Northwestern Mutual has been ranked sixth among the nation’s leading independent broker-dealers by Financial Advisor magazine, maintaining a top-10 position for over a decade. The ranking follows what the company described as a record year in 2025 across key business performance metrics.
The firm reported gross revenue growth exceeding 15% year-over-year, reaching nearly $3.5 billion by the end of 2025. Client assets under management surpassed $400 billion, while wealth sales increased more than 18% annually, marking the third consecutive year of record highs. The company’s advisor network now comprises over 8,000 full-time advisors and 11,500 team members, with more than 3,400 new financial representatives recruited in 2025.
Northwestern Mutual’s veteran advisor numbers grew for the 13th consecutive year since 2012, and 230 advisors were featured on Forbes’ Top Wealth Advisors and Best-in-State list. The company serves more than five million clients across life insurance, disability income insurance, long-term care insurance, annuities, and advisory services.