Slideshow IBDs with the highest fee-based revenue

Published
  • August 10 2016, 2:21pm EDT

FP50 2016: Which IBDs made the most?

Revenue from fee-based accounts increased by 200.3% over the last eight years for the 50 biggest independent broker-dealers. That’s more than double the growth of both total revenue and commission revenue. See which firms topped the list, and how they stack up year over year.

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 are as of year-end 2015.

10. Royal Alliance Associates

Fee Revenue ($000): $210,975
% Change: 6.4%

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8. Waddell & Reed Financial Advisors

Fee Revenue ($000): $225,688
% Change: 10.7%

8. Cetera Advisor Networks

Fee Revenue ($000): $228,206
% Change: 2.5%

7. Securities America

Fee Revenue ($000): $242,900
% Change: 8.5%

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6. Cambridge Investment Research

Fee Revenue ($000): $366,695
% Change: 10.3%

5. Northwestern Mutual Investment Services

Fee Revenue ($000): $439,327
% Change: 14.2%

4. Commonwealth Financial Network

Fee Revenue ($000): $597,164
% Change: 11.1%

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3. Raymond James Financial Services

Fee Revenue ($000): $802,234
% Change: 17.4%

2. LPL Financial

Fee Revenue ($000): $1,343,661
% Change: 1.1%

1. Ameriprise Financial Services

Fee Revenue ($000): $1,938,499
% Change: 9%

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