How much revenue are independent broker-dealers bringing in from client fees?
As part of its FP50 special report, Financial Planning tracks the breakdown between fee and commission revenue. Here are the IBDs with the highest percentage of fee revenue.
See the list below or click through to see the IBDs that topped the list.
1. Founders Financial Securities
FP50 Rank: 71
Fee Revenue (000): $11,672
% of Total Revenue: 64
2. PlanMember Securities
FP50 Rank: 60
Fee Revenue (000): $33,884
% of Total Revenue: 59.3
3. Commonwealth Financial Network
FP50 Rank: 4
Fee Revenue (000): $440,381
% of Total Revenue: 53.6
4. Geneos Wealth Management
FP50 Rank: 47
Fee Revenue (000): $55,576
% of Total Revenue: 53.2
5. Cambridge Investment Research
FP50 Rank: 8
Fee Revenue (000): $277,686
% of Total Revenue: 48.3
6. Northwestern Mutual
FP50 Rank: 7
Fee Revenue (000): $308,622
% of Total Revenue: 47.2
7. Ameriprise Financial
FP50 Rank: 2
Fee Revenue (000): $1,491,487
% of Total Revenue: 46
8. KMS Financial Services
FP50 Rank: 55
Fee Revenue (000): $35, 722
% of Total Revenue: 45.3
9. Lincoln Investment Planning
FP50 Rank: 29
Fee Revenue (000): $85,622
% of Total Revenue: 44
10. Cetera Financial Specialists
FP50 Rank: 45
Fee Revenue (000): $47,208
% of Total Revenue: 41.8
