With our annual rankings, Financial Planning recognizes the industry's top-producing young financial advisors among wirehouses and regional firms.
The Top 40 Regional Brokers Under 40 produced nearly $86.7 million in collective annual revenue, an average of $2.2 million each, in trailing 12-month production from Oct. 1, 2022, through Sept. 30, 2023. That represents an $8.2 million overall drop (8.6%) from the $94.9 million the top young regional brokers produced in our 2023 listing.
They collectively managed $13.2 billion in client assets, a slight increase from the $13 billion managed the previous year.
Financial advisors who earned a spot in the 2024 rankings come from seven different firms: William Blair, Ameriprise, Janney Montgomery Scott, RBC, Raymond James, Baird and Oppenheimer.
Last year, Ameriprise led the pack with nine representatives in the regional list. This year, Raymond James counted 11 brokers in the rankings, eclipsing Ameriprise and RBC, which each had eight.
To see previous years' lists:
These are the Top 40 Brokers Under 40 in 2023 These are the Top 40 Regional Brokers Under 40 in 2023 These are the Top 40 Brokers Under 40 in 2022 These are the Top 40 Regional Brokers Under 40 in 2022
What does it take to retain these young, top-producing brokers? Tobias Salinger's story, which can be found in the March 2024 edition of Financial Planning, explored that topic. Read it here:
A note on methodology: Nominees for the rankings were age 39 or younger as of Dec. 31, 2023, and were registered with a wealth management firm in the employee channel. FP uses production totals that are verified by each broker's employer to determine the rankings. The reported trailing 12-month production and AUM are as of Sept. 30, 2023.
