How many broker-dealers are there in the US?

The total number of broker-dealers registered with the Financial Industry Regulatory Authority continues to decline, falling by 2.3% — or by 82 firms — to 3,435 in 2020 from 3,517 in 2019, according to FINRA’s 2021 industry snapshot.

What are examples of broker-dealers?

What Are Examples of Brokers-Dealers? Some of the most well-known broker-dealers are Charles-Schwab, E-Trade, and TD Ameritrade. Some of these, like Charles-Schwab, are full-scale financial services firms, while E-Trade and TD Ameritrade are primarily online brokerage firms.

Is Charles Schwab an independent broker-dealer?

Schwab Advisor Services™ serves independent investment advisors and includes the custody, trading, and support services of Charles Schwab & Co., Inc. (“Schwab”), Member SIPC. Independent investment advisors are not owned by, affiliated with, or supervised by Schwab.

Is Wells Fargo an independent broker-dealer?

Wells Fargo is both an investment advisory firm and a broker-dealer.

Is Fidelity a broker-dealer?

Unless we specifically state otherwise, Fidelity is acting as a broker-dealer with respect to your account and as a broker-dealer and insurance agent with respect to any insurance product.

Is TD Ameritrade a brokerage account?

Whatever your strategy might be, TD Ameritrade has an online brokerage account suited for you. Whether you’re looking for a standard, retirement, education, or a specialty account, we’ll help you find and open your account so you can start pursuing your financial goals today.

Is chase a broker-dealer?

Important Disclosures J.P. Morgan Wealth Management is a business of JPMorgan Chase & Co., which offers investment products and services through J.P. Morgan Securities LLC (JPMS), a registered broker-dealer and investment advisor, member FINRA and SIPC. INVESTMENT AND INSURANCE PRODUCTS ARE: NOT FDIC INSURED.

Who is the largest broker dealer in the US?

Who is the largest broker-dealer in the US? Fidelity Investments The company has $10.4 trillion in total customer assets. This is the largest broker-dealer in the United States.

What are the largest brokerage firms in the US?


  • AON PLC. Revenue:$10 billion Headquarters: The Aon Centre,The Leaden hall Building 122 Leaden hall St.
  • Betters Insurance Dayton,MN 55327 Tel: 1 (612) 438-3377 Email: Betters Insurance is an independent insurance agency.
  • What are the different types of broker dealers?

    Types of Broker Dealers. Some of the most common types of broker-dealers include: Introducing brokers. Clearing brokers. Investment brokers. Market makers. Some additional types of broker-dealers that are not seen as frequently include floor brokers, discount brokers, and high-frequency traders. There is a wide variety of types of broker

    Who regulates broker dealers?

    The Financial Industry Regulatory Authority ( FINRA) oversees US-based broker-dealer firms, registered brokers, and market dealings. Brokers must be registered with FINRA in order to trade securities with the public. FINRA plays a big role in market security by watching for manipulation or fraud.