With our annual rankings, Financial Planning recognizes the industry’s top-producing young brokers among wirehouses and regional firms.
The Top 40 Regional Brokers Under 40 produce $87.3 million in collective annual revenue at an average of $2.2 million per representative in trailing 12-month production while managing $15.3 billion in client assets. Compared to last year’s group of top young regional brokers, the class production ticked down slightly from $88 million and client assets remained flat at $15 billion.
Financial advisors earning a spot in the 2022 edition of the rankings come from six different firms: Ameriprise, Raymond James, RBC, William Blair, Janney Montgomery Scott and Baird.
Among regional firms, Ameriprise leads at 15 brokers in this year’s list, with Raymond James & Associates coming in second at eight and with RBC in third with seven representatives.
To view the Top 40 Regional Brokers Under 40, scroll down our slideshow. For a profile of award-winning J.P. Morgan Wealth Management advisor David Li, click here. To find out why this year’s group represents a milestone for wealth management and what that means for the industry, click here.
A note on methodology: Nominees for the rankings were 39 or younger as of Dec. 31, 2021, and were registered with a wealth management firm in the employee channel. FP uses production totals that are verified by each broker’s employer to determine the rankings. Trailing 12-month production and AUM are as of Sept. 31, 2021.