FP50 2017 comission
FP50 2017: Which IBDs made the most in commissions?
Commission revenue fell for all but six of the top firms on the Financial Planning’s exclusive FP50 ranking of independent broker-dealers last year and, for many, well in excess of 10%. Nevertheless, most firms rely heavily on commissions in their revenue mix. The No. 1 firm brought in far more commission income than even its closest competitor: $350 million more than the No. 2 on our list. See which firms topped the list and how they stack up year-over-year.

For more in-depth coverage, please see A Case for Optimism. Take a deep dive into the data with our list of Top IBDs by revenue growth. And to find the firms with the highest share of accounts topping $100,000, see Which IBDs have the biggest client accounts?

Data as of year-end 2016.
FP50 2017 commission cetera
10. Cetera Advisor Networks
Commission revenue: $246.5 million
% change from 2015: (13.6%)
FP50 2017 commission Voya
9. Voya Financial Advisors
Commission revenue: $252.7 million
% change from 2015: (8.6%)
FP50 2017 commission signator
8. Signator Investors
Commission revenue: $264.6 million
% change from 2015: 13.4%
FP50 2017 commission Northwestern
7. Northwestern Mutual Investment Services
Commission revenue: $270.3 million
% change from 2015: (4.5%)
FP50 2017 Commonwealth
6. Commonwealth Financial Network
Commission revenue: $276.7 million
% change from 2015: (3.4%)
FP50 2017 commission AXA
5. AXA Advisors
Commission revenue: $536.8 million
% change from 2015: (4.5%)
FP50 2017 commission Lincoln
4. Lincoln Financial Network
Commission revenue: $591.4 million
% change from 2015: (6.0%)
FP50 2017 commission Raymond James
3. Raymond James Financial Services
Commission revenue: $648.4 million
% change from 2015: (4.2%)
FP50 2017 commission Ameriprise
2. Ameriprise Financial
Commission revenue: $1.33 billion
% change from 2015: (4.9%)
FP50 2017 commission LPL
1. LPL Financial
Commission revenue: $1.68 billion
% change from 2015: (12.4%)
MORE FROM FINANCIAL PLANNING