Slideshow Ranking the TPMs by Number of Advisors

Published
  • September 29 2014, 5:03pm EDT
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Ranking the TPMs by Number of Advisors

The nation's 11 largest third-party broker dealers—also known as third-party marketers or "TPMs"—support the investment and insurance services business of some 2,640 banks and credit unions, according to a survey by Kehrer Bielan Research & Consulting (formerly Kehrer Saltzman & Associates). Here's how they stack up in terms of the number of financial consultants they employ and/or manage.

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11. Essex National Securities

Total Financial Consultants (year-end 2013): 131
Share of All TPM-Affiliated Advisors: 2.2%
Market Share Gain/Loss from 2012: (.1%)

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10. Securities America

Total Financial Consultants (year-end 2013): 146
Share of All TPM-Affiliated Advisors: 2.4%
Market Share Gain/Loss from 2012: N/A

9. Cetera Advisor Networks

Total Financial Consultants (year-end 2013): 228
Share of All TPM-Affiliated Advisors: 3.8%
Market Share Gain/Loss from 2012: unchanged

8. INVEST Financial

Total Financial Consultants (year-end 2013): 345
Share of All TPM-Affiliated Advisors: 5.7%
Market Share Gain/Loss from 2012: (.1%)

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7. Investment Professionals

Total Financial Consultants (year-end 2013): 346
Share of All TPM-Affiliated Advisors: 5.7%
Market Share Gain/Loss from 2012: unchanged

6. Investment Centers of America

Total Financial Consultants (year-end 2013): 360
Share of All TPM-Affiliated Advisors: 5.9%
Market Share Gain/Loss from 2012: .3%

5. CUNA Brokerage Services

Total Financial Consultants (year-end 2013): 375
Share of All TPM-Affiliated Advisors: 6.2%
Market Share Gain/Loss from 2012: (.8%)

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4. CUSO Financial Services

Total Financial Consultants (year-end 2013): 608
Share of All TPM-Affiliated Advisors: 10%
Market Share Gain/Loss from 2012: .9%

3. Raymond James

Total Financial Consultants (year-end 2013): 632
Share of All TPM-Affiliated Advisors: 10.4%
Market Share Gain/Loss from 2012: (.5%)

2. Cetera Investment Services

Total Financial Consultants (year-end 2013): 637
Share of All TPM-Affiliated Advisors: 10.5%
Market Share Gain/Loss from 2012: 3.6%

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1. LPL Financial

Total Financial Consultants (year-end 2013): 2,268
Share of All TPM-Affiliated Advisors: 37.3%
Market Share Gain/Loss from 2012: 1.7%