What are the top broker dealers in the US?
A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers.
| Platform | Assets under management, 2022 (trillions) | Change |
|---|---|---|
| Charles Schwab | $6.60 | 24% |
| Fidelity | $3.60 | 22% |
| J.P. Morgan | $2.60 | 23% |
| Bank of America/Merrill Lynch | $1.30 | 15% |
| Stock Brokerage Firm | Assets under management* |
|---|---|
| Vanguard Group | $8.6 trillion |
| Charles Schwab | $8.5 trillion |
| Fidelity Investments | $4.4 trillion |
| JPMorgan Chase & Co. | $3.9 trillion |
A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers.
| Top Brokerage Firms by AUM and Number of Accounts | ||
|---|---|---|
| 1 | Charles Schwab | 33.9 million |
| 2 | Fidelity Investments | 40.9 million |
| 4 | TD Ameritrade | 11 million |
| 3 | E*Trade | 5.2 million |
- Fidelity.
- E*TRADE.
- Charles Schwab.
- Merrill Edge.
- Interactive Brokers.
- Firstrade.
- tastytrade.
- Ally.
The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel One and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.
- About Arete Wealth. ...
- Arete Wealth manages more than $6.0 billion in total assets through its 252 registered representatives, spread across 92 offices in the U.S. Find out more at www.aretewealth.com.
- Contact:
The number of brokerage firms has declined 7% over the past five years. At the end of 2022, there were 3,378 broker-dealers serving the industry.
- Fidelity Investments.
- Robinhood.
- E-Trade.
- Interactive Brokers.
- Merrill Edge.
- Ally Invest.
- Tastytrade.
- WellsTrade.
What are examples of broker-dealers?
Wirehouses like Morgan Stanley and Wells Fargo, discount brokerages like Charles Schwab and TD Ameritrade and independent firms like LPL Financial and Raymond James are all broker-dealers. Robo-advisors like Betterment and Sofi have affiliated broker-dealers (Betterment Securities and Sofi Securities).
Brokerage services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.
Charles Schwab & Co., Inc. (Schwab) is a broker-dealer registered with the Securities and Exchange Commission (SEC). The summary below highlights the nature of the brokerage relationship with our clients. Schwab is also an investment adviser registered with the SEC.
Charles Schwab (SCHW) Ownership Overview
Approximately 62.26% of the company's stock is owned by Institutional Investors, 6.13% is owned by Insiders and 31.61% is owned by Public Companies and Individual Investors.
1. Interactive Brokers: Known for its advanced trading tools and low fees, Interactive Brokers is favored by many experienced traders, including billionaires. Its robust features allow for customization and execution of complex trading strategies.
- Fidelity Investments.
- Interactive Brokers.
- Charles Schwab.
- Webull.
- J.P. Morgan Self-Directed Investing.
- Robinhood.
- SoFi Active Investing.
- E*TRADE.
Fidelity serves more than 43 million accounts, while Charles Schwab has more than 34 million accounts. Charles Schwab has $8.2 trillion in client assets, while Fidelity has $11.5 trillion in assets under administration.
- 5Paisa.
- Motilal Oswal.
- Edelweiss.
- SBICAP Securities.
- Axis Direct.
- IIFL Securities.
- Ventura Securities.
- Anand Rathi.
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 adviser, member FINRA, and SIPC.
| Broker | Best for | Promotion |
|---|---|---|
| Fidelity Investments | Overall trading | Get $100 when you open a new account with $50 or more. |
| E-Trade | Mobile app | N/A |
| TD Ameritrade | Investor education | N/A |
| Charles Schwab | Long-term investing | N/A |
Which is the most trusted brokerage in the world?
- Best Overall: Fidelity Investments.
- Best Broker for ETFs: Fidelity Investments.
- Best Broker for Low Costs: Fidelity Investments.
- Best Broker for Advanced Traders: Interactive Brokers.
- Best Broker for International Trading: Interactive Brokers.
- ET Spotlight. 1/6. The leaders. ...
- ETMarkets.com. 2/6. Zerodha. ...
- Getty Images. 3/6. Groww. ...
- ETMarkets.com. 4/6. Angel One. ...
- Agencies. 5/6. Upstox. ...
- Agencies. 6/6. ICICI Securities.
Myth #1: All Stockbrokers Make Millions
The average stockbroker doesn't make anything near the millions that we tend to imagine. In fact, some lose a lot of money through their trading activities. The majority of companies pay their employees a base salary plus commission on the trades they make.
- Step 1: Know Your Needs. ...
- Step 2: Narrow the Field. ...
- Step 3: Figure Out the Fees. ...
- Step 4: Test the Broker's Platform. ...
- Step 5: How Well Does the Stock Broker Educate Its Clients? ...
- Step 6: Ease of Depositing and Withdrawing Funds.
- Review your personal finances.
- Determine your financial goals.
- Know the risks you are willing to take.
- Determine the type of broker-dealer that best suits your needs.
- Interview a number of broker-dealers and agents.
- Meet each agent in his office and ask the following questions:
