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WealthManagement.com's annual IBD Report Card survey, now in its sixth year, asks advisors from independent brokerages to rate the firms they work with from 1 (unacceptable) to 10 (outstanding) on a number of factors.
Broken out here are how the firms were rated on the top seven criteria of compensation, compliance, management, operational support and service, practice management and professional development, product offerings and technology, as well as how they fared compared to the average.
Compensation and Benefits
| Summit Brokerage Services, Inc.: 9.8 | Raymond James Financial Services, Inc.: 9.0 |
| Independent Financial Group, LLC: 9.6 | Average: 9.0 |
| Commonwealth Financial Network: 9.6 | Cambridge Investment Research, Inc.: 8.9 |
| Next Financial Group, Inc. 9.6 | Securities Service Network: 8.9 |
| Sigma Financial Corporation: 9.5 | Triad Advisors, Inc.: 8.7 |
| The Investment Center, Inc.: 9.5 | Voya Financial: 8.4 |
| Securities America, Inc.: 9.2 | LPL Financial Corporation: 7.6 |
| Parkland Securities, LLC: 9.0 | Signator Investors, Inc.: 7.4 |
Compliance
| Summit Brokerage Services, Inc: 9.8 | Cambridge Investment Research, Inc.: 9.3 |
| Commonwealth Financial Network: 9.8 | Parkland Securities, LLC: 9.3 |
| Next Financial Group, Inc.: 9.7 | Securities Service Network: 9.1 |
|
Independent Financial Group, LLC: 9.7 |
Average: 9.1 |
| Sigma Financial Corporation: 9.5 | Securities America, Inc.: 9.0 |
| The Investment Center: 9.4 | Voya Financial: 8.4 |
| Triad Advisors, Inc: 9.3 | Signator Investors, Inc.: 7.6 |
| Raymond James Financial Services, Inc. 9.3 | LPL Financial Corporation: 6.5 |
Management
| Commonwealth Financial Network: 9.8 | Parkland Securities, LLC: 9.3 |
|
Independent Financial Group: 9.8 |
Triad Advisors, Inc.: 9.3 |
| Summit Brokerage Services: 9.7 | Securities America, Inc.: 9.2 |
| Next Financial Group, Inc.: 9.7 | Average: 9.1 |
| The Investment Center, Inc.: 9.6 | Securities Service Network: 8.9 |
| Sigma Financial Corporation: 9.5 | Voya Financial: 8.6 |
| Raymond James Financial Services, Inc.: 9.5 | Signator Investors, Inc.: 8.1 |
| Cambridge Investment Research, Inc.: 9.4 | LPL Financial Corporation: 6.5 |
Operational Support and Service
| Commonwealth Financial Network: 9.8 | Raymond James Financial Services, Inc.: 9.5 |
| The Investment Center, Inc.: 9.8 | Securities America, Inc.: 9.0 |
| Summit Brokerage Services, Inc.: 9.8 | Securities Service Network: 9.0 |
| Sigma Financial Corporation: 9.8 | Cambridge Investment Research, Inc.: 9.0 |
| Independent Financial Group, LLC: 9.7 | Triad Advisors, Inc.: 8.9 |
| Next Financial Group, Inc.: 9.7 | Voya Financial: 8.6 |
| Average: 9.6 | Signator Investors, Inc. 8.3 |
| Parkland Securities, LLC: 9.6 | LPL Financial Corporation: 7.2 |
Practice Support and Professional Development
| Summit Brokerage Services, Inc.: 9.7 | Cambridge Investment Research, Inc.: 9.1 |
| Commonwealth Financial Network: 9.7 | The Investment Center, Inc.: 9.0 |
| Next Financial Group, Inc.: 9.6 | Average: 9.0 |
| Sigma Financial Corporation: 9.6 | Triad Advisors, Inc.: 8.5 |
| Independent Financial Group, LLC: 9.5 | Signator Investors, Inc.: 8.2 |
| Raymond James Financial Services, Inc.: 9.4 | Voya Financial: 8.2 |
| Securities America, Inc.: 9.3 | Securities Service Network: 8.1 |
| Parkland Securities, LLC: 9.3 | LPL Financial Corporation: 7.1 |
Product Offerings
| Summit Brokerage Services, Inc.: 9.8 | Cambridge Investment Research, Inc.: 9.4 |
| Commonwealth Financial Network: 9.8 | Securities America, Inc.: 9.2 |
| Independent Financial Group, LLC: 9.7 | Average: 9.2 |
| Next Financial Group, Inc.: 9.7 | Triad Advisors, Inc.: 9.0 |
| Sigma Financial Corporation: 9.6 | Securities Service Network: 8.9 |
| The Investment Center, Inc.: 9.6 | Voya Financial: 8.7 |
| Raymond James Financial Services, Inc.: 9.5 | Signator Investors, Inc.: 8.2 |
| Parkland Securities, LLC: 9.5 | LPL Financial Corporation: 7.9 |
Technology
| Summit Brokerage Service, Inc.: 9.8 | Securities America, Inc.: 9.0 |
| Commonwealth Financial Network: 9.7 | Securities Service Network: 8.8 |
| Next Financial Group, Inc: 9.4 | Average: 8.7 |
| Independent Financial Group, LLC: 9.4 | Cambridge Investment Research, Inc.: 8.6 |
| Sigma Financial Corporation: 9.4 | Triad Advisors, Inc.: 8.2 |
| Raymond James Financial Services, Inc. 9.1 | Voya Financial: 7.8 |
| The Investment Center, Inc.: 9.1 | Signator Investors, Inc.: 7.1 |
| Parkland Securities, LLC: 9.0 | LPL Financial Corporation: 6.1 |
