According to data compiled from firms that participated in InvestmentNews' independent broker-dealer surveys, the top 10 broker-dealers have grown at a breakneck pace. Here are the top 10 broker-dealers ranked by 2020 growth:
- Royal Alliance Associates Inc.
2020 revenue: $961.1 million
2019 revenue: $603.9 million
Change: 59.1%
- Avantax Wealth Management
2020 revenue: $507.9 million
2019 revenue: $373.1 million
Change: 36.1%
- Woodbury Financial Services
2020 revenue: $498.1 million
2019 revenue: $373.6 million
Change: 33.3%
- Arete Wealth Management
2020 revenue: $36.5 million
2019 revenue: $30.1 million
Change: 21.3%
- Veritas Independent Partners
2020 revenue: $1.2 million
2019 revenue: $793,829
Change: 20.8%
- Nationwide Planning Associates Inc.
2020 revenue: $21.7 million
2019 revenue: $19.0 million
Change: 14.1%
- Packerland Brokerage Services Inc.
2020 revenue: $26.8 million
2019 revenue: $23.7 million
Change: 13.4%
- Independent Financial Group
2020 revenue: $193.5 million
2019 revenue: $174.2 million
Change: 11.1%
- Northwestern Mutual Investment Services
2020 revenue: $1.35 billion
2019 revenue: $1.22 billion
Change: 10.8%
- Royal Alliance Associates Inc.
2020 revenue: $1.0 billion
2019 revenue: $906.7 million
Change: 10.4%
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