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.