As part of the FP50, Financial Planning tracks the average production of the top 20% of advisors at each independent broker-dealer along with the percentage of reps who produce more than $150,000 annually. It turns out that many of the firms with the most top-shelf advisors didn't make it to the top 50 on our original ranking of the biggest IBDs.
See which firms had the most high-end reps, the average production of their top advisors and where they ranked on the FP50.
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10. Investment Centers of America
FP50 Rank: 44
Average Production: $788,181
% of Reps > $150k: 59%
9. Prospera Financial Services
FP50 Rank: 64
Average Production: $713,000
% of Reps > $150k: 62%
8. Larson Financial
FP50 Rank: 67
Average Production: $343,000
% of Reps > $150k: 65%
7. Commonwealth Financial Network
FP50 Rank: 4
Average Production: $1,100,338
% of Reps > $150k: 71%
6. CUNA Brokerage Services
FP50 Rank: 37
Average Production: $702,488
% of Reps > $150k: 73%
5. J.W. Cole Financial
FP50 Rank: 56
Average Production: $645,322
% of Reps > $150k: 73%
4. Geneos Wealth Management
FP50 Rank: 46
Average Production: $1,091,728
% of Reps > $150k: 73%
3. LaSalle St. Securities
FP50 Rank: 66
Average Production: $425,000
% of Reps > $150k: 75%
2. Raymond James Financial Services
FP50 Rank: 3
Average Production: $1,193,383
% of Reps > $150k: 79%
1. Founders Financial Securities
FP50 Rank: 68
Average Production: $683,583
% of Reps > $150k: 84%