NEXT Financial Group Inc.
A subsidiary of NEXT Financial Holdings Inc.
2500 Wilcrest Drive
Houston, TX 77042
Clearing firm: Pershing LLC
No. advisers: 674
Year founded: 1999
Year end: Dec. 31
No. of retail offices: 495
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||Neil Khan|
Recruitment & Staffing
|No. of reps||619||674||739|
|No. of producing reps||619||674||726|
|No. of reps producing $100K-$499K /year||281||301||320|
|Total revenues: Other||$4,942,328||$5,616,622||$5,148,417|
|Total account assets||$15,455,269,921||$15,692,776,397||$15,331,197,361|
|Total account assets: Other||$11,623,855,584||$12,019,604,102||$10,156,362,781|
|Average assets per rep||$22,930,668||$21,235,151||$17,053,612|
|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||—|
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....
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 $1.2 million in fines and restitution. The three firms, Next Financial Group Inc., Key Investment...
November 25, 2015 - A glut of firms for sale is creating a buyer's market for independent broker-dealers that could put pressure on the prices sellers are able to attract. Firms for sale include Cetera Financial Group, AIG Adviser Group and Next Financial Group, which collectively...
November 17, 2015 - The AIG Advisor Group is up for sale. One of the largest networks of independent broker-dealers in the country, the AIG Advisor Group, recently hired a law firm, which in turn will select an investment bank to begin discussions with interested buyers,...
November 3, 2015 - John Hancock Financial Network Inc. said Tuesday it was acquiring up to 1,100 advisers from Transamerica Financial Advisors Inc. Those advisers represent roughly one-quarter of those currently affiliated with Transamerica. Upon the close of the transaction,...
April 27, 2014 - These are heady times for the independent-broker-dealer industry, which came roaring back to life in 2013 and is poised for another strong year, despite the broad market's recent volatility. Overall, 2013 saw a return to double-digit revenue growth on...
June 2, 2013 - Rank Firm Total assets ($M) Total accounts Discretionary assets ($M) Discretionary accounts Nondiscretionary assets ($M) Nondiscretionary accounts 1 Morgan Stanley $393,520.4 1,403,637 $210,223.0 569,193 $183,297.4 834,444 2 Merrill Lynch Pierce Fenner...
May 26, 2013 - The $7.5 million fine against LPL Financial LLC last week for e-mail violations is noteworthy for its size â€” it is the largest ever brought by Finra exclusively for e-mail violations â€” but a review by InvestmentNews shows that it is just the latest...
May 22, 2013 - The $7.5 million fine against LPL Financial LLC for e-mail violations is noteworthy for its size â€” it's the largest ever brought by Finra for e-mail violations â€” but a review by InvestmentNews shows that it is just the latest in a stepped-up enforcement...
- 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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