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Industry Spotlight > Broker Dealers

The Rules and Runners Up for the 2016 Broker-Dealers of the Year

By Danielle Andrus

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The process of choosing the Broker-Dealers of the Year begins in March when Investment Advisor starts compiling the Broker-Dealer Reference Guide. The firms vetted for inclusion in the guide are eligible to be considered for the Broker-Dealer of the Year.

Ballots for the award are available online in June, when reps at the BDs in the guide can begin rating their firm in 15 categories, including an overall rating. Firms that get votes from at least 10% of their producing reps are in the running for Broker-Dealer of the Year.

This year, 1,435 valid votes were counted.

Second Place Winners

  • Division I (Up to 199 producing reps): Prospera Financial
  • Division II (200-499 producing reps): Geneos Wealth Management
  • Division III (500-999 producing reps): Independent Financial Group
  • Division IV (1,000 or more producing reps): Woodbury Financial

Among the questions we ask reps is which broker-dealer they would affiliate with if they left for another firm. Just 12% of reps responded to that question, naming Commonwealth as the firm they would most likely end up.

— Read Facing Off: The 2016 Broker-Dealers of the Year on ThinkAdvisor. Click here to be notified when the selection process for the 2017 Broker-Dealers of the Year begins.

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