FP50: Which IBDs Pulled in the Most Fee Revenue?

Fees vs. commissions -- how much do the top independent broker-dealers rely on fee-based revenue?

Here Financial Planning ranks the top IBDs by percentage of fee revenue. The following firms reported the highest portion of fee-based business. See which ones reported over 50% fee revenue.

Data is as of year-end 2014; page through to see the list or click here to see a single-page version.

These independent broker-dealers reported the highest portion of fee-based business.

These independent broker-dealers reported the highest portion of fee-based business.