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Wealth management

Financial Planning's biggest lists and analyses of 2023

ByStaff report
November 27, 2023 7:00 AM
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Each year, the team at Financial Planning organizes and analyzes several lists that put the wealth management industry into perspective — from our top 40 Under 40, which highlights the top young brokers in the industry, to our rankings of the largest RIAs and IBDs in the country.

We also create a few qualitative lists, from our people to watch series to our Rising Stars awards for those early-career advisors making a mark on the world of financial planning.

You'll find those lists below, along with links to the stories that analyze related trends.

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40 Under 40

Financial Planning annually recognizes the industry's top-producing young brokers at wirehouses and regional firms. 

On a combined basis, the Top 40 Brokers Under 40 generated nearly $205 million in annual revenue in 2022 — an average of $5.1 million per year — and oversaw $40 billion in client assets. 
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IBD Elite

The IBD Elite series breaks down not only the largest independent broker-dealers in the U.S., but also analyzes data to get a sense of the firms that prioritize hiring women and those that team with large RIAs.

The cover story of our October print magazine this year looked at the complex issues surrounding offices of supervisory jurisdiction.
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RIA Leaders

The annual RIA Leaders series ranks the largest fee-only RIAs in the country. Our November/December magazine cover feature dove deep on the referral business at Schwab and Fidelity and how those programs affect business at RIAs of all sizes.
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Broker compensation

Each year, the largest national and regional firms tweak their compensation formulas for brokers. Financial Planning analyzes those grids and publishes the payouts brokers can expect at several levels of production.
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Rising Stars

FP's Rising Stars list honors those who are making a mark on the industry early in their careers, whether the enter the profession just out of school or who jump to financial planning from other careers. This year, we recognized 10 planners who have less than 10 years of experience but are making outsized impacts for their clients and colleagues.
23 to watch in 2023

23 to watch in 2023

A number of forces and issues shape wealth management in a given year. At the heart of any of that change is people. 

These are the 23 people we expected to make news this year in M&A volume, advances in crypto regulation, progress in diversity, equity and inclusion issues, and efforts in areas like behavioral finance, digital marketing and more. 
Staff report
Wealth management Broker dealers RIAs Independent BDs
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