10 IBDs Who Employ The Most CFPs

June 1st, 2022, 10:44 AM

At the close of 2021, there were approximately 92,055 certified financial planners (CFPs) in the United States. Below is a list of the large independent broker-dealers that employ the most CFPs, measured by numbers of financial advisors and their percentage of all of the advisors at that firm. 

  1. LPL Financial 

  • 2021:4,596
  • 2020: 3,833 
  • 23.1% of reps are CFPs 

  1. Raymond James Financial Services Inc. 

  • 2021: 1,411
  • 2021: 1,300
  • 20.9% of reps are CFPs

  1. Northwestern Mutual Investment Services 

  • 2021: 1,369 
  • 2020: 1,322 
  • 16.1% of reps are CFPs 

  1. Commonwealth Financial Network 

  • 2021: 1,074 
  • 2020: 1,046 
  • 42.3% of reps are CFPs

  1. Cambridge Investment Research Inc. 

  • 2021: 861
  • 2020: 832
  • 18.8% of reps are CFPs 

  1. MML Investors Services 

  • 2021: 597 
  • 2020: 635 
  • 9.0% of reps are CFPs

  1. Equitable Advisors 

  • 2021: 475 
  • 2020: 436 
  •  10.8% of reps are CFPs 

  1. Kestra Financial Inc. 

  • 2021: 339 
  • 2020: 310 
  • 18.9% of reps are CFPs

  1. Atria Wealth Solutions 

  • 2021: 286 
  • 2020: 312 
  • 12.3% of reps are CFPs 

  1. Securian Financial Services Inc. 

  • 2021: 224 CFPs 
  • 2020: 228 CFPs 
  • 20% of reps are CFPs  

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.

Return to All