securities Inc. 9560 Waples St., Suite B San Diego, CA 92121 girardsecurities.com (858) 622-2140	$35.0M
55	WRP Investments Inc. 4407 Belmont Ave. Youngstown, OH 44505 wrpinvestments.com (800) 589-2023	$32.2M
56	Crown Capital Securities LP 725 Town and Country Road, Suite 530 Orange, CA 92868 crowncapitalsecurities.com (800) 803-8886	$30.7M
57	Independent Financial Group 12636 High Bluff Drive, Suite 100 San Diego, CA 92130 ifgsd.com (858) 436-3180	$30.4M
58	PlanMember Securities Corp. 6187 Carpinteria Ave. Carpinteria, CA 93013 joinplanmember.com (800) 874-6910	$30.2M
59	LaSalle St. Securities LLC 940 N. Industrial Drive Elmhurst, IL 60126 joinlasallest.com (800) 777-7865	$29.3M
60	Great American Advisors Inc. P.O. Box 357 Cincinnati, OH 45201 gaadvisors.com (800) 216-3354	$28.5M
61	Sammons Securities Co. LLC One Sammons Plaza Sioux Falls, SD 57193 sammonssecurities.com (866) 520-6869	$26.4M
62	Kovack Securities Inc. 6451 N. Federal Highway, Suite 1201 Fort Lauderdale, FL 33308 joinksi.com (866) 564-6574	$26.3M
63	Century Securities Associates Inc. 501 N. Broadway St. Louis, MO 63102 centurysecurities.com (314) 342-4050	$25.0M
64	First Midwest Securities Inc. 207 W. Jefferson St., Suite 102 Bloomington, IL 61701 firstmidwestsecurities.com (800) 662-8452	$22.7M
65	Harbour Investments Inc. 575 D’Onofrio Drive, Suite 300 Madison, WI 53719 harbourinv.com (888) 855-6960	$22.5M
66	Prospera Financial Services Inc. 5429 LBJ Freeway, Suite 400 Dallas, TX 75240 joinprospera.com (972) 581-3000	$21.3M
67	Capital Investment Co. 17 Glenwood Ave. Raleigh, NC 27603 capital-invest.com (919) 831-2370	$19.5M
68	Wall Street Financial Group Inc. 255 Woodcliff Drive Fairport, NY 14450 wsfg.com (800) 836-4652	$18.8M
69	Ensemble Financial Services Inc. 179 Sully’s Trail, Suite 302 Pittsford, NY 14534 ensemblefs.com (585) 419-1010	$13.1M
70	CFD Investments Inc. 2704 S. Goyer Road Kokomo, IN 46902 joincfd.com, cfdinvestments.com (765) 453-9600	$12.1M
71	IMS Securities Inc./IMS Financial Advisors Inc. W. 8 Tower, 10205 Westheimer Road, Suite 500 Houston, TX 77042 ims-securities.com (713) 266-2993	$10.6M
72	Leonard & Co. 1450 W. Long Lake Road, Suite 150 Troy, MI 48098 leonardandcompany.com (248) 952-5858	$10.2M
73	Spire Investment Partners LLC 12355 Sunrise Valley Drive Reston, VA 20191 spireip.com (703) 748-5815	$8.2M
74	Synergy Investment Group 8320 University Executive Park Drive, Suite 110 Charlotte, NC 28262 synergyinvestments.com (704) 333-7637	$7.5M
75	Coordinated Capital Securities Inc. 704 River Place, Commerce Center III Madison, WI 53716 ccsmadison.com (608) 221-4545	$5.6M
76	GBS Financial Corp. 558 B St. Santa Rosa, CA 95401 gbsfinancial.com (707) 568-2400	$4.7M
77	TFS Securities Inc. 437 Newman Springs Road Lincroft, NJ 07738 tfsweb.com (732) 758-9300	$1.6M

If you have questions about investments you made with one of these firms, The White Law Group may be able to help. For a free consultation, please call the firm’s Chicago office at 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

Lance Nathaniel Scida (a registered representative in Wichita, Kansas ) and Dennis Dale Bailey (a registered representative in Highlands Ranch, Colorado ) suspended from FINRA for representations regarding CMOs.

D. Daxton White — Wed, 24 Mar 2010 00:30:33 +0000

FINRA recently announced that Lance Nathaniel Scida (a registered representative in Wichita, Kansas) and Dennis Dale Bailey (a registered representative in Highlands Ranch, Colorado) submitted an Offer of Settlement in which they were suspended from association with any FINRA member in any capacity for two years. Without admitting or denying the allegations, Scida and Bailey consented to the described sanctions and to the entry of findings that they made unsuitable recommendations to customers to open accounts with their member firm for purposes of buying and selling CMO securities. The findings further stated that Scida and Bailey did not have reasonable grounds to believe that their recommendations were suitable for their customers in light of their investment objectives, risk tolerance and investment experience. The findings also stated that, in connection with the sale of CMOs, Scida and Bailey made material misrepresentations and omitted material facts, including representing that investing in CMOs would reap substantial returns with virtually no risk. Finally, the findings also included that Scida and Bailey exercised discretion in customer’s non-discretionary accounts without written authorization signed by any of their clients and a firm principal.

According to his FINRA Broker Report (CRD), Lance Nathaniel Scida has worked as a registered representative with Northwestern Mutual Investment Services, LLC, VFinance Investments, Inc., and Chicago Investment Group, LLC. It appears that Dennis Bailey has worked at VFinance Investments, Inc., Chicago Investment Group, LLC, and Samco Financial Services, Inc.

If you have questions about investments you made with Dennis Bailey or Lance Scida, or if you believe that you have been the victim of a securities fraud, the Law Offices of David A. Carter, P.A. may be able to help. David A. Carter is a securities lawyer based in Boca Raton, Florida. He reviews securities fraud cases throughout the country and Kansas, including reviewing securities fraud cases in Topeka, Wichita, Manhattan, and Kansas City. For more information on the firm’s securities fraud practice, please visit http://www.carterpa.com. To contact the Law Offices of David A. Carter, P.A., please call 561-750-6999 or email us at contact@carterpa.com.

The White Law Group, LLC » VFinance

Top Independent Broker-Dealers According to Investment News

Lance Nathaniel Scida (a registered representative in Wichita, Kansas ) and Dennis Dale Bailey (a registered representative in Highlands Ranch, Colorado ) suspended from FINRA for representations regarding CMOs.