List of DC Broker Dealers and RIAs
There are various types of national Broker dealers (BDs) and Registered Investment Advisors (RIAs) including:
- Wire Houses and Employee Based –Reps are employees rather than independent contractors.
- Insurance – Also employee based, this group has emerged from traditional life insurance agencies.
- Independents – Advisors are independent contractors.
- Specialty Groups – Some are BDs, some are RIAs and other are just groups that have emerged to focus on supporting DC plan advisors.
|Broker Dealers/Advisory Firms (48)|
|National (Employee) 9|
|Merrill Lynch||Wells Fargo Advisors*|
|Morgan Stanley||*Both Indy & Employee|
|Commonwealth||Securities of America|
|First Allied||Stifel Nicolaus|
|Hilliard Lyons||United Planners|
|Specialty Groups 13|