Recruitment & Staffing
|No. of reps||—||556||564|
|No. of producing reps||—||537||564|
|No. of reps producing $100K-$499K /year||—||244||258|
|Total revenues: Other||—||$12,027,000||$13,875,000|
|Total account assets||—||$20,601,654,000||$19,979,659,000|
|Total account assets: Other||—||$14,078,449,000||$13,456,071,000|
|Average assets per rep||—||$37,053,335||$35,424,927|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||—|
April 17, 2018 - The Securities and Exchange Commission has barred Scott Newsholme, an unregistered investment adviser, after he pleaded guilty last week in federal court to wire fraud, aggravated identity theft and aiding and abetting preparation of false tax returns....
April 9, 2018 - Griffin Financial, a hybrid advisory firm managing $120 million in assets, has switched its broker-dealer and advisory affiliations from SII Investments to Kestra Financial. Griffin is based in Austin, Texas, and is led by Kitt Griffin and Steven Livitz....
February 26, 2018 - LPL Financial said Monday it had wrapped up its acquisition of advisers from National Planning Holdings, but declined to say whether it had reached its goal of moving over 70% of the revenue generated by the network's advisers. Last August, LPL announced...
January 2, 2018 - Scarborough Capital Management, a hybrid firm that manages $875 million, has switched its broker-dealer affiliation from SII Investments to Independent Financial Group. SII is one of four firms that made up the National Planning Holdings network, which...
December 13, 2017 - Ferrigno Financial, which administers more than $300 million in assets, has switched affiliations from SII Investments to FSC Securities, part of the Advisor Group. Based in Washingtonville, N.Y., Ferrigno Financial was founded in 1969 by Douglas Ferrigno,...
December 12, 2017 - A nine-adviser group headed by Phil Wood and managing $380 million in Fremont, Neb., has changed affiliation and joined the franchise channel of Ameriprise. In addition to its office in the greater Omaha area, the team has offices in Iowa and Florida....
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
Today's retiree's expect so much from retirement than previous generations and advisers are in prime position to help their clients what's important and what's not.
Latest news & opinion
Subjects will be added to its Level I and II coursework for the first time next year.
Funds that are seeing inflows largely steer clear of sectors like utilities.
Company also set aside $114 million over fees for rich clients.
New sub-advised funds, offered exclusively through financial advisers, are intended to lower costs and provide 'greater flexibility.'
Charles Schwab's latest RIA Benchmarking Study reports organic growth is driving increased AUM and revenues.