A subsidiary of AXA Financial Inc.
1290 Sixth Ave.
New York, NY 10104
No. advisers: 4,743
Year founded: 1999
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||4,656||4,743||4,854|
|No. of producing reps||—||4,376||4,519|
|No. of reps producing $100K-$499K /year||—||1,485||1,484|
|Total revenues: Other||$29,800,000||$27,600,000||$24,400,000|
|Total account assets||$110,671,000,000||$111,901,000,000||$107,617,000,000|
|Total account assets: Other||$94,076,000,000||$95,819,000,000||$92,752,000,000|
|Average assets per rep||$23,333,544||$23,053,358||$21,192,792|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||Awareness and marketing|
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
November 22, 2016 - Right now, clients are looking to advisers to make processes easier, and send less paper. Christine Nigro of AXA Advisors explains why the industry should embrace the digital age.
October 16, 2016 - Top-ranked firms by net change in AUM Firm Gained AUM($M) Lost AUM($M) Net change($M) Gained # of teams Lost # of teams Raymond James 9,768 300 9,468 14 1 6 Meridian 2,200 0 2,200 1 0 RBC Wealth Management 1,824 0 1,824 5 0 Stifel Nicolaus & Co. 1,445...
September 30, 2016 - A broker who was fired in the wake of a $3.1 million civil judgment against him was barred by the Financial Industry Regulatory Authority Inc. this week. The broker, Herbert Weinstein, was fired by AXA Advisors in June because it was â€śuncomfortable...
May 18, 2016 - Finra announced this week it is conducting targeted exams related to mutual fund overcharges by brokerage firms. The Financial Industry Regulatory Authority Inc. posted a notice on its website declaring a â€śmutual fund waiver sweep,â€ť for which the...
October 27, 2015 - Five broker-dealers were ordered to reimburse clients a total of $18.4 million for charging them improper fees for mutual funds, Finra announced Tuesday. Edward Jones was ordered to pay $13.5 million, Stifel Nicolaus & Co., $2.9 million, Janney Montgomery...
October 1, 2014 - The Securities and Exchange Commission has charged a former Axa Advisors broker in Lewistown, Pa., with running a 14-year Ponzi scheme that misappropriated $1.5 million from his customers. Between 1998 and 2012, Dennis Wright, 68, allegedly induced at...
March 31, 2014 - Leave it to a former engineer and geophysicist to be hyper-organized in how he delivers information. We asked Steve Flodder to relate the impact of managed solutions on his business and clients, and he gave us the narrative equivalent of a flowchart....
January 17, 2014 - Holding company IBD subsidiary 2013 2012 % change LPL Financial Holdings Inc. LPL Financial LLC 13,553 13,155 3.0% Ameriprise Financial Ameriprise Financial Services Inc. 7,526 7,449 1.0% Cetera Financial Group Cetera Advisor Networks, Cetera Financial...
August 11, 2013 - Firm Clearing firm(s) used 2012 total revenue ($M) 1 LPL Financial LLC Self-clearing $3,582.7 2 Ameriprise Financial Services Inc. Self-clearing $2,910.0 3 Raymond James Financial Services Inc. Self-clearing $1,208.1 4 Lincoln Financial Network National...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2015 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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