5707 Southwest Parkway Bldg 2 Suite 400
Austin, TX 78735
Clearing firm: National Financial Services LLC
No. advisers: 1,712
Year founded: 1996
Year end: Dec. 31
No. of retail offices: 656
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Financial advisor acquisitions are multiplying, and it's vital advisors understand what separates a truly successful acquisition from the rest. We explored commissioned research to learn how to find the right match and manage the transition successfully; resulting in a deal that retains clients and boosts your bottom line.
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|No. of reps||1,712||1,761||1,760|
|No. of producing reps||1,321||1,383||1,393|
|No. of reps producing $100K-$499K /year||458||469||433|
|Total revenues: Other||$44,704,384||$46,577,760||$23,565,777|
|Total account assets||$75,604,901,006||$70,371,925,699||$66,904,440,052|
|Total account assets: Other||$56,398,583,969||$53,685,905,593||$51,560,851,121|
|Average assets per rep||$44,161,741||$39,961,343||$38,013,886|
October 18, 2017 - Private equity investors have their eyes on the financial advice market, but there's a debate brewing among industry executives over the merits of using that private capital. "Here's a news flash, Charlie: the independent space has been discovered. Everyone...
August 10, 2017 - If LPL Financial Holdings Inc. acquires the four broker-dealers in the National Planning Holdings' network, the largest independent contractor broker-dealer could see earnings growth next year of 20%, according to Steven Chubak, an analyst at Nomura Securities....
August 9, 2017 - With speculation swirling about an imminent sale of the four National Planning Holdings Inc. broker-dealers, the network's CEO, Scott E. Romine, last week took the extraordinary step to send an email to the 3,500 reps and advisers affiliated with the...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
May 24, 2017 - Despite the regulatory pressure on financial advisers to transition to an entirely fee-based business, the hybrid model remains an important option to fully service high-net-worth and mass affluent clients. Hybrid advisers, also known as dually-registered...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($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 22, 2017 - Five advisers who collectively manage $250 million in assets have joined forces to create an independent firm, The Strategic Wealth Management Group, based in Mansfield, Ohio. Three of the principals â€” Jeremy Swank, Rob Hassman and Greg Kibler â€” most...
January 22, 2017 - If past is prologue, 2017 should see a steady pace of independent broker-dealer consolidation and mergers and acquisitions. Last year saw transactions involving firms that house thousands of registered reps and financial advisers as the industry scrambled...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
October 16, 2016 - Top-ranked firms by net change in AUM Firm Gained AUM($M) Lost AUM($M) Net change($M) Gained # of teams Lost # of teams Raymond James 9,768 300 9,468 14 1 6 Meridian 2,200 0 2,200 1 0 RBC Wealth Management 1,824 0 1,824 5 0 Stifel Nicolaus & Co. 1,445...
- 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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