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Which Broker-Dealer Generates the Most Commission Revenue?

Commission revenue, mutual fund revenue and securities revenue are critical for broker-dealers. Who are the top dogs?
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Geneos Wealth Management


FP Rank: 49

Commission Revenue: $30.8 million

34% change

Mutual Fund Revenue: $9.7 million

72.6% Change

Securities Revenue: $2.4 million

8.9% Change
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Triad Advisors


FP Rank: 43

Commission Revenue: $52.3 million

13.9% change

Mutual Fund Revenue: $12.7 million

6.3% Change

Securities Revenue: $5.3 million

43.9% Change
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Securities Service Network


FP Rank: 48

Commission Revenue: $52.5 million

16.2% change

Mutual Fund Revenue: $14.7 million

16.2% Change

Securities Revenue: $4 million

1.7% Change
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VSR Financial Services


FP Rank: 46

Commission Revenue: $58.1 million

17% change

Mutual Fund Revenue: $10.9 million

9.7% Change

Securities Revenue: $5.3 million

16.2% Change
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Genworth Financial Securities


FP Rank: 41

Commission Revenue: $58.3 million

0.5% change

Mutual Fund Revenue: $36.4 million

5.8% Change:

Securities Revenue: $1.6 million

9.7% Change
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Investment Centers of America


FP Rank: 50

Commission Revenue: $62.5 million

8% change

Mutual Fund Revenue: $18.1 million

4.8% Change:

Securities Revenue: $4.6 million

3.3% Change
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ProEquities


FP Rank: 42

Commission Revenue: $77.7 million

18.5% change

Mutual Fund Revenue: $34.6 million

18.5% Change

Securities Revenue: $6 million

15.6% Change
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Walnut Street Securities


FP Rank: 39

Commission Revenue: $78.2 million

5.2% change

Mutual Fund Revenue: $30.6 million

0.2% Change

Securities Revenue: $2.7 million

20.4% Change
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CFG/H. Beck


FP Rank: 44

Commission Revenue: $79 million

20% change

Mutual Fund Revenue: $26.3 million

8.7% Change

Securities Revenue: $4.1 million

8.8% Change
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American Portfolios Financial Services


FP Rank: 37

Commission Revenue: $79.6 million

14.5% change

Mutual Fund Revenue: $26.6 million

6.7% Change

Securities Revenue: $10.6 million

6.6% Change
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Centaurus Financial


FP Rank: 47

Commission Revenue: $80.3 million

9.7% change

Mutual Fund Revenue: $8.4 million

5.9% Change

Securities Revenue: $1.6 million

16.3% Change
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Ameritas Investment


FP Rank: 38

Commission Revenue: $87.6 million

11.3% change

Mutual Fund Revenue: $22.4 million

5.3% Change

Securities Revenue: $6.9 million

6.5% Change
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CUSO Financial Services


FP Rank: 40

Commission Revenue: $88.1 million

5.1% change

Mutual Fund Revenue: $25.6 million

69.5% Change

Securities Revenue: $4.1 million
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Next Financial Group


FP Rank: 35

Commission Revenue: $88.8 million

11.5% change

Mutual Fund Revenue: $23.2 million

3.4% Change

Securities Revenue: $10.6 million

19.5% Change
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MultiFinancial Securities


FP Rank: 29

Commission Revenue: $96.1 million

32.4% change

Mutual Fund Revenue: $27.4 million

80.7% Change

Securities Revenue: $7.4 million
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Allstate Financial Services


FP Rank: 45

Commission Revenue: $96.3 million

6.1% change

Mutual Fund Revenue: $16.1 million

7.1% Change

Securities Revenue: $446 million

33.4% Change
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SII Investments


FP Rank: 31

Commission Revenue: $103 million

13.5% change

Mutual Fund Revenue: $22 million

6.6% Change

Securities Revenue: $2.4 million

8.2% Change
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Park Avenue Securities


FP Rank: 32

Commission Revenue: $103.1 million

14.6% change

Mutual Fund Revenue: $22.6 million

1.4% Change

Securities Revenue: $2 million

5.3% Change
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Cadaret Grant


FP Rank: 34

Commission Revenue: $103.1 million

9.4% change

Mutual Fund Revenue: $46.4 million

5.9% Change

Securities Revenue: $8.3 million

5.6% Change
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M Holdings Securities


FP Rank: 36

Commission Revenue: $112.1 million

4.6% change

Mutual Fund Revenue: $5.2 million

13% Change

Securities Revenue: $6.1 million

196.6% Change
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CUNA Brokerage Services


FP Rank: 33

Commission Revenue: $119.4 million

Mutual Fund Revenue: $17.2 million

Securities Revenue: $1.8 million
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Transamerica Financial Advisors


FP Rank: 30

Commission Revenue: $122 million

2.4% change

Mutual Fund Revenue: $43.1 million

65.5% Change
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PrimeVest Financial Services


FP Rank: 28

Commission Revenue: $134.5 million

15.2% change

Mutual Fund Revenue: $36.4 million

77% Change

Securities Revenue: $17.5 million
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H.D. Vest Financial Services


FP Rank: 23

Commission Revenue: $136.4 million

4.6% change

Mutual Fund Revenue: $72.5 million

4.9% Change

Securities Revenue: $8.9 million

16.6% Change
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First Allied Securities


FP Rank: 24

Commission Revenue: $146 million

3.3% change

Mutual Fund Revenue: $26.3 million

1.6% Change

Securities Revenue: $33.2 million

13.1% Change
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SagePoint Financial


FP Rank: 25

Commission Revenue: $149.7 million

12.5% change

Mutual Fund Revenue: $54 million

9.9% Change

Securities Revenue: $7.2 million

10.6% Change
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FSC Securities


FP Rank: 19

Commission Revenue: $150.1 million

14.9% change

Mutual Fund Revenue: $52 million

10.4% Change

Securities Revenue: $7.4 million

19.6% Change
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Invest Financial


FP Rank: 27

Commission Revenue: $159.6 million

13.9% change

Mutual Fund Revenue: $39.1 million

11.5% Change

Securities Revenue: $9.4 million

7.5% Change
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Cambridge Investment Research


FP Rank: 9

Commission Revenue: $163.3 million

16.4% change

Mutual Fund Revenue: $52.7 million

5.5% Change

Securities Revenue: $11.1 million

10.1% Change
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Waddell & Reed


FP Rank: 16

Commission Revenue: $185.9 million

1.6% change

Mutual Fund Revenue: $124.1 million

6.4% Change

Securities Revenue $1.1 million:

46.3% Change
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Wells Fargo Advisors Financial Network


FP Rank: 12

Commission Revenue: $186.9 million

13.5% change

Mutual Fund Revenue: $63 million

13.1% Change

Securities Revenue: $61.7 million

13.9% Change
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Financial Network Investment


FP Rank: 13

Commission Revenue: $190.2 million

2.5% change

Mutual Fund Revenue: $86.1 million

73.6% Change

Securities Revenue: $10.5 million
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New England Securities


FP Rank: 21

Commission Revenue: $195.5 million

25.9% change

Mutual Fund Revenue:$30.1 million

0.6% Change

Securities Revenue: $2.3 million

13% Change
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Princor Financial Services


FP Rank: 26

Commission Revenue: $201.5 million

10.7% change

Mutual Fund Revenue: $132.4 million

7.3% Change

Securities Revenue: $2.8 million

2.3% Change
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Royal Alliance


FP Rank: 10

Commission Revenue: $204.4 million

15.3% change

Mutual Fund Revenue: $78.4 million

15.6% Change

Securities Revenue: $9.5 million

6.8% Change
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Securian Financial Services


FP Rank: 18

Commission Revenue: $215 million

5.7% change

Mutual Fund Revenue: $34.1 million

4.2% Change

Securities Revenue: $1.2 million

6.1% Change
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Woodbury Financial Services


FP Rank: 22

Commission Revenue: $221.8 million

6% change

Mutual Fund Revenue: $35.5 million

4.8% Change

Securities Revenue: $2.8 million
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Securities America


FP Rank: 8

Commission Revenue: $222.4 million

9.8% change

Mutual Fund Revenue: $135.3 million

4.1% Change

Securities Revenue: $11.5 million

16.3% Change
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John Hancock Financial Network


FP Rank: 11

Commission Revenue: $223 million

11.6% change

Mutual Fund Revenue: $36 million

8.3% Change

Securities Revenue: $660,000

28.4% Change
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NFP Advisor Services Group (and affiliates)


FP Rank: 11

Commission Revenue: $223.9 million

1.9% change

Mutual Fund Revenue: $36.5 million

6.7% Change

Securities Revenue: $4.1 million

32.8% Change
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National Planning Corporation


FP Rank: 15

Commission Revenue: $233.1 million

7.9% change

Mutual Fund Revenue: $57 million

0.3% Change

Securities Revenue: $5.6 million

9.5% Change
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Commonwealth Financial Network


FP Rank: 4

Commission Revenue: $235 million

9.4% change

Mutual Fund Revenue: $79.7 million

0.7% Change

Securities Revenue: $15.7 million

5.2% Change
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Northwestern Mutual


FP Rank: 7

Commission Revenue: $235.5 million

3.7% change

Mutual Fund Revenue: $120 million

3.2% Change

Securities Revenue: $4.7 million

4% Change
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ING Financial Partners


FP Rank: 17

Commission Revenue: $255.6 million

69.2% change

Mutual Fund Revenue: $68 million

49.4% Change

Securities Revenue: $6.7 million

10.4% Change
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MML Investor Services


FP Rank: 14

Commission Revenue: $262 million

4.9% change

Mutual Fund Revenue: $96.6 million

6.9% Change

Securities Revenue: $5.2 million

32.3% Change
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MetLife Securities


FP Rank: 6

Commission Revenue: $46.9 million

18.9% change

Mutual Fund Revenue: $35.1 million

7.4% Change

Securities Revenue: $3.5 million

3.9% Change
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AXA Advisors


FP Rank: 5

Commission Revenue: $4.73 million

5.3% change

Mutual Fund Revenue: $55.5 million

6.3% Change

Securities Revenue: $6 million

1.7% Change
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Raymond James Financial Services


FP Rank: 3

Commission Revenue $5.53 million:

7.6% change

Mutual Fund Revenue: $273.2 million

7.6% Change

Securities Revenue: $1.15 million

2.2% Change
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Ameriprise Financial Services


FP Rank 2:

Commission Revenue: $1.3 billion

12.7% Change

Mutual Fund Revenue: $593.3 million

5.6% Change
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LPL Financial


FP Rank: 1

Commission Revenue: $1.64 billion

12.7% change

Mutual Fund Revenue: $445.8 million

8.2% Change

Securities Revenue: $1.71 million

8.9% Change
This article originally appeared in Financial Planning.
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