The Investment News recently announced the most profitable “indie” brokerage firms. They are as follows:
| Rank |
Firm |
Pre-tax earnings ▼ |
| 1 |
LPL Financial LLC |
$106,217,515 |
| 2 |
H.D. Vest Financial Services |
$41,478,680 |
| 3 |
Crown Capital Securities LP |
$30,847,000 |
| 4 |
Axa Advisors LLC |
$21,300,000 |
| 5 |
Cambridge Investment Research Inc. |
$16,348,415 |
| 6 |
Uvest Financial Services Group Inc. |
$9,206,161 |
| 7 |
CUNA Brokerage Services Inc. |
$9,100,000 |
| 8 |
Financial Network Investment Corp. |
$6,826,000 |
| 9 |
First Allied Securities Inc. |
$5,240,654 |
| 10 |
Princor Financial Services Corp. |
$3,819,550 |
| 11 |
Sammons Securities Co. LLC |
$3,359,877 |
| 12 |
VSR Financial Services Inc. |
$3,266,600 |
| 13 |
John Hancock Financial Network |
$3,211,000 |
| 14 |
PrimeVest Financial Services Inc. |
$2,606,000 |
| 15 |
Summit Brokerage Services Inc. |
$2,200,000 |
| 16 |
Kovack Securities Inc. |
$1,877,640 |
| 17 |
United Planners Financial Services |
$1,852,858 |
| 18 |
Cadaret Grant & Co. Inc. |
$1,800,000 |
| 19 |
The O.N. Equity Sales Co. |
$1,664,605 |
| 20 |
Next Financial Group Inc. |
$1,648,252 |
| 21 |
Multi-Financial Securities Corp. |
$1,586,000 |
| 22 |
Financial Telesis Inc. |
$863,000 |
| 23 |
Prospera Financial Services Inc. |
$848,467 |
| 24 |
Geneos Wealth Management Inc. |
$840,355 |
| 25 |
LaSalle St. Securities LLC |
$776,587 |
If you have questions about investments you made with any of these firms, the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, 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.
For more information on The White Law Group, please visit our website at https://www.whitesecuritieslaw.com..
