Voya Financial Advisors Inc.
A subsidiary of Voya Financial
909 Locust St.
Des Moines, IA 50309
Clearing firm: Pershing LLC
No. advisers: 2,724
No. franchises: 1,461
Year founded: 1968
Year end: Dec. 31
No. of retail offices: 1,461
Recruitment & Staffing
|No. of reps||2,724||2,719||2,811|
|No. of producing reps||1,990||2,118||2,202|
|No. of reps producing $100K-$499K /year||778||842||784|
|Total revenues: Other||$16,933,356||$14,696,537||$19,331,031|
|Total account assets||$45,424,358,916||$42,400,208,111||$43,357,876,490|
|Total account assets: Other||$33,415,973,627||$32,006,730,105||$33,428,877,622|
|Average assets per rep||$16,675,609||$15,594,045||$15,424,360|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||—|
September 14, 2017 - Investment advisers are increasingly outsourcing portfolio management and concentrating on building client relationships, according to a study by Cerulli Associates. Outsourcing has three advantages, according to Cerulli, and the first is that it allows...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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...
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....
November 9, 2016 - A hybrid advisory firm managing $650 million in assets has joined LPL Financial from Voya Financial Advisors. President and CEO Todd A. Slingerland and 18 advisers at Capital Financial Planning in Albany, N.Y., are joining LPL's broker-dealer and RIA...
Massachusetts regulator William Galvin fines seven firms $238,000 for role in Realty Capital proxy fraud
June 22, 2016 - In a follow-up to last year's investigation that found the now-defunct Realty Capital Securities had committed proxy fraud, Secretary of the Commonwealth of Massachusetts William Galvin has fined seven broker-dealers a total of $238,000 for their role...
January 5, 2016 - Global Wealth Partners, a $400 million asset firm that was an affiliate of First Allied Securities, one of the 10 broker-dealers in the Cetera Financial Group network, has jumped ship to DFPG Investments Inc. Global Wealth Partners, with 12 registered...
December 18, 2015 - Some financial advisers affiliated with Cetera Financial Group's broker-dealers are beginning to feel skittish about their future prospects as parent company RCS Capital Corp. operates under the twin weights of a decimated stock price and an $800 million...
November 1, 2015 - A.G. Edwards & Sons Inc., Advest Inc., McDonald & Co. Twenty years ago, all were respected names in the securities industry â€” highly competitive regional broker-dealers whose advisers were employees, not independent contractors. Smaller than the full-service...
October 29, 2015 - A top adviser with Voya Financial Advisors Inc. earlier this month left the firm to join another broker-dealer, which claims Voya placed damaging information on the adviser's employment record in the wake of her departure. Allegations of â€śmarking upâ€ť...
- 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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Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.
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