NEXT Financial Group Inc.
A subsidiary of NEXT Financial Holdings Inc.
2500 Wilcrest Drive
Houston, TX 77042
Clearing firm: Pershing LLC
No. advisers: 539
No. franchises: 111
Year founded: 1999
Year end: Dec. 31
For More Information
|Top Executive||Barry G. Knight|
|Recruiting Contact||Peter Delehanty|
Barry G. Knight
|Compliance Contact||Leslie Jallans|
|Marketing Contact||Peter Delehanty|
|Technology Operations Contact||Chris Mueller|
Recruitment & Staffing
|No. of reps||539||619||674|
|No. of producing reps||—||619||674|
|No. of reps producing $100K-$499K /year||—||281||301|
|Total revenues: Other||$4,620,978||$4,942,328||$5,616,622|
|Total account assets||$14,358,317,515||$15,455,269,921||$15,692,776,397|
|Total account assets: Other||$10,751,856,425||$11,623,855,584||$12,019,604,102|
|Average assets per rep||$23,195,990||$22,930,668||$21,235,151|
|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||—|
December 7, 2017 - Next Financial Group Inc. is back in hot water with regulators and agreed on Tuesday to pay a $750,000 fine to Finra as part of settlement for a variety of violations, including the failure to catch a broker's excessive trading and poor supervision of...
September 15, 2017 - The Certified Financial Planner Board of Standards has imposed an automatic interim suspension of Tye C. Williams' CFP certification following his consent to an industry bar from Finra. Mr. Williams, who was associated with Next Financial Group in Frisco,...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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...
March 29, 2017 - A six-person advisory team managing $202 million in assets at Next Financial Group in Atlanta, and a two-person team in Saddle Brook, N.J., managing $261 million at UBS, have joined Ameriprise Financial. The Atlanta team, FMB Advisors, will be part of...
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....
October 31, 2016 - A broker-dealer team managing $280 million in client assets has joined LPL Financial from Lincoln Financial Advisors. (More: See all the latest moves in the InvestmentNews Advisers on the Move database) Devin Garofalo and his team of nine financial advisers...
February 5, 2016 - Finra is continuing its crackdown on brokerage firms for failing to give clients discounts for large purchases of investment products, ordering three firms to pay $1.2 million in fines and restitution. The three firms, Next Financial Group Inc., Key Investment...
November 25, 2015 - A glut of firms for sale is creating a buyer's market for independent broker-dealers that could put pressure on the prices sellers are able to attract. Firms for sale include Cetera Financial Group, AIG Adviser Group and Next Financial Group, which collectively...
November 17, 2015 - The AIG Advisor Group is up for sale. One of the largest networks of independent broker-dealers in the country, the AIG Advisor Group, recently hired a law firm, which in turn will select an investment bank to begin discussions with interested buyers,...
- 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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