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||—|
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
August 16, 2018 - The death of traditional wirehouses that's predicted periodically by industry experts is greatly exaggerated. Wirehouse advisers — those housed in the wealth management divisions of Merrill Lynch, Morgan Stanley, UBS and Wells Fargo — stay because...
June 28, 2018 - When it comes to workplace satisfaction among broker-dealers, some firms stand out from the pack. According to the latest research from J.D. Power, Commonwealth Financial, Raymond James Financial and Cambridge Investment Research fill the top three slots...
June 28, 2018 - Jim Nagengast, chief executive of Securities America Financial Corp., won a seat on the Finra board in a special election Thursday. Mr. Nagengast will fill one of the three seats on the Financial Industry Regulatory Authority Inc. board that are reserved...
June 13, 2018 - James Nagengast, CEO of Securities America Inc., is challening the Financial Industry Regulatory Authority Inc.'s hand-picked nominee for a seat on the regulatory body's board of governors. Both Mr. Nagengast and Finra's choice for the seat, Shelley O'Connor,...
May 10, 2018 - At a time when the financial advice industry is desperately attempting to become younger and more diverse, Edward Jones' move earlier this week to tap a woman as its next managing partner will only make the firm more attractive to potential female candidates...
May 9, 2018 - Arthur Grant is used to making his own way in the world and calling his own shots. In a move the independent broker-dealer market has been anticipating for years, Mr. Grant, 75, last month agreed to sell the IBD he founded 33 years ago, Cadaret Grant,...
April 21, 2018 - Firm 2017 % revenue ($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...
- 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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