Lincoln Financial Network
A subsidiary of Lincoln Financial Group
2005 Market St.
Philadelphia, PA 19103
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 8,523
Year founded: 1905
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||8,822||8,523||8,457|
|No. of producing reps||—||8,523||8,457|
|No. of reps producing $100K-$499K /year||—||0||0|
|Total revenues: Other||$41,629,122||$35,779,804||$30,083,811|
|Total account assets||$22,339,163,980||$21,306,170,321||$18,605,562,063|
|Total account assets: Other||0||0||—|
|Average assets per rep||$2,621,045||$2,519,353||$2,201,060|
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 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....
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...
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...
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...
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...
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,...
October 6, 2013 - Mesirow Financial Holdings Inc. of Chicago has promoted Charles ‚ÄúChuck‚ÄĚ -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...
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...
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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