Cambridge Investment Research Inc.
1776 Pleasant Plain Road
Fairfield, IA 52556
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 3,956
No. franchises: 2,067
Year founded: 1981
Year end: Dec. 31
No. of retail offices: 2,149
Recruitment & Staffing
|No. of reps||3,956||3,738||3,495|
|No. of producing reps||3,175||3,005||2,821|
|No. of reps producing $100K-$499K /year||1,369||1,290||1,186|
|Total revenues: Other||$91,779,037||$82,086,994||$81,159,448|
|Total account assets||$94,244,000,000||$78,508,000,000||$69,560,000,000|
|Total account assets: Other||$43,480,000,000||$36,977,000,000||$31,685,000,000|
|Average assets per rep||$23,823,054||$21,002,675||$19,902,718|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||—|
June 13, 2018 - James Nagengast, CEO of Securities America Inc., is challening the Financial Industry Regulatory Authority Inc.'s hand-picked nominee for a seat on the regulatory body's board of governors. Both Mr. Nagengast and Finra's choice for the seat, Shelley O'Connor,...
May 10, 2018 - At a time when the financial advice industry is desperately attempting to become younger and more diverse, Edward Jones' move earlier this week to tap a woman as its next managing partner will only make the firm more attractive to potential female candidates...
May 9, 2018 - Arthur Grant is used to making his own way in the world and calling his own shots. In a move the independent broker-dealer market has been anticipating for years, Mr. Grant, 75, last month agreed to sell the IBD he founded 33 years ago, Cadaret Grant,...
April 21, 2018 - Firm 2017 % revenue ($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%...
April 21, 2018 - After a dismal 2016, the independent broker-dealer industry came back to life in 2017, with the top 25 IBDs collectively reporting $23.2 billion in revenue, a 13.1% annual increase, according to InvestmentNews research. InvestmentNews has been tracking...
March 28, 2018 - While the wirehouses have dramatically pulled back in recruiting new brokers, broker-dealers that pay reps as independent contractors are spending like crazy to hire new talent. A key metric for broker-dealers when recruiting new brokers and advisers...
February 1, 2018 - LPL Financial Holdings Inc. reported Thursday that it was on track to hit its target of bringing over 70% of the revenue of National Planning Holdings, a company it acquired last year. In its fourth-quarter earnings report, LPL did not report how much...
November 16, 2017 - What regulatory issues should be on advisers' radar? Colleen Bell of Cambridge Investment Research and Lori Vinciguerra of Pershing offer their predictions and insights.
November 8, 2017 - A number of large teams in the National Planning Holdings adviser network have moved to rivals, but LPL Financial assured investors that in the initial phase of moving advisers from two of NPH's broker-dealers, it is on track to transfer 70% of adviser...
October 23, 2017 - Three key rivals of LPL Financial are scooping up advisers affiliated with the National Planning Holdings broker-dealers who annually generate $100 million in fees and revenues, known as gross dealer concession or GDC in the industry, according to industry...
- 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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