Fees vs. Commissions: Which IBDs Get the Most Fee Revenue?
As part of its FP50 special report, Financial Planning tracks the breakdown between fee and commission revenue. Here are the IBDs with the highest percentage of fee revenue.
Click through to see which firms topped the list or see a single-page version here.
1. Founders Financial Securities
Fee Revenue (000): $11,672
% of Total Revenue: 64
2. PlanMember Securities
Fee Revenue (000): $33,884
% of Total Revenue: 59.3
3. Commonwealth Financial Network
Fee Revenue (000): $440,381
% of Total Revenue: 53.6
4. Geneos Wealth Management
Fee Revenue (000): $55,576
% of Total Revenue: 53.2
5. Cambridge Investment Research
Fee Revenue (000): $277,686
% of Total Revenue: 48.3
6. Northwestern Mutual
Fee Revenue (000): $308,622
% of Total Revenue: 47.2
7. Ameriprise Financial
Fee Revenue (000): $1,491,487
% of Total Revenue: 46
8. KMS Financial Services
Fee Revenue (000): $35, 722
% of Total Revenue: 45.3
9. Lincoln Investment Planning
Fee Revenue (000): $85,622
% of Total Revenue: 44
10. Cetera Financial Specialists
Fee Revenue (000): $47,208
% of Total Revenue: 41.8