FP82916_0.png

FP50 2016: Which IBDs have the most support to comply with regulations?

Advisers and firms are facing an onslaught of additional compliance requirements with eight months left before the fiduciary rule becomes compulsory. Additionally, more Wall Street-focused regulations are expected to follow the November election. These independent broker-dealers have the most manpower tackling regulatory challenges.

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 and shows the number of compliance professionals a firm has on corporate staff. It does not take into account those that fall under the governance or risk job descriptions.

FP50 2016: Which IBDs have the most support to comply with regulations?

Advisers and firms are facing an onslaught of additional compliance requirements with eight months left before the fiduciary rule becomes compulsory. Additionally, more Wall Street-focused regulations are expected to follow the November election. These independent broker-dealers have the most manpower tackling regulatory challenges.

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.
FP82916_10.png

10. Waddell & Reed Financial Advisors

FP50 Rank: 11
Compliance Staff: 54
FP82916_9.png

9. Commonwealth Financial Network

FP50 Rank: 4
Compliance Staff: 65
FP82916_8.png

8. Securities America

FP50 Rank: 10
Compliance Staff: 91
FP82916_7.png

7. Northwestern Mutual Investment Services

FP50 Rank: 6
Compliance Staff: 92
FP82916_6.png

6. FSC Securities

FP50 Rank: 24
Compliance Staff: 128

(Note: This firm is a member of the Advisor Group network of broker-dealers, which shares 128 compliance staff.)
FP82916_5.png

5. Woodbury Financial

FP50 Rank: 27
Compliance Staff: 128

(Note: This firm is a member of the Advisor Group network of broker-dealers, which shares 128 compliance staff.)
FP82916_4.png

4. SagePoint Financial

FP50 Rank: 20
Compliance Staff: 128

(Note: This firm is a member of the Advisor Group network of broker-dealers, which shares 128 compliance staff.)
FP82916_3.png

3. Royal Alliance Associates

FP50 Rank: 12
Compliance Staff: 128

(Note: This firm is a member of the Advisor Group network of broker-dealers, which shares 128 compliance staff.)
FP82916_2.png

2. Raymond James Financial Services

FP50 Rank: 3
Compliance Staff: 195
MORE FROM FINANCIAL PLANNING