The 15 largest independent brokerages are shown in the slideshow below according to their yearly income, which the firms gave to Financial Planning for the 2024 IBD Elite research. Following mega-deals by two of the channel’s titans, Osaic and Cetera Financial Group, which absorbed several of last year’s placeholders, three newcomers to the list—Park Avenue Securities, Principal Securities, and Lincoln Investment Planning—moved into the Nos. 15–13 spaces. 

Another company that made this year’s list, Atria, is currently being acquired by LPL Financial, the company that consistently ranks first.

Notes: The companies are ranked below by their 2023 revenue, as reported by the firms themselves. we rely on each firm to state their annual metrics accurately and rounds each figure. The industry term “producing registered representative” refers to each firm’s most accurate count of financial advisors using the firm as their brokerage or RIA. “Other revenue” means any other business besides sales commissions and advisory fees. Each metric is as of year-end 2023. “N/A” stands for “not available.”