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FP 50 2016: Which IBDs have the highest-producing reps?

Among the 50 biggest independent broker-dealers, average production among top 20% of reps was over $1 million for three firms. See who they were, as well as the 10 firms with high-end reps and their average production.

For more in-depth coverage, please see A shakeout for the nation's-biggest IBDs. Take a deep dive into the data with our list of Top 10 IBDs by revenue growth, the IBDs with the richest accounts and IBDs with the fastest-growing payouts.

Data is as of year-end 2015.
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10. Centaurus Financial

Average Production: $602,430
% of Reps >$150K: 58%
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9. Kovack Securities

Average Production: $558,000
% of Reps >$150K: 59%
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8. Investment Centers of America

Average Production: $803,199
% of Reps >$150K: 59%
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7. United Planners Financial Services

Average Production: $565,000
% of Reps >$150K: 60%
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6. CUNA Brokerage Services

Average Production: $682,032
% of Reps >$150K: 64%
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5. Geneos Wealth Management

Average Production: $1,042,883
% of Reps >$150K: 68%
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4. Commonwealth Financial Network

Average Production: $1,181,912
% of Reps >$150K: 72%
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3. Prospera Financial Services

Average Production: $941,159
% of Reps >$150K: 74%
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2. Founders Financial Securities

Average Production: $596,725
% of Reps >$150K: 77%
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1. Raymond James Financial Services

Average Production: $1,207,374
% of Reps >$150K: 80%
This article originally appeared in Financial Planning.
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