Lincoln Financial Network

Lincoln Financial Network

A subsidiary of Lincoln Financial Group

Share:

2005 Market St.

Philadelphia, PA 19103

866-533-3410

JoinLFN.com

Clearing firm: National Financial Services LLC, Pershing LLC

No. advisers: 8,885

AUM: $24,335,659,093

Year founded: 1905

Year end: Dec. 31

You are currently viewing a limited portion of this firm's profile.

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

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

Top ExecutiveDavid S Berkowitz
Recruiting Contact
866-533-3410
E-mail
Compliance ContactPatrick J Caulfield
(860) 466-1838
E-mail
Marketing ContactTara Harkins
(484) 583-6365
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps8,8858,5238,457
No. of producing reps8,8858,5238,457
No. of reps producing $100K-$499K /year000
2016 2015 2014
Total revenues$826,319,709$854,613,002$816,844,022
Commission revenues$591,405,133$629,192,186$608,178,828
Fee revenues$191,864,576$183,791,694$172,885,390
Total revenues: Other$43,050,000$41,629,122$35,779,804
2016 2015 2014
Total account assets$24,335,659,093$22,339,163,980$21,306,170,321
Fee-based assets000
Total account assets: Other000
Average assets per rep$2,738,960$2,621,045$2,519,353

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...

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....

Finra fines Lincoln Financial broker-dealer $650,000 for failing to protect client data

November 15, 2016 - One of Lincoln Financial Network's independent broker-dealers was fined $650,000 by the Financial Industry Regulatory Authority Inc. for failing to reasonably safeguard confidential customer data and exposing thousands of clients' records to foreign hackers....

Broker-dealers eye level commissions to reduce risk under DOL fiduciary rule

July 11, 2016 - Broker-dealer executives are strongly considering a strategy whereby investment products with similar characteristics would have the same commission schedule as a way to reduce risk under a new Labor Department rule that raises investment advice standards...

Insurance-based broker-dealers plan to use BICE under DOL fiduciary rule

July 7, 2016 - Insurance companies with affiliated broker-dealer networks are slowly coming out of their hibernation phase that followed release of the Labor Department's final fiduciary rule in early April, with some announcing plans to comply with portions of the...

Cetera's parent company appoints three new board members, including former head of eMoney Advisor

June 16, 2016 - Aretec, the parent company of Cetera Financial Group, this morning rounded out its board of directors and announced the appointment of three veteran executives to its seven-person board. The three new directors are Mary Cranston, a noted attorney; Robert...

Another key executive departs LPL

January 23, 2015 - LPL Financial's top recruiter on the East Coast, James Sorey, left the firm earlier this month, continuing a brain drain at the nation's largest independent broker-dealer. Mr. Sorey was senior vice president, East region manager, for LPL. He was based...

People on the move

October 27, 2013 - Roof Advisory Group Inc. of Harrisburg, Pa., has promoted Kevin S. Roof, 55, to chief operating officer. He will maintain his role as chief compliance officer. Mr. Roof is responsible for all business operations and compliance issues for the firm. Additionally,...

People on the move

October 6, 2013 - Mesirow Financial Holdings Inc. of Chicago has promoted Charles “Chuck” -Lawless, 42, to senior managing director of the Investment Advisory Group in Winnetka, Ill. He will continue to work on client service and business development with high-net-worth...

People on the move

September 22, 2013 - Threshold Group of Philadelphia has promoted Mark deVries, 33, to director of manager research, from senior investment analyst, and hired Alex Hokanson, 33, to fill the latter position. Mr. deVries will oversee the manager due-diligence team, which focuses...

    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.

Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.

For comments or suggestions about the Adviser Center, please contact us.

Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.

Latest news & opinion

Wells Fargo's move to boost signing bonuses could give it a lift

Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal

New Jersey fines David Lerner Associates for nontraded REIT sales

Firm will pay $650,000 for suitability, compliance and books and records violations.

Report predicts $400 trillion retirement savings gap by 2050

Shortfall driven by longer life spans and disappointing investment returns.

Wells Fargo will ramp up spending to lure brokers

Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers

DOL fiduciary rule pushes indexed annuity carriers to develop new products

Insurers are introducing fixed-rate deferred annuities with income guarantees to circumvent BICE.