FP50 2017: Which IBDs netted the most fees?
Published July 14, 2017 1:32 PM
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Updated May 28, 2021 10:34 AM
1 Min Read
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 seeA 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.
For more in-depth coverage, please see
10. Cetera Advisor Networks
Fee revenue: $210.3 million
% change from 2015: (7.9%)
% change from 2015: (7.9%)
9. Waddell & Reed Financial Advisors
Fee revenue: $224.5 million
% change from 2015: (0.5%)
% change from 2015: (0.5%)
8. Royal Alliance Associates
Fee revenue: $231.5 million
% change from 2015: 9.8%
% change from 2015: 9.8%
7. Securities America
Fee revenue: $248.5 million
% change from 2015: 2.3%
% change from 2015: 2.3%
6. Cambridge Investment Research
Fee revenue: $388.3 million
% change from 2015: 5.9%
% change from 2015: 5.9%
5. Northwestern Mutual Investment Services
Fee revenue: $498.4 million
% change from 2015: 13.4%
% change from 2015: 13.4%
4. Commonwealth Financial Network
Fee revenue: $644.5 million
% change from 2015: 7.9%
% change from 2015: 7.9%
3. Raymond James Financial Services
Fee revenue: $854.7 million
% change from 2015: 6.5%
% change from 2015: 6.5%
2. LPL Financial
Fee revenue: $1.285 billion
% change from 2015: (4.3%)
% change from 2015: (4.3%)
1. Ameriprise Financial
Fee revenue: $1.998 billion
% change from 2015: 3.1%
% change from 2015: 3.1%
