Are broker/dealers registered with the SEC?

Most “brokers” and “dealers” must register with the SEC and join a “self-regulatory organization,” or SRO. This section covers the factors that determine whether a person is a broker or dealer.

What companies are registered broker-dealers?

There are two types of broker-dealers….Ranking Broker-Dealers.

Top 15 Broker-Dealers by Assets Under Management
Brokerage	AUM	Date
Fidelity Investments	$11.1 trillion	June 30, 2021
Charles Schwab	$6.7 trillion	Dec. 31, 2020
Wells Fargo Advisors	$1.8 trillion	March 31, 2021

How do you check if a broker is licensed?

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC’s Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

How do you tell if a company is a broker-dealer?

You can obtain background information on broker-dealer firms and their registered financial professionals—including registration, licensing, and disciplinary history—by using FINRA BrokerCheck or calling us toll-free (800) 289-9999. You can also contact your state securities regulator.

Who is the best independent broker-dealer?

LPL Financial LLC
Rankings

	Firm	Reps ▼
1	LPL Financial LLC	16,464
2	Lincoln Financial Network	9,046
3	Northwestern Mutual Investment Services	7,794
4	Ameriprise Financial Services, LLC	7,740

Who is the largest independent broker-dealer?

LPL Financial
The largest independent broker-dealers in the United States in 2020, by gross revenue, was LPL Financial. The firm had around 5.87 billion U.S. dollars of gross revenue, and was followed by Ameriprise Financial, with gross revenues of around 5.04 billion U.S. dollars.

How do I check a stock broker’s record?

An easy way to check out an investment professional is to use the free search tool available on Investor.gov, which will direct you to the SEC’s Investment Adviser Public Disclosure website (IAPD website). You can also visit the IAPD website directly, FINRA’s BrokerCheck program, and/or your state securities regulator.

Who is required to register with the SEC?

Firms that manage more than $25 million in assets in under management and have at least one managed account need to register with the SEC or the state(s) in which they are located and/or doing business.

What is a broker salary?

Broker Salaries

Job Title	Salary
Bta Sales Broker salaries – 2 salaries reported	$86,250/yr
Stratton Finance Broker salaries – 2 salaries reported	$87,500/yr
Sales HQ Broker salaries – 2 salaries reported	$218,334/yr
Ausloans Broker salaries – 2 salaries reported	$120,000/yr