IBDs with the highest commission revenue
September 6, 2016 3:22 PM
FP50 2016: Which IBDs made the most in commissions?
For the first time since 2009, the 50 biggest independent broker-dealers saw a decline in commission-based revenue. Among the top 10, seven had declining sales growth between 2014 and 2015. Nevertheless, there are still plenty of firms relying on this traditional brokerage model to make money. For example, AXA Advisors rakes in almost four times the revenue from commission accounts than fee accounts. See which firms topped the list and how they stack up year over year.
For more in-depth coverage, please seeA 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 most female reps and IBDs with the highest-fee-based revenue .
Data as of year-end 2015.
For more in-depth coverage, please see
Data as of year-end 2015.
10. MML Investors Services
Commission Revenue ($000): $265,803
% Change: -1.6%
% Change: -1.6%
9. Voya Financial Advisors
Commission Revenue ($000): $276,557
% Change: -3.9%
% Change: -3.9%
8. Northwestern Mutual Investment Services
Commission Revenue ($000): $282,911
% Change: -0.5%
% Change: -0.5%
7. Cetera Advisor Networks
Commission Revenue ($000): $285,271
% Change: -5%
% Change: -5%
6. Commonwealth Financial Network
Commission Revenue ($000): $286,544
% Change: -3.3%
% Change: -3.3%
5. AXA Advisors
Commission Revenue ($000): $562,003
% Change: 1.6%
% Change: 1.6%
4. Lincoln Financial Network
Commission Revenue ($000): $629,192
% Change: 3.5%
% Change: 3.5%
3. Raymond James Financial Services
Commission Revenue ($000): $676,995
% Change: 1.6%
% Change: 1.6%
2. Ameriprise Financial Services
Commission Revenue ($000): $1,399,861
% Change: -0.3%
% Change: -0.3%
1. LPL Financial
Commission Revenue ($000): $1,920,822
% Change: -7%
% Change: -7%
