Annual industry survey places firm in top revenue spots for advisor productivity and alternative investments
CHICAGO, Ill., Apr. 10, 2024 – Consistent with previous years, Arete Wealth has again been named a top Independent Broker-Dealer, according to an annual survey conducted by national industry news outlet Financial Advisor (FA).
Most notably, the firm ranked fifth overall in gross revenue per representative, averaging more than half a million dollars of annual revenue for each registered advisor.
“I’m proud and encouraged by our ranking results in this industry survey,” said Arete Wealth Founder and CEO Joshua D. Rogers. “Our firm’s focus on partnering with exceptional advisors is apparent in these numbers, as our top 5 place in measured revenue by advisor demonstrates the mutual reliance between our successes. This high revenue ranking also provides insight into the client retention, acquisition, and expert advising our advisors provide to their investors.”
In cited 2023 revenue, the firm’s distribution from non-traditional sources was the highest across all ranked Broker-Dealers, with over 50% of revenues coming from alternative investments or other unique wealth management channels.
“Arete Wealth offers traditional wealth planning and asset management along with connections to third-party money managers who typically work with retail investors,” said Arete Wealth Chief Operating Officer David Levine. “This means our clients may access endowment-type investing, traditionally reserved for institutions. These alternative investments center on Arete Wealth’s expertise in diversified products, offering our advisors and their investors expanded access to more investment opportunities – a key to our remarkability in wealth management.”
More details on the complete FA rankings can be sourced from the online publication at fa-mag.com/2024-independent-broker-dealer-survey.
About Arete Wealth Inc.
Arete Wealth is a remarkably sophisticated provider of financial services with expertise in wealth management, investment banking, managing broker-dealer services, direct-to-consumer digital investment solutions, and insurance. The firm’s diversified offerings and unique access to alternative investments, venture capital, and private equity programs are incomparable in the industry. Founded in 2007, Arete is consistently ranked a top US independent broker-dealer and registered investment advisory firm, based on growth and revenue.
Arete Wealth Advisors LLC and Arete Insurance Agency LLC are affiliates of Arete Wealth Management, LLC. Advisory services offered through Arete Wealth Advisors, an SEC registered investment advisor. Securities offered through Arete Wealth Management, LLC, member FINRA, SIPC.
Media contact:
Nate Moster
513.240.9241
Nate.Moster@AreteWealth.com
