5 Biggest Stock Brokerage Firms in the US

2. The Vanguard Group

Assets under Management: $8.6 trillion

Vanguard is this huge investment advisor in Malvern, Pennsylvania, with a whopping $8.6 trillion in assets worldwide as of 2024.

In 2023, Vanguard raked in $579 million in net sales, a bit lower than the $610 million in 2022. Their net income also saw a dip, hitting $7.5 million in 2023, down from $27.4 million in 2022. Still chugging along in the stock brokerage game!

Vanguard’s brokerage account has some cool features, which you can use it to save up for all kinds of things like a new house, car, wedding, or even a fancy trip. They offer Vanguard mutual funds and ETFs for your investment needs. Plus, you can get your hands on other goodies like mutual funds, ETFs, stocks, bonds, and more. But, there’s a $25 annual account fee hanging around. Don’t sweat it, though! You can skip that fee entirely and stick with Vanguard for free by just going for electronic delivery of your account docs.