InvestmentNews surveyed independent broker-dealers (IBDs) to determine which ones had the highest average payout per representative. Below are the top ten firms for 2022 and how their payouts last year compared to their payouts in 2021.
1. Commonwealth Financial Network
- Average payout in 2022: $749,000
- Average payout in 2021: $769,000
- Change: -2.6%
- Number of producing representatives: 2,117
2. Prospera Financial Services Inc.
- Average payout in 2022: $661,000
- Average payout in 2021: $607,492
- Change: 8.9%
- Number of producing representatives: 164
3. Arkadios Capital
- Average payout in 2022: $586,115
- Average payout in 2021: $529,110
- Change: 10.8%
- Number of producing representatives: 135
4. Raymond James Financial Services Inc.
- Average payout in 2022: $583,787
- Average payout in 2021: $523,120
- Change: 11.6%
- Number of producing representatives: 4,589
5. Kestra Financial Inc.
- Average payout in 2022: $575,586
- Average payout in 2021: $592,724
- Change: -2.9%
- Number of producing representatives: 1,335
6. Geneos Wealth Management Inc.
- Average payout in 2022: $492,735
- Average payout in 2021: $473,649
- Change: 4.0%
- Number of producing representatives: 217
7. Founders Financial
- Average payout in 2022: $472,734
- Average payout in 2021: $501,721
- Change: -5.8%
- Number of producing representatives: 90
8. The Strategic Financial Alliance Inc.
- Average payout in 2022: $452,000
- Average payout in 2021: $437,000
- Change: 3.4%
- Number of producing representatives: 105
9. United Planners Financial Services
- Average payout in 2022: $390,929
- Average payout in 2021: $385,000
- Change: 1.5%
- Number of producing representatives: 459
10. J.W. Cole Financial Inc.
- Average payout in 2022: $386,824
- Average payout in 2021: $347,000
- Change: 11.5%
- Number of producing representatives: 496
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