NEXT Financial Group Inc.

NEXT Financial Group Inc.

A subsidiary of NEXT Financial Holdings Inc.

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2500 Wilcrest Drive

Houston, TX 77042

(877) 876-6398

www.nextfinancial.com

Clearing firm: Pershing LLC

No. advisers: 539

No. franchises: 111

Year founded: 1999

Year end: Dec. 31

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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

CEONorman Grant
Top ExecutiveBarry G. Knight
Recruiting ContactPeter Delehanty
(713) 375-2610
E-mail

Barry G. Knight
(713) 333-4888
E-mail
Compliance ContactLeslie Jallans
(713) 375-2553
E-mail
Marketing ContactPeter Delehanty
(713) 375-2610
E-mail
Technology Operations ContactChris Mueller
(713) 328-4949
E-mail

Recruitment & Staffing

2017 2016 2015
No. of reps539619674
No. of producing reps619674
No. of reps producing $100K-$499K /year281301

Payout grid is available to Data Center subscribers only.

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

2016 2015 2014
Total revenues$107,787,124$123,469,149$130,383,882
Commission revenues$66,201,030$77,615,870$83,043,269
Fee revenues$36,965,116$40,921,301$41,723,991
Total revenues: Other$4,620,978$4,942,328$5,616,622
2016 2015 2014
Total account assets$14,358,317,515$15,455,269,921$15,692,776,397
Fee-based assets$3,606,461,090$3,831,414,337$3,673,172,295
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 mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?N
Primary purpose of mobile application

Next Financial whacked (once again) by Finra

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...

CFP Board suspends Tye Williams after Finra bar

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,...

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...

Advisers managing $463 million join Ameriprise ‚Äč

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...

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....

Advisory team managing $280 million in client assets moves from Lincoln Financial to LPL

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...

Finra cracks down on firms for missing discounts on UIT sales

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...

Glut of IBDs for sale creating a buyer's market, putting pressure on prices

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...

AIG Advisor Group on the block

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,...

    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.

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