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No. 12 Financial Planning IBD Elite 2026

Principal Securities: Independent Broker-Dealer Profile

Legal name: Principal Securities, Inc. · Des Moines, IA

$542.3M2025 Revenue
+11.8%YoY Growth
1,404Producing Reps
1968Founded

Quick Facts

2026 RankNo. 12 (Financial Planning IBD Elite 2026)
Legal NamePrincipal Securities, Inc.
HeadquartersDes Moines, IA
Founded1968
2025 Revenue$542.3 million (+11.8% YoY)
Producing Reps1,404
Client Assets$95.7 billion
PrincipalsMichael Murray, Chief Executive; parent Principal Financial Group (Nasdaq: PFG)
EmployeesParent has approx. 19,700
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Revenue, growth and (for ranks 1–15) rep and asset figures: Financial Planning IBD Elite 2026, self-reported by firms. Other figures as noted.

About Principal Securities

Principal Securities is the retail broker-dealer and registered investment adviser of Principal Financial Group, a retirement, asset management and insurance company founded in 1879.

Services Offered

Principal Securities advisors offer brokerage and advisory accounts, retirement planning and rollover guidance, and access to Principal's retirement and asset management capabilities.

Leadership

Michael Murray (listed as chief executive by Financial Planning); parent Principal Financial Group (Nasdaq: PFG), led by Deanna Strable, Chair, President & CEO.

Principal Securities in the News

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