As we compiled this year’s annual FP50 rankings, editors and writers pored through the data for signs of industry change. Several shifts were apparent. One of the most dramatic? A sharp move toward fee-based revenue.
This swing represents “the changing of the guard within the industry,” contributing writer Craig L. Israelsen, who helped analyze the data, tells me. Among the top 50 firms, commission revenue fell by about 2.5%, on average, whereas fee revenue increased by about 10%. Next year, Israelsen expects “more of the same — fee revenue increasing and commission revenue on the decrease.”
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access