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  • Which independent broker-dealers produce the most revenue?

    June 4, 2019 by Tobias Salinger

    Small and midsize firms read on at your own risk: The giants of the independent broker-dealer sector are growing rapidly.

    Not one of the top 25 firms in annual revenue took a step back in 2018, according to Financial Planning’s annual IBD Elite survey of the largest IBDs. On the contrary, 15 of them generated double-digit increases in business — and five firms’ revenue jumped by 20% or more for the year.

    The ranks of IBDs and networks reeling in more than $1 billion in sales added a new member to expand to nine companies, as Northwestern Mutual’s revenue brought it into the top echelon of the sector. Only LPL Financial, the perennial No. 1 firm, topped $5 billion in revenue.

    Click HERE to read the full story via Financial Planning. 

    Originally Posted at Financial Planning on June 3, 2019 by Tobias Salinger.

    Categories: Industry Articles
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