Financial advisors in the independent broker-dealer channel earned a combined payout of more than $15 billion in 2018.
As IBDs and their advisors aim to boost their productivity even higher, ten firms stand out from the rest of the sector in growing their respective average payouts by at least 20%. In fact, one firm’s average payout soared by more than 50% last year.
Compensation retained by advisors after deducting the varying fees they pay to the home office — depending on the product, service or other factors like their level of client assets — forms a key metric for the industry. It reflects both advisor productivity and firm payout rates.
A dozen of the 53 firms who participated in
The firms boosting their payouts the fastest haven’t approached the productivity level of Commonwealth Financial Network. The No. 4 IBD
However, the ten smaller firms on the list with the fastest growing payouts are increasing them at notable rates. The drivers include
To view FP’s annual recap of the IBD space, “Time to celebrate? Not just yet,”