Fairfield, Iowa-based Cambridge Investment Research announced that it added approximately $25 million in recruited advisor revenue in the first quarter. This follows the firm breaking a record in 2025 by recruiting about $170 million in advisor revenue and exceeding $2 billion in annual revenue for that year.
The firm attributes its growth to advisors’ demands for stability, partnership and independence amid an industry atmosphere of rapid consolidation.
“Advisors today are looking beyond short-term incentives and searching for a partner that aligns with their long-term vision,” said Amy Webber, CEO of Cambridge. “Since opening our doors more than 45 years ago, Cambridge has remained committed to independence, stability, and putting financial professionals first.”
She added, “Our recruiting momentum reflects the value advisors place on having the freedom to build their businesses their way while partnering with a firm that remains focused on sustainable growth and long-term relationships.”
Cambridge’s recruiting momentum reflects broader shifts in the independent advice space, according to Tammy Robbins, Executive Vice President of Business Development at Cambridge.
“We continue to see advisors gravitating toward firms that offer true independence and operational stability,” Robbins said. “Cambridge’s internally controlled ownership structure allows us to remain focused on the needs of our financial professionals without outside pressures influencing our decisions. Advisors want a partner that will support them not only through their next transition, but throughout the full lifecycle of their business, and we believe that continues to differentiate Cambridge in the marketplace.”
Cambridge supports over 4,100 advisors with more than $280 billion in assets under advisement.
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