SagePoint Financial Inc.
A subsidiary of Advisor Group
20 E THOMAS RD Suite 2000
Phoenix, AZ 85012
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 2,344
Year founded: 1970
Year end: Dec. 31
No. of retail offices: 880
Recruitment & Staffing
|No. of reps||2,344||2,323||1,687|
|No. of producing reps||1,397||1,382||1,276|
|No. of reps producing $100K-$499K /year||578||580||599|
|Total revenues: Other||$62,282,706||$34,816,000||$31,464,000|
|Total account assets||$45,705,419,397||$39,072,712,432||$36,165,300,000|
|Total account assets: Other||$32,174,995,273||$28,279,037,094||$26,571,884,778|
|Average assets per rep||$19,498,899||$16,819,936||$21,437,641|
|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.|
August 24, 2018 - GPB Capital Holdings will overhaul and restate the 2015 and 2016 financial statements of certain funds as part of its accounting review, according to letters sent to broker-dealers. Last week, InvestmentNews reported that GPB Capital Holdings, a leading...
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
August 17, 2018 - A leading seller of high-risk, high-commission private placements, GPB Capital Holdings, with $1.8 billion in investor money, will take a break from raising new money to focus on straightening out the accounting and financial statements of its two large...
July 25, 2018 - The Financial Industry Regulatory Authority Inc. has censured four broker-dealers of Advisor Group and four National Planning B-Ds for poor supervision of variable annuity exchanges, fining them a total of almost $2.7 million. The individual broker-dealers...
July 11, 2018 - One of the current leading sellers of illiquid, high-commission alternative investments through independent broker-dealers, GPB Capital Holdings, has yet to file financial statements with the Securities and Exchange Commission for two of its largest funds,...
April 21, 2018 - Firm 2017 % revenue ($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%...
January 23, 2018 - The Advisor Group, the Phoenix, Ariz.-based parent of four independent broker-dealers, said that recruited a record 614 advisers last year. The firm, which consists of FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury...
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:...
October 17, 2017 - Brokers and securities compliance experts support Finra's effort to rank registered representatives and target those it believes pose the biggest threat to investors — as long as the broker-dealer regulator keeps the list to itself. Susan Axelrod, Finra...
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...
- 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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