Royal Alliance Associates Inc.
A subsidiary of Advisor Group
10 Exchange Place, Suite 1410
Jersey City, NJ 07302
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 2,876
Year founded: 1989
Year end: Dec. 31
No. of retail offices: 817
Recruitment & Staffing
|No. of reps||2,876||2,782||1,850|
|No. of producing reps||1,580||1,505||1,620|
|No. of reps producing $100K-$499K /year||635||627||657|
|Total revenues: Other||$82,283,833||$49,524,000||$37,634,000|
|Total account assets||$66,590,310,633||$60,798,064,568||$57,020,800,000|
|Total account assets: Other||$39,438,789,414||$34,312,175,928||$35,139,568,632|
|Average assets per rep||$23,153,794||$21,854,085||$30,822,054|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Client and contact management. Also have mobile solution for account opening and VA straight through processing.|
May 24, 2018 - A former Royal Alliance broker could face up to 20 years in prison for allegedly stealing more than $4 million over several years from four elderly clients. Gary Basralian, a Springfield, N.J.-based broker who resigned from Royal Alliance in December,...
April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...
April 10, 2018 - Yet another broker-dealer is taking a stab at working with bank brokers, as Woodbury Financial Services on Tuesday said it had acquired $10 billion in brokerage and advisory assets from Capital One Financial Corp. The deal, terms of which were not disclosed,...
March 21, 2018 - The Financial Industry Regulatory Authority has barred Gary J. Basralian after the former Royal Alliance broker declined to take part in a hearing investigating alleged fraud. In a letter of acceptance, waiver and consent, Finra said that Mr. Basralian,...
October 20, 2017 - Advisor Group is introducing a platform for advisers to buy and sell practices that uses a new online model for creating a business valuation. The program supports succession planning mergers and acquisitions across the Advisor Group network of broker-dealers:...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
May 9, 2017 - Nine financial firms agreed Tuesday to adopt a fee disclosure template developed by state regulators and other groups that is designed to help clients understand and compare service and maintenance costs. The North American Securities Administrators Association,...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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