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Which IBDs Have the Most High-End Accounts?

Wealthier clients can offer a fast track to advisor success -- particularly for planners with greater fee-based business. So when it comes to client assets, how do the various independent broker-dealers compare? The FP50 tracks the percentage of client accounts with more than $100,000; many of the top spots, it turns out, are held by smaller boutique firms. Click through to see the independent B-Ds with the most high-end accounts, or see the list in a one-page version here.

1. J.W. Cole Financial 1. J.W. Cole Financial

FP50 Rank: 59
Total Client Assets (000): $7,985,654
% ACCTS. > $100K:68

2. Investment Center 2. Investment Center

FP50 Rank: 62
Total Client Assets (000): $5,600,000
% ACCTS. > $100K: 66

3. Harbour Investments 3. Harbour Investments

FP50 Rank: 68
Total Client Assets (000): $6,404,500
% ACCTS. > $100K: 57

4. Kovack Advisors 4. Kovack Advisors

FP50 Rank: 64
Total Client Assets (000): $4,823,512
% ACCTS. > $100K: 45

5. American Portfolios Financial Services 5. American Portfolios Financial Services

FP50 Rank: 32
Total Client Assets (000): $29,739,192
% ACCTS. > $100K: 39

6. Cadaret, Grant 6. Cadaret, Grant

FP50 Rank: 34
Total Client Assets (000): $7,615,607
% ACCTS. > $100K: 35

7. Northwestern Mutual 7. Northwestern Mutual

FP50 Rank: 7
Total Client Assets (000): $50,933,154
% ACCTS. > $100K: 33

8. Raymond James Financial Services 8. Raymond James Financial Services

FP50 Rank: 3
Total Client Assets (000): $191,660,000
% ACCTS. > $100K: 31

9. Commonwealth Financial Network 9. Commonwealth Financial Network

FP50 Rank: 4
Total Client Assets (000): $85,992,000
% ACCTS. > $100K: 26

10. LPL Financial 10. LPL Financial

FP50 Rank: 1
Total Client Assets (000): $438,400,000
% ACCTS. > $100K: 23

The FP50 tracks the percentage of client accounts with more than $100,000; many of the top spots, it turns out, are held by smaller boutique firms.

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