Cambridge is a Financial Solutions Firm
– a large corporate RIA; and Cambridge Investment Research, Inc. – an independent broker–dealer, member FINRA/SIPC, that is among the largest privately controlled independent broker–dealers in the country.
Similarly, who does Cambridge clear through?
Broker Dealer lists Wells Fargo Clearing Services as its only clearing agreement, while Cambridge uses Pershing and Fidelity’s National Financial Services. The selling firm manages $698.6 million in advisory assets, or 20% of its total client assets, but the buyer has $40.3 billion, or 42% of its $96.9 billion in AUA.
- Principal Securities. Headquarters: Des Moines, Iowa. …
- SagePoint Financial. Network: Advisor Group. …
- Woodbury Financial Services. Network: Advisor Group. …
- Kestra Financial. Headquarters: Austin, Texas. …
- Equitable Advisors. Headquarters: New York. …
- MML Investors Services. Parent: MassMutual. …
- Cetera Financial Group. …
- Ameriprise.
Simply so, is Cambridge a good investment company?
Cambridge is legitimate in that it is a member of FINRA, the Financial Industry Regulatory Agency, the governing body of all securities dealers.
Who is the largest clearing firm?
Rank Firm Parent company Main phone Website B-D clients % chg. vs.
| Rank | Firm | Main phone |
|---|---|---|
| 1 | Pershing LLC | (201) 413-1000 |
| 2 | Penson Worldwide Inc. | (214) 765-1100 |
| 3 | National Financial Services LLC | (877) 262-5950 |
| 4 | Broadcort & Merrill Lynch Professional Clearing Corp. | (800) 246-0561 |
Who uses first clearing?
Wells Fargo Clearing Services, LLC
Who are the top 10 brokerage firms?
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- Charles Schwab. “2019 Annual Report,” page 23. …
- Fidelity. “We are Fidelity.” Accessed Aug. …
- Charles Schwab. …
- Charles Schwab. …
- Charles Schwab. …
- Charles Schwab. …
- Charles Schwab. …
- Charles Schwab.
Who is the largest broker-dealer in the United States?
Fidelity Investments
Why do I need a broker-dealer?
Broker–dealers fulfill several important functions in the financial industry. These include providing investment advice to customers, supplying liquidity through market making activities, facilitating trading activities, publishing investment research and raising capital for companies.