Cambridge Investment Research Inc.

Cambridge Investment Research Inc.

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1776 Pleasant Plain Road

Fairfield, IA 52556

(800) 777-6080

joincambridge.com

Clearing firm: National Financial Services LLC, Pershing LLC

No. advisers: 3,738

No. franchises: 1,996

AUM: $78,508,000,000

Year founded: 1981

Year end: Dec. 31

No. of retail offices: 1,954

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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

CEOAmy Webber
Recruiting ContactKyle Selberg
(800) 777-6080
E-mail
Compliance ContactTom Anderson
(800) 777-6080
E-mail
Marketing ContactDan Sullivan
(800) 777-6080
E-mail
Technology Operations ContactRyan Reineke
(800) 777-6080
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps3,7383,4953,374
No. of producing reps3,0052,8212,713
No. of reps producing $100K-$499K /year1,2901,1861,118

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.

2016 2015 2014
Total revenues$711,466,662$698,143,752$651,408,384
Commission revenues$241,060,535$250,289,232$250,227,449
Fee revenues$388,319,133$366,695,072$332,469,870
Total revenues: Other$82,086,994$81,159,448$68,711,065
2016 2015 2014
Total account assets$78,508,000,000$69,560,000,000$67,760,000,000
Fee-based assets$41,530,000,000$37,875,000,000$36,710,000,000
Total account assets: Other$36,977,000,000$31,685,000,000$31,050,000,000
Average assets per rep$21,002,675$19,902,718$20,082,988
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 application

Top clearing and custody firms for financial advisers

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...

Top independent broker-dealers by revenue and payout

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...

Independent broker-dealers hit a wall

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 — those with roughly $250 million and more in total revenue — collectively reporting...

Rogue brokers still pose danger to investors

February 6, 2017 - The Financial Industry Regulatory Authority Inc. is making a lot of noise about keeping tabs on what it perceives to be high-risk or recidivist brokers, commonly called rogues in the industry. At the start of the year, Finra placed the monitoring of such...

Top independent broker-dealers reveal their payout tables

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....

Amy Webber to replace Eric Schwartz as CEO of Cambridge Investment Research

January 3, 2017 - Eric Schwartz, the founder of independent broker-dealer Cambridge Investment Research Inc., has stepped down as the firm's CEO and has been replaced by longtime executive Amy Webber, who will also remain the firm's president. Mr. Schwartz, who also held...

Cambridge's Eric Schwartz looks into the future of independent broker-dealer industry

December 29, 2016 - Eric Schwartz, founder, chairman and CEO of Cambridge Investment Research Inc., is one of the brightest guys in the securities business. One of the most unassuming, too. He started a predecessor to Cambridge in the 1980s but struggled with it due to its...

From the C-Suite with Cambridge's Amy Webber: Empowering others to demand improvements

November 21, 2016 - A random work-study job landed Amy Webber at a broker-dealer 28 years ago, but it was persistence and sweat that launched her to the position of president at Cambridge Investment Research Inc. Being a young woman in an industry dominated by older men,...

Eyes wide shut on DOL fiduciary future

November 6, 2016 - As more time elapses and more information trickles out about the Department of Labor's coming fiduciary rule, it is becoming more apparent that parties both inside and outside the regulatory clutch are still largely speculating about what lies ahead....

    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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