Press Release

Investment Advisor Announces 2017 Broker-Dealers of the Year

Independent Broker-Dealers Select Top Firms for 27th Annual Readers Poll

New York, NY – August 28, 2017–  Representatives of independent broker-dealers have chosen the 2017 Broker-Dealers of the Year for Investment Advisor magazine’s 27th annual readers poll.

The winners of the 2017 Broker-Dealers of the Year include:

  • Division IV (more than 1,000 representatives): Cambridge Investment Research. Led by CEO Amy Webber and based in Fairfield, Iowa, Cambridge has won the award 10 times.
  • Division III (500 to 999 reps): American Portfolios Financial Services. Led by CEO, President and CIO Lon Dolber. This is the third time this New York-based firm has won.
  • Division II (200 to 499 reps): Geneos Wealth Management. Led by CEO Russell Diachok and represented in the September cover story by President Ryan Diachok, the Centennial, Colorado-based firm has received the award five times.
  • Division I (up to 199 representatives): Lion Street Financial. Led by President John Burmeister, Austin, Texas-based Lion Street is a second-time winner.

To find out more information on the 2017 Broker-Dealers of the Year, updates can be found here:

“Independent broker-dealers, like their industry peers, are dealing with intense regulatory, technological and other changes in 2017,” said Janet Levaux, Editor of Investment Advisor. “The 2017 Broker-Dealers of the Year have shown they excel at supporting their financial advisors through these shifts and building mutual success.”

In the annual balloting overseen by Investment Advisor’s editorial staff, over 1,400 credentialed representatives of independent broker-dealers voted online through Since 1995, the broker-dealers receiving the highest average rating from their advisors have been named Broker-Dealers of the Year in four divisions, which are based on the number of producing representatives.

The leaders of the 2017 Broker-Dealers of the Year gathered in Chicago in early August to discuss how their work has shifted due to the DOL fiduciary rule and other changes within the marketplace, how technology best fits into their advisors’ practices and their firm’s business plans, and what they are doing to improve the lives of their advisors and communities.

The takeaways from this discussion will be presented as the cover story of the September 2017 issue of Investment Advisor, which will be made available on here:

Winners of second-place honors in their division include: Independent Financial Group, The Investment Center and Prospera Financial Services. Sigma Financial Corp., United Planners Financial Services and Peak Brokerage Services are recognized among the third-place winners.

About Investment Advisor

Now in its 37th year of serving the investment, analysis and practice-management needs of independent and independent-minded advisors, Investment Advisor magazine is a key franchise within the ThinkAdvisor network of ALM. The Investment Advisor Group of ALM consistently produces the premier digital and print news, analysis and resources that the community of professional financial advice-givers needs to serve clients, stay compliant and maximize growth.


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