Explore the B-D Data Center to find exclusive information and intelligence about the independent broker-dealer industry. Find out which firms offer the highest payouts, have the most reps in the field and generate the most revenue.
2022 Revenue
| Total revenue | Total | Securities | Mutual funds | Annuities | Insurance | Alternatives | Other | Fee revenue | Other revenue | |
|---|---|---|---|---|---|---|---|---|---|---|
| LPL Financial LLC | $8,600,825,000 | $2,326,164,000 | $233,642,000 | $679,912,000 | $1,269,634,000 | $3,875,154,000 | $2,489,791,000 | |||
| Ameriprise Financial Services, LLC | $6,193,740,493 | $1,257,650,662 | $112,010,697 | $535,986,670 | $433,871,813 | $116,437,114 | $49,722,260 | $9,622,108 | $3,981,772,236 | $954,317,595 |
| Advisor Group | $4,230,665,487 | $1,615,637,526 | $71,211,783 | $448,308,863 | $953,243,262 | $120,041,096 | $20,784,836 | $2,047,684 | $2,104,523,858 | $510,504,103 |
| Raymond James Financial Services Inc. | $3,590,389,752 | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Northwestern Mutual | $2,203,629,000 | $466,699,000 | $- | $- | $- | $- | $1,533,478,000 | $203,452,000 | ||
| Commonwealth Equity Services, LLC dba-Commonwealth Financial Network | $2,074,656,782 | $252,499,869 | $16,500,728 | $72,824,132 | $133,927,653 | $20,009,742 | $9,237,614 | $1,531,829,554 | $290,327,359 | |
| MML Investors Services, LLC | $1,573,800,000 | $749,300,000 | $19,900,000 | $140,700,000 | $557,292,000 | $26,708,000 | $4,700,000 | $816,900,000 | $7,600,000 | |
| Cambridge Investment Research, Inc. | $1,466,778,216 | $360,489,779 | $25,277,534 | $92,260,305 | $168,994,722 | $45,662,740 | $19,742,708 | $8,897,032 | $833,212,870 | $273,075,567 |
| Equitable Advisors, LLC | $1,244,544,639 | $735,997,059 | $18,459,468 | $64,884,468 | $553,464,946 | $95,780,598 | $3,152,221 | $255,359 | $425,359,215 | $83,188,365 |
| Kestra Financial, Inc | $790,210,634 | $207,754,217 | $14,182,567 | $45,121,198 | $98,811,762 | $46,605,809 | $3,032,881 | $- | $518,540,841 | $63,915,576 |
| Atria Wealth Solutions | $608,842,807 | $298,913,343 | $31,236,587 | $88,964,894 | $165,222,768 | $7,542,380 | $3,157,914 | $2,788,800 | $246,059,736 | $63,869,729 |
| Securian Financial Services Inc. | $474,335,000 | $209,227,044 | $988,130 | $28,450,304 | $91,072,770 | $88,715,840 | $206,754,449 | $58,353,508 | ||
| Lincoln Investment Planning, LLC | $398,227,000 | $114,764 | $1,160,000 | $54,764,000 | $55,140,000 | $3,250,000 | $450,000 | $273,067,000 | $10,396,000 | |
| Principal Securities, Inc. | $366,575,698 | $221,826,048 | $2,814,555 | $62,921,395 | $57,177,178 | $25,055,166 | $- | $73,857,754 | $133,765,841 | $10,983,809 |
| Park Avenue Securities LLC | $318,049,916 | $168,254,466 | $149,795,449 | $- | ||||||
| Independent Financial Group, LLC | $267,102,000 | $115,090,000 | $13,186,000 | $21,272,000 | $51,363,000 | $3,555,000 | $25,586,000 | $128,000 | $130,499,000 | $21,513,000 |
| Centaurus Financial, Inc. | $202,464,888 | $134,052,002 | $16,159,926 | $20,691,912 | $78,880,320 | $6,374,416 | $11,945,428 | $- | $68,412,886 | $- |
| J.W. Cole Financial Inc. | $191,865,025 | $89,418,579 | $1,909,544 | $28,542,318 | $49,654,321 | $8,823,165 | $489,231 | $- | $102,446,446 | $- |
| United Planners Financial Services | $179,436,707 | $53,929,747 | $5,855,294 | $11,578,267 | $34,241,846 | $1,494,355 | $759,985 | $- | $119,608,629 | $5,898,331 |
| PlanMember Securities Corp. | $141,000,000 | $17,120,000 | $1,079,000 | $4,547,000 | $11,494,000 | $21,000 | $121,759,000 | $2,121,000 | ||
| Geneos Wealth Management Inc. | $131,415,250 | $35,243,559 | $866,375 | $1,477,779 | $5,278,780 | $1,244,796 | $- | $26,375,629 | $90,960,295 | $5,211,596 |
| Hornor, Townsend & Kent, LLC | $129,237,616 | $76,844,425 | $1,569,760 | $16,754,482 | $33,477,578 | $5,357,808 | $278,379 | $49,775,679 | $2,617,523 | |
| The Leaders Group | $127,802,156 | $127,802,156 | $11,929 | $3,523,118 | $22,416,843 | $97,465,390 | $288,883 | $4,107,922 | $- | $- |
| Concourse Financial Group Securities, Inc. | $120,017,637 | $68,856,067 | $6,597,537 | $5,253,649 | $8,498,330 | $15,220,407 | $3,419,221 | $29,866,923 | $44,924,339 | $6,237,231 |
| Prospera Financial Services Inc. | $109,937,028 | $30,734,726 | $9,567,092 | $8,903,947 | $11,461,882 | $216,202 | $585,603 | $71,473,591 | $7,728,711 | |
| Grove Point Financial, LLC | $107,050,854 | $56,790,623 | $3,506,344 | $22,884,474 | $29,576,215 | $605,587 | $218,004 | $- | $43,931,232 | $6,328,998 |
| Arete Wealth | $98,821,191 | $42,803,172 | $3,395,415 | $2,038,777 | $5,261,328 | $145,408 | $31,962,244 | $21,368,329 | $34,649,690 | |
| Kovack Securities, Inc. | $94,983,981 | $42,295,280 | $12,638,292 | $8,709,723 | $20,391,165 | $- | $556,100 | $- | $51,432,720 | $1,255,981 |
| Harbour Investments Inc. | $79,282,640 | $33,600,344 | $298,193 | $11,616,978 | $21,107,436 | $287,903 | $289,834 | $- | $45,682,296 | $- |
| Arkadios Capital | $79,125,498 | $42,727,769 | $12,391,053 | $9,827,387 | $4,272,777 | $1,068,194 | $15,168,358 | $36,397,729 | $- | |
| The Investment Center Inc. | $77,824,554 | $34,412,717 | $7,283,311 | $14,184,904 | $12,331,897 | $612,604 | $- | $38,429,051 | $4,962,345 | |
| Equity Services Inc. | $77,235,631 | $44,073,590 | $25,777,901 | $7,384,140 | ||||||
| The O.N. Equity Sales Co. | $70,242,358 | $50,217,146 | $3,342,304 | $15,827,848 | $29,745,488 | $- | $1,205,910 | $95,597 | $19,908,806 | $116,405 |
| The Strategic Financial Alliance Inc. | $57,274,011 | $19,223,538 | $296,166 | $3,560,963 | $5,158,293 | $450,830 | $9,259,867 | $497,419 | $33,264,021 | $4,786,452 |
| LaSalle St. Securities LLC | $55,000,000 | $36,750,000 | $6,500,000 | $18,000,000 | $12,000,000 | $250,000 | $19,500,000 | $1,000,000 | ||
| CFD Investments Inc. | $41,005,323 | $16,526,889 | $490,814 | $4,073,561 | $11,493,884 | $467,950 | $679 | $21,295,038 | $3,183,396 | |
| Vanderbilt Financial Group | $39,580,033 | $- | $- | $- | $- | |||||
| Founders Financial | $38,291,412 | $4,630,367 | $31,900,840 | $1,760,206 | ||||||
| Fortune Financial Services, Inc. | $20,341,158 | $20,341,158 | $- | $4,271,643 | $14,442,222 | $- | $- | $- | $- | $- |
| Alden Investment Group | $18,350,628 | $16,942,785 | $- | $355,371 | $- | $- | $11,270,754 | $100,000 | $691 | $66,080 |
| Trustmont Financial Group Inc. | $13,400,000 | $6,500,000 | $308,700 | $4,626,100 | $1,493,300 | $71,900 | $6,900,000 | $- | ||
| Trutoro | $2,200,431 | $886,960 | $- | $434,390 | $401,280 | $- | $- | $- | $1,313,471 | $- |
2022 Staffing
| Reps | E&O insurance per rep, per year | Affiliation fees | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Firm | Total Full-time employees | Total | Male | Female | Producing | CFPs | Fee-Only Advisors | ||
| LPL Financial LLC | 6415 | 21275 | 21275 | 2400 | 1310 | ||||
| Ameriprise Financial Services, LLC | 8173 | 8173 | $3,600/$1 Million, $4,020/$2 Million | 3000 | |||||
| Advisor Group | 1950 | 12756 | 9586 | 3170 | 10570 | 8932 | |||
| Raymond James Financial Services Inc. | 6685 | 4735 | 1950 | 4589 | 1293 | 4220 | 4188 | 1800 | |
| Northwestern Mutual | 8613 | 7313 | 1300 | 5633 | 1405 | ||||
| Commonwealth Equity Services, LLC dba-Commonwealth Financial Network | 1067 | 2694 | 2185 | 509 | 2117 | 1163 | 2683 | 3000 | 3900 |
| MML Investors Services, LLC | 656 | 6320 | 5863 | 541 | 5180 | 2700 | |||
| Cambridge Investment Research, Inc. | 968 | 4686 | 3547 | 1139 | 3801 | 855 | 3631 | ||
| Equitable Advisors, LLC | 549 | 4258 | 3658 | 600 | 4095 | 477 | 3106 | 3300 | none |
| Kestra Financial, Inc | 415 | 1707 | 1292 | 415 | 1335 | 368 | 1183 | 3150 | 400 |
| Atria Wealth Solutions | 470 | 2272 | 2153 | 281 | 1838 | 425 | None | ||
| Securian Financial Services Inc. | 174 | 1026 | 903 | 123 | 1026 | 177 | 966 | ||
| Lincoln Investment Planning, LLC | 462 | 999 | 984 | 215 | 1050 | 1500 | |||
| Principal Securities, Inc. | 401 | 1425 | 1309 | 904 | 1975 | 1000 | |||
| Park Avenue Securities LLC | 1878 | 1878 | |||||||
| Independent Financial Group, LLC | 90 | 697 | 562 | 135 | 577 | 145 | 482 | ||
| Centaurus Financial, Inc. | 88 | 698 | 554 | 144 | 684 | 216 | 540 | 3000 | None |
| J.W. Cole Financial Inc. | 73 | 581 | 412 | 169 | 496 | 86 | 435 | 275 | 400 |
| United Planners Financial Services | 75 | 554 | 422 | 132 | 459 | 148 | 471 | 100 | |
| PlanMember Securities Corp. | 189 | 474 | 474 | 44 | 474 | ||||
| Geneos Wealth Management Inc. | 43 | 226 | 188 | 38 | 217 | 74 | 217 | 1850 | |
| Hornor, Townsend & Kent, LLC | 70 | 754 | 539 | 429 | 2100-2850 | 1800 | |||
| The Leaders Group | 34 | 1276 | 1075 | 201 | 605 | 104 | 245 | 4420 | None |
| Concourse Financial Group Securities, Inc. | 83 | 569 | 428 | 341 | 2450 | None | |||
| Prospera Financial Services Inc. | 80 | 164 | 145 | 19 | 164 | 25 | 164 | 1050 | |
| Grove Point Financial, LLC | 74 | 458 | 373 | 85 | 396 | 95 | 361 | 3800 | None |
| Arete Wealth | 27 | 321 | 253 | 30 | 188 | ||||
| Kovack Securities, Inc. | 72 | 427 | 301 | 126 | 391 | 94 | 365 | 3650 | Varies |
| Harbour Investments Inc. | 23 | 275 | 216 | 59 | 219 | 43 | 217 | included in affiliation fees | 6480 |
| Arkadios Capital | 37 | 162 | 135 | 28 | 132 | ||||
| The Investment Center Inc. | 40 | 302 | 227 | 75 | 258 | 53 | 212 | 2248 | 2400 |
| Equity Services Inc. | 50 | 544 | 501 | 437 | 2310 | NONE | |||
| The O.N. Equity Sales Co. | 41 | 559 | 402 | 55 | 268 | ||||
| The Strategic Financial Alliance Inc. | 41 | 124 | 97 | 27 | 105 | 41 | 55 | None | |
| LaSalle St. Securities LLC | 28 | 330 | 260 | 70 | 255 | 45 | 155 | 3960 | none |
| CFD Investments Inc. | 52 | 150 | 141 | 88 | 3230 | ||||
| Vanderbilt Financial Group | 35 | 235 | 235 | ||||||
| Founders Financial | 27 | 90 | 90 | 25 | 82 | ||||
| Fortune Financial Services, Inc. | 13 | 280 | 280 | 35 | 145 | 1950 | 1750 | ||
| Alden Investment Group | 16 | 110 | 90 | 5 | 30 | ||||
| Trustmont Financial Group Inc. | 9 | 86 | 83 | 22 | 47 | 2000 | none | ||
| Trutoro | 5 | 31 | 23 | 8 | 29 | 2 | 17 | 2800 | 1400 |
2022 Assets
| Firm | Total account assets | Total fee-based assets | Clearing firm | Advisory firm platform | Third-party money managers | Other fee-based assets | Other account assets | Average assets per rep |
|---|---|---|---|---|---|---|---|---|
| LPL Financial LLC | $1,110,800,000,000 | $527,700,000,000 | $52,211,516 | |||||
| Ameriprise Financial Services, LLC | ||||||||
| Advisor Group | $549,169,000,000 | $195,993,000,000 | $139,563,000,000 | $56,430,203,718 | $60,349,105,824 | $292,827,000,000 | $43,051,819 | |
| Raymond James Financial Services Inc. | $398,825,000,000 | $238,791,000,000 | $238,791,000,000 | $160,034,000,000 | $59,659,686 | |||
| Northwestern Mutual | $255,763,000,000 | $158,608,000,000 | $97,154,880,639 | $29,694,996 | ||||
| Commonwealth Equity Services, LLC dba-Commonwealth Financial Network | $242,910,000,000 | $149,380,000,000 | $149,380,000,000 | $93,530,329,723 | $90,167,038 | |||
| MML Investors Services, LLC | $211,600,000,000 | $72,000,000,000 | $54,100,000,000 | $17,900,000,000 | $139,600,000,000 | $33,481,013 | ||
| Cambridge Investment Research, Inc. | $144,430,000,000 | $86,291,451,867 | $50,887,906,150 | $8,122,905,779 | $10,168,977,910 | $16,822,716,480 | $58,138,118,395 | $30,821,596 |
| Equitable Advisors, LLC | $193,984,000,000 | $45,543,720,000 | $45,543,720,000 | $148,440,000,000 | $45,557,539 | |||
| Kestra Financial, Inc | $103,181,000,000 | $51,907,665,444 | $43,172,861,176 | $1,084,172,541 | $7,650,631,727 | $51,273,736,482 | $60,445,811 | |
| Atria Wealth Solutions | $92,190,006,158 | $26,563,707,773 | $3,649,093,197 | $14,360,817,711 | $8,553,796,865 | $40,576,587 | ||
| Securian Financial Services Inc. | $47,411,130,304 | $24,834,073,853 | $15,533,399,977 | $9,047,569,640 | $253,104,236 | $22,577,056,451 | $46,209,679 | |
| Lincoln Investment Planning, LLC | $44,482,200,000 | $22,823,690,000 | $6,748,570,000 | $14,299,390,000 | $1,775,730,000 | $21,658,510,000 | $44,526,727 | |
| Principal Securities, Inc. | $65,025,015,775 | $12,648,481,759 | $9,438,181,499 | $1,668,387,375 | $1,541,912,885 | $52,376,534,016 | $45,631,590 | |
| Park Avenue Securities LLC | $41,597,880,053 | $19,008,380,686 | $22,589,499,367 | $22,150,096 | ||||
| Independent Financial Group, LLC | $34,877,735,000 | $10,303,000,000 | $4,395,000,000 | $1,990,857,000 | $2,952,063,000 | $965,080,000 | $24,574,735,000 | $50,039,792 |
| Centaurus Financial, Inc. | $33,524,240,195 | $7,073,614,681 | $3,989,384,583 | $3,084,230,098 | $26,450,625,514 | $48,028,997 | ||
| J.W. Cole Financial Inc. | $30,578,900,500 | $13,289,005,660 | $3,279,076,600 | $2,489,566,050 | $7,520,363,010 | $17,289,894,840 | $52,631,498 | |
| United Planners Financial Services | $21,700,000,000 | $12,400,000,000 | $744,000,000 | $4,312,720,000 | $7,343,280,000 | $9,300,000,000 | $39,169,675 | |
| PlanMember Securities Corp. | $14,400,000,000 | $11,088,000,000 | $3,400,000,000 | $30,379,747 | ||||
| Geneos Wealth Management Inc. | $16,021,486,406 | $14,002,936,092 | $6,728,501,048 | $3,885,846,957 | $1,884,273,025 | $1,504,315,062 | $2,018,550,314 | $70,891,533 |
| Hornor, Townsend & Kent, LLC | $16,907,533,853 | $6,446,068,302 | $10,441,465,551 | $22,423,785 | ||||
| The Leaders Group | $2,495,325,169 | $43,485,131 | $43,485,131 | $3,281,301,133 | $1,955,584 | |||
| Concourse Financial Group Securities, Inc. | $4,122,515,082 | $4,122,515,082 | $2,522,156,622 | $1,600,358,460 | $7,245,193 | |||
| Prospera Financial Services Inc. | $13,800,000,000 | $6,000,000,000 | $6,000,000,000 | $7,800,000,000 | $84,146,341 | |||
| Grove Point Financial, LLC | $15,413,477,096 | $4,548,568,020 | $1,966,746,596 | $1,623,811,926 | $958,009,498 | $10,864,909,076 | $33,653,880 | |
| Arete Wealth | $2,452,505,447 | $2,452,505,447 | $1,889,903,966 | $291,804 | $562,309,677 | $7,640,204 | ||
| Kovack Securities, Inc. | $12,210,500,000 | $2,976,805,000 | $1,991,826,313 | $28,334,421 | $956,644,266 | $9,233,695,000 | $28,596,019 | |
| Harbour Investments Inc. | $14,218,000,000 | $5,760,000,000 | $4,500,000,000 | $760,000,000 | $500,000,000 | $8,458,000,000 | $51,701,818 | |
| Arkadios Capital | $8,200,541,378 | $3,833,081,772 | $3,026,291,281 | $126,689,942 | $680,100,549 | $4,367,459,606 | $50,620,626 | |
| The Investment Center Inc. | $11,070,184,625 | $3,591,785,267 | $2,151,185,267 | $1,440,600,000 | $3,591,785,267 | $36,656,240 | ||
| Equity Services Inc. | $11,300,000,000 | $3,100,000,000 | $20,772,059 | |||||
| The O.N. Equity Sales Co. | $10,771,997,636 | $2,078,480,898 | $569,129,700 | $1,509,351,198 | $8,693,516,738 | $19,270,121 | ||
| The Strategic Financial Alliance Inc. | $5,060,000,000 | $4,058,000,000 | $3,353,000,000 | $705,000,000 | $1,002,000,000 | $40,806,452 | ||
| LaSalle St. Securities LLC | $12,000,000,000 | $4,000,000,000 | $36,363,636 | |||||
| CFD Investments Inc. | $4,272,102,500 | $2,010,352,400 | $1,178,555,900 | $603,107,300 | $107,207,000 | $245,000,000 | $2,138,232,300 | $28,480,683 |
| Vanderbilt Financial Group | $5,049,348,349 | $5,049,348,349 | $21,486,589 | |||||
| Founders Financial | $4,044,796,412 | $2,494,258,894 | $368,857,632 | $44,942,182 | ||||
| Fortune Financial Services, Inc. | $2,728,945,776 | $2,728,945,776 | $9,746,235 | |||||
| Alden Investment Group | $1,300,000,000 | $1,300,000,000 | $11,818,182 | |||||
| Trustmont Financial Group Inc. | $1,879,000,000 | $772,790,000 | $772,790,000 | $1,106,210,000 | $21,848,837 | |||
| Trutoro | $299,365,115 | $138,671,091 | $9,656,939 |
COMPENSATION
| Production ≤$249K | Production $250K-$499K | Production $500K-$749K | Production $750K-$999K | Production ≥$1M | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Firm | Mutual funds | Insurance | Variable annuities | Limited partnerships | Securities | Mutual funds | Insurance | Variable annuities | Limited partnerships | Securities | Mutual funds | Insurance | Variable annuities | Limited partnerships | Securities | Mutual funds | Insurance | Variable annuities | Limited partnerships | Securities | Mutual funds | Insurance | Variable annuities | Limited partnerships |
| LPL Financial LLC | 90%-92% | 90%-92% | 90%-92% | 90%-92% | 75%-92% | 90%-92% | 90%-92% | 90%-92% | 90%-92% | 75%-92% | 90%-93% | 90%-93% | 90%-93% | 90%-93% | 75%-93% | 90%-94% | 90%-94% | 90%-94% | 90%-94% | 75%-94% | 90%-98% | 90%-98% | 90%-98% | 90%-98% |
| Raymond James Financial Services Inc. | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% | 81% - 90% |
| Commonwealth Equity Services, LLC dba-Commonwealth Financial Network | 50%-87% | 100% | 50%-87% | 50%-87% | 50%-87% | 87% | 100% | 87% | 87% | 87% | 88% | 100% | 88% | 88% | 88% | 89% | 100% | 89% | 89% | 89% | 90%-95% | 100% | 90%-95% | 90%-95% |
| Northwestern Mutual Investment Services | ||||||||||||||||||||||||
| MML Investors Services, LLC | 40% - 80% | 40% - 80% | 40% - 80% | 40% - 80% | 40% - 80% | 80% | 80% | 80% | 80% | 80% | 80% - 82.5% | 80% - 82.5% | 80% - 82.5% | 80% - 82.5% | 80% - 82.5% | 83% | 83% | 83% | 83% | 83% | 83% | 83% | 83% | 83% |
| Cambridge Investment Research Inc. | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% | Negotiable up to 100% |
| Equitable Advisors, LLC | 40%- 75% | 51%-75% | 51%-75% | Do not offer this product | 40%-75% | 40%-75% | 53%-83% | 53%-83% | Do not offer this product | 40%-83% | 81%-85% | 81%-85% | 81%-85% | Do not offer this product | 81%-85% | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | 86%-90% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product |
| Kestra Financial, Inc | 65% - 85% | 65% - 100% | 65% - 85% | 65% - 85% | 65% - 85% | 88% - 91% | 88% - 100% | 88% - 91% | 88% - 91% | 88% - 91% | 92% | 92% - 100% | 92% | 92% | 92% | 93% | 93% - 100% | 93% | 93% | 93% | 93% | 93% - 100% | 93% - 95% | 93% - 95% |
| Securian Financial Services Inc. | Up to 84% | Up to 89% | Up to 84% | Do not offer this product | Up to 84% | Up to 92% | Up to 91% | Up to 92% | Do not offer this product | Up to 92% | Up to 93% | Up to 92% | Up to 93% | Do not offer this product | Up to 93% | Up to 94% | Up to 92% | Up to 94% | Do not offer this product | Up to 94% | Up to 96% | Up to 93% | Up to 95% | Do not offer this product |
| Lincoln Investment Planning, LLC | ||||||||||||||||||||||||
| Principal Securities, Inc. | up to 74% | Variable Life - up to 85% | up to 74% | up to 74% | up to 74% | up to 81% | Variable Life-up to 86% | up to 81% | up to 81% | up to 81% | up to 86% | Variable Life-up to 87% | up to 86% | up to 86% | up to 86% | up to 89% | Variable Life-up to 87% | up to 89% | up to 89% | up to 89% | up to 92% | Variable Life-up to 87% | up to 92% | up to 92% |
| Park Avenue Securities LLC | Set by Agency | Set by Agency | Set by Agency | Do not offer this product | Set by Agency | Set by Agency | Set by Agency | Set by Agency | Do not offer this product | Set by Agency | Set by Agency | Set by Agency | Set by Agency | Do not offer this product | Set by Agency | Set by Agency | Set by Agency | Set by Agency | Do not offer this product | Set by Agency | Set by Agency | Set by Agency | Set by Agency | Do not offer this product |
| American Portfolios Financial Services Inc. | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| J.W. Cole Financial Inc. | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 96%-100% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 96%-100% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 96%-100% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 96%-100% | 91%-95% | 91%-95% |
| Centaurus Financial, Inc. | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% |
| M Holdings Securities Inc. (M Securities) | ||||||||||||||||||||||||
| PlanMember Securities Corp. | up to 93% | 100% | up to 93% | Do not offer this product | up to 93% | up to 93% | 100% | up to 93% | Do not offer this product | up to 93% | up to 93% | 100% | up to 93% | Do not offer this product | up to 93% | up to 93% | 100% | up to 93% | Do not offer this product | up to 93% | up to 95% | 100% | up to 95% | Do not offer this product |
| Geneos Wealth Management Inc. | 81%-85% | 86%-90% | 81%-85% | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Hornor, Townsend & Kent, LLC | ||||||||||||||||||||||||
| Grove Point Financial, LLC | 81%-85% | 81%-85% | 81%-85% | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| The Leaders Group | 81%-85% | 81%-85% | 81%-85% | Do not offer this product | 81%-85% | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | 86%-90% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product |
| Kovack Securities, Inc. | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | 86%-90% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Do not offer this product |
| The O.N. Equity Sales Co. | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% | Up to 92% |
| Prospera Financial Services Inc. | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 90%-92% | 90%-92% | 90%-92% | 90%-92% | 90%-92% | 92%-99% | 92%-99% | 92%-99% | 92%-99% |
| Harbour Investments Inc. | Up to 90% | Up to 100% | Up to 90% | Up to 90% | Up to 90% | Up to 91% | Up to 100% | Up to 91% | Up to 91% | Up to 91% | Up to 92% | Up to 100% | Up to 92% | Up to 92% | Up to 92% | Up to 93% | Up to 100% | Up to 93% | Up to 93% | Up to 93% | Up to 94% | Up to 100% | Up to 94% | Up to 94% |
| The Investment Center Inc. | 86%-90% | Other | 86%-90% | 86%-90% | 86%-90% | 86%-90% | Other | 86%-90% | 86%-90% | 86%-90% | 91%-95% | Other | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Other | 91%-95% | 91%-95% | 91%-95% | 91%-95% | Other | 91%-95% | 91%-95% |
| Equity Services Inc. | ||||||||||||||||||||||||
| Arkadios Capital | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | ||||||||||
| LaSalle St. Securities LLC | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| The Strategic Financial Alliance Inc. | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Vanderbilt Financial Group | 86%-90% | Other | 86%-90% | 86%-90% | 86%-90% | 86%-90% | Other | 86%-90% | 86%-90% | 86%-90% | 86%-90% | Other | 86%-90% | 86%-90% | 86%-90% | 86%-90% | Other | 86%-90% | 86%-90% | 86%-90% | 91%-95% | Other | 91%-95% | 91%-95% |
| Founders Financial | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% |
| CFD Investments Inc. | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Fortune Financial Services, Inc. | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product |
| Cutter & Company, Inc. | 0 - $149,999 - 25% - 80% | 0 - $149,999 - 25% - 80% | 0 - $149,999 - 25% - 80% | 0 - $149,999 - 25% - 80% | 0 - $149,999 - 25% - 80% | 85% | 85% | 85% | 85% | 85% | 86% | 86% | 86% | 86% | 86% | 87% | 87% | 87% | 87% | 87% | 90% | 90% | 90% | 90% |
| Trustmont Financial Group Inc. | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 86%-90% | 86%-90% |
| St. Bernard Financial Services Inc. | 81%-85% | 81%-85% | 81%-85% | Do not offer this product | 81%-85% | 81%-85% | 81%-85% | 81%-85% | Do not offer this product | 81%-85% | 81%-85% | 81%-85% | 81%-85% | Do not offer this product | 81%-85% | 81%-85% | 81%-85% | 81%-85% | Do not offer this product | 81%-85% | 81%-85% | 81%-85% | 81%-85% | Do not offer this product |
| Alden Investment Group | 81%-85% | 81%-85% | 81%-85% | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% |
| Trutoro | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product | Do not offer this product | 86%-90% | 86%-90% | 86%-90% | Do not offer this product |
| Avantax Investment Services, Inc. | Up to 86% | Up to 86% | Up to 86% | Up to 86% | Up to 86% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 90% | Up to 94% | Up to 94% | Up to 94% | Up to 94% |
| Independent Financial Group, LLC | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Infinity Financial Services | ||||||||||||||||||||||||
| Lincoln Financial Network | 51%-75% | 51%-75% | 51%-75% | 51%-75% | 26%-50% | 51%-75% | 51%-75% | 51%-75% | 51%-75% | 51%-75% | 81%-85% | 81%-85% | 81%-85% | 81%-85% | 51%-75% | 86%-90% | 86%-90% | 86%-90% | 86%-90% | 76%-80% | 86%-90% | 86%-90% | 86%-90% | 86%-90% |
| Nationwide Planning Associates, Inc. | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other | Other |
| Quincy Cass Associates Inc. | 51%-75% | Do not offer this product | Do not offer this product | Do not offer this product | 51%-75% | 51%-75% | Do not offer this product | Do not offer this product | Do not offer this product | 51%-75% | 51%-75% | Do not offer this product | Do not offer this product | Do not offer this product | 51%-75% | 76%-80% | Do not offer this product | Do not offer this product | Do not offer this product | 76%-80% | 76%-80% | Do not offer this product | Do not offer this product | Do not offer this product |
2022 Productivity
| Total Payout | Average payout per rep | Average annual production of top 20% reps | Reps producing >$100k | Reps producing >$500k | |
|---|---|---|---|---|---|
| LPL Financial LLC | $5,324,827,000 | $258,000 | |||
| Ameriprise Financial Services, LLC | |||||
| Advisor Group | $3,263,661,525 | $308,766 | $2,712,044 | 4713 | 2028 |
| Raymond James Financial Services Inc. | $2,679,000,000 | $583,787 | $2,006,594 | ||
| Northwestern Mutual | $1,614,691,646 | $286,649 | $1,073,919 | 1733 | 876 |
| Commonwealth Equity Services, LLC dba-Commonwealth Financial Network | $1,586,127,140 | $749,000 | $1,800,000 | 810 | 1197 |
| MML Investors Services, LLC | $1,000,442,356 | $170,636 | $606,514 | 2280 | 786 |
| Cambridge Investment Research, Inc. | $1,128,367,995 | $372,811 | $899,193 | 1730 | 730 |
| Equitable Advisors, LLC | $966,022,322 | $226,979 | $705,149 | 1873 | 502 |
| Kestra Financial, Inc | $539,851,638 | $575,586 | $1,602,522 | 484 | 353 |
| Atria Wealth Solutions | $470,281,524 | $755,821 | 899 | 340 | |
| Securian Financial Services Inc. | $368,000,000 | $358,674 | $1,058,065 | 424 | 241 |
| Lincoln Investment Planning, LLC | $261,181,560 | $290,525 | $892,562 | 435 | 171 |
| Principal Securities, Inc. | 445 | 105 | |||
| Park Avenue Securities LLC | |||||
| Independent Financial Group, LLC | $220,566,400 | $382,270 | $1,323,920 | 271 | 130 |
| Centaurus Financial, Inc. | $183,230,724 | $267,881 | $816,140 | 414 | 174 |
| J.W. Cole Financial Inc. | $169,678,522 | $386,824 | $955,432 | 306 | 122 |
| United Planners Financial Services | $154,315,568 | $390,929 | $1,090,187 | 230 | 105 |
| PlanMember Securities Corp. | $95,274,000 | $201,000 | 199 | 50 | |
| Geneos Wealth Management Inc. | $110,738,003 | $492,735 | $1,382,469 | 107 | 70 |
| Hornor, Townsend & Kent, LLC | $94,249,160 | $174,859 | $682,793 | 201 | 56 |
| The Leaders Group | $127,802,156 | $163,977 | $832,418 | 115 | 21 |
| Concourse Financial Group Securities, Inc. | $185,000 | $534,000 | 163 | 35 | |
| Prospera Financial Services Inc. | $661,607 | $1,394,715 | 62 | 72 | |
| Grove Point Financial, LLC | $88,631,271 | $269,881 | $785,944 | 147 | 70 |
| Arete Wealth | $49,903,165 | $197,255 | $860,895 | 68 | 24 |
| Kovack Securities, Inc. | $72,719,590 | $237,471 | $585,000 | 290 | 60 |
| Harbour Investments Inc. | 77782000 | 362021 | 883425 | 123 | 53 |
| Arkadios Capital | $63,300,398 | $586,115 | $1,422,008 | 10 | 125 |
| The Investment Center Inc. | $68,601,881 | $265,899 | $1,150,464 | 133 | 41 |
| Equity Services Inc. | $13,000 | $375,000 | 156 | 30 | |
| The O.N. Equity Sales Co. | $60,858,650 | $151,390 | $428,003 | 151 | 19 |
| The Strategic Financial Alliance Inc. | $452,000 | $1,503,000 | 38 | 40 | |
| LaSalle St. Securities LLC | 55500000 | 230000 | 600000 | 215 | 45 |
| CFD Investments Inc. | $31,661,406 | $241,854 | $711,903 | 70 | 18 |
| Vanderbilt Financial Group | |||||
| Founders Financial | 26881089 | 472734 | 917128 | 60 | 20 |
| Fortune Financial Services, Inc. | $16,405,321 | $72,647 | $210,923 | 34 | 3 |
| Alden Investment Group | $850,000 | $1,000,000 | 50 | 10 | |
| Trustmont Financial Group Inc. | $164,000 | $515,200 | 29 | 7 | |
| Trutoro | $1,744,051 | $85,384 | $191,875 | 7 |
