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||$49,524,000||$37,634,000||$42,356,000|
|Total account assets||$60,798,064,568||$57,020,800,000||$59,559,000,000|
|Total account assets: Other||$34,312,175,928||$35,139,568,632||$37,101,415,000|
|Average assets per rep||$21,854,085||$30,822,054||$31,562,798|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Client and contact management. Also have mobile solution for account opening and VA straight through processing.|
October 20, 2017 - Advisor Group is introducing a platform for advisers to buy and sell practices that uses a new online model for creating a business valuation. The program supports succession planning mergers and acquisitions across the Advisor Group network of broker-dealers:...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
May 9, 2017 - Nine financial firms agreed Tuesday to adopt a fee disclosure template developed by state regulators and other groups that is designed to help clients understand and compare service and maintenance costs. The North American Securities Administrators Association,...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...
April 22, 2017 - As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms â€” those with roughly $250 million and more in total revenue â€” collectively reporting...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
January 10, 2017 - With the Department of Labor's new fiduciary rule for retirement accounts looming, the Advisor Group said on Tuesday it has made broad changes to its investment platform for its 5,000 advisers. The firm, which has four broker-dealers in its network, said...
- 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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