Slideshow FP50 2017: Which IBDs netted the most fees?

Published
  • July 14 2017, 1:32pm EDT
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FP50 2017: Which IBDs netted the most fees?

While overall revenue dropped for 75% of the 50 biggest independent broker-dealers last year, fee revenue rose for a greater number: 80%. See which firms' fee revenue topped the list, and which firm is looking ready to topple the long-time No. 1 firm.

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 see which firms have the most female representatives. Data as of year-end 2016.

10. Cetera Advisor Networks

Fee revenue: $210.3 million
% change from 2015: (7.9%)

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9. Waddell & Reed Financial Advisors

Fee revenue: $224.5 million
% change from 2015: (0.5%)

8. Royal Alliance Associates

Fee revenue: $231.5 million
% change from 2015: 9.8%

7. Securities America

Fee revenue: $248.5 million
% change from 2015: 2.3%

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6. Cambridge Investment Research

Fee revenue: $388.3 million
% change from 2015: 5.9%

5. Northwestern Mutual Investment Services

Fee revenue: $498.4 million
% change from 2015: 13.4%

4. Commonwealth Financial Network

Fee revenue: $644.5 million
% change from 2015: 7.9%

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3. Raymond James Financial Services

Fee revenue: $854.7 million
% change from 2015: 6.5%

2. LPL Financial

Fee revenue: $1.285 billion
% change from 2015: (4.3%)

1. Ameriprise Financial

Fee revenue: $1.998 billion
% change from 2015: 3.1%