Woodbury Financial Services

Woodbury Financial Services

A subsidiary of Advisor Group

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7755 Third St. N.

Oakdale, MN 55128

(800) 800-2638

joinwoodbury.com

Clearing firm: Pershing LLC

No. advisers: 1,936

AUM: $38,561,709,597

Year founded: 1910

Year end: Dec. 31

No. of retail offices: 771

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEORick Fergesen
Recruiting ContactScott Little
(651) 702-1930
E-mail
Compliance ContactMary Simonson
(800) 552-3319
E-mail
Marketing ContactSusan Theder
E-mail
Technology Operations ContactEd Obuchowski
602-262-3304
E-mail

Recruitment & Staffing

2017 2016 2015
No. of reps1,9361,7391,220
No. of producing reps1,1041,0241,075
No. of reps producing $100K-$499K /year538565599

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2017 2016 2015
Total revenues$285,583,941$253,943,000$261,401,000
Commission revenues$178,634,010$174,979,000$192,051,000
Fee revenues$62,392,636$53,631,000$48,285,000
Total revenues: Other$44,557,295$25,333,000$21,065,000
2017 2016 2015
Total account assets$38,561,709,597$31,692,005,811$29,636,300,000
Fee-based assets$8,665,518,938$6,477,678,956$5,069,065,724
Total account assets: Other$29,896,190,659$25,214,326,855$24,567,234,276
Average assets per rep$19,918,238$18,224,270$24,292,049
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationClient and contact management. Also have mobile solution for account opening and VA straight through processing.

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Two firms overseeing $378 million affiliate with Woodbury

August 8, 2018 - Life Wealth Principles, which oversees $312 million in assets in Golden, Colo., and National Financial Advisors, which oversees $66 million in assets in Denver, have affiliated with Woodbury Financial Services. Life Wealth Principles, headed by Mitch...

Finra whacks Advisor Group, NPH with $2.7 million in fines over variable annuity sales

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...

Investors wait for financial statements from leading seller of alternative investments

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,...

Finra panel orders Woodbury to pay customers $1.1 million

June 26, 2018 - A Financial Industry Regulatory Authority Inc. arbitration panel has ruled that Woodbury Financial Services must pay $970,107.21 in compensatory damages and $121,468 in interest to two clients as a result of the firm's failure to supervise a former broker....

Top independent broker-dealers ranked by revenue

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%...

Woodbury acquires Capital One's $10 billion adviser business

April 10, 2018 - Woodbury Financial Services, part of the Advisor Group, is buying Capital One Investing's $10 billion investment management and brokerage division. Capital One's advisers will join Woodbury's roster of affiliated independent advisers and get access to...

Advisor Group B-Ds recruited 614 advisers last year ‚Äč

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...

Finra bars no-show ex-Woodbury rep

November 17, 2017 - The Financial Industry Regulatory Authority Inc. has barred Robert H. Hoffmann, a former broker with Woodbury Financial Services, for failing to take part in an investigation looking into his trading recommendations. In October, Finra staff sent a request...

    Notes
  • 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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