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Which IBDs Have the Most High-End Accounts?

Wealthier clients can offer a fast track to advisor success -- particularly for planners with greater fee-based business. So when it comes to client assets, how do the various independent broker-dealers compare? The FP50 tracks the percentage of client accounts with more than $100,000; many of the top spots, it turns out, are held by smaller boutique firms. Click through to see the independent B-Ds with the most high-end accounts.
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<b>1. J.W. Cole Financial </b>

FP50 Rank: 59
Total Client Assets (000): $7,985,654
% ACCTS. > $100K:68
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<b>2. Investment Center

FP50 Rank: 62
Total Client Assets (000): $5,600,000
% ACCTS. > $100K: 66
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<b>3. Harbour Investments</b>

FP50 Rank: 68
Total Client Assets (000): $6,404,500
% ACCTS. > $100K: 57
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<b>4. Kovack Advisors</b>

FP50 Rank: 64
Total Client Assets (000): $4,823,512
% ACCTS. > $100K: 45
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<b>5. American Portfolios Financial Services</b>

FP50 Rank: 32
Total Client Assets (000): $29,739,192
% ACCTS. > $100K: 39
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<b>6. Cadaret, Grant</b>

FP50 Rank: 34
Total Client Assets (000): $7,615,607
% ACCTS. > $100K: 35
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<b>7. Northwestern Mutual</b>

FP50 Rank: 7
Total Client Assets (000): $50,933,154
% ACCTS. > $100K: 33
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<b>8. Raymond James Financial Services</b>

FP50 Rank: 3
Total Client Assets (000): $191,660,000
% ACCTS. > $100K: 31
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<b>9. Commonwealth Financial Network</b>

FP50 Rank: 4
Total Client Assets (000): $85,992,000
% ACCTS. > $100K: 26
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<b>10. LPL Financial</b>

FP50 Rank: 1
Total Client Assets (000): $438,400,000
% ACCTS. > $100K: 23
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