Top 10 IBDs That Earn the Most in Fees
Fees are an increasingly important part of the revenue mix for independent broker-dealers. In 2019, fees made up 46% of the revenue earned by the top 25 IBDS, which was unchanged from 2018, but up from 34% in 2013. Commissions comprised 37% of the top 25 firms’ revenue last year, down from 52% in 2013.
Here are the 10 IBDs that reported the highest fee revenue last year, along with the growth they reported in fees. These data were collected from firms that participated in InvestmentNews' independent broker-dealer survey. Click through to see the firms with the highest fee revenue, and visit the complete Broker-Dealer Data Center here.