Northwestern Mutual Investment Services
A subsidiary of The Northwestern Mutual Life Insurance Co.
720 E. Wisconsin Ave.
Milwaukee, WI 53202
No. advisers: 5,138
Year founded: 1968
Year end: Dec. 31
No. of retail offices: 876
Recruitment & Staffing
|No. of reps||5,138||5,037||6,015|
|No. of producing reps||5,138||5,037||5,750|
|No. of reps producing $100K-$499K /year||954||823||1,195|
|Total revenues: Other||$91,098,481||$65,708,454||$82,434,684|
|Total account assets||$125,118,600,000||$100,490,000,000||$111,704,644,783|
|Total account assets: Other||$55,553,400,000||$48,978,100,000||$68,403,151,185|
|Average assets per rep||$24,351,615||$19,950,367||$18,571,013|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||CRM|
June 26, 2018 - A Financial Industry Regulatory Authority Inc. arbitration panel has ruled that Woodbury Financial Services must pay $970,107.21 in compensatory damages and $121,468 in interest to two clients as a result of the firm's failure to supervise a former broker....
April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...
March 23, 2018 - A three-broker team managing $400 million at Merrill Lynch in Plymouth, Minn., and a JP Morgan adviser managing $111 million in Niles, Mich., have left their firms to go independent through the FiNet unit of Wells Fargo. Leaving Merrill Lynch are Shawn...
November 27, 2017 - A three-adviser team formerly with Wells Fargo Advisors in Brentwood, Tenn., has formed the Williams Hunter Wealth Group and affiliated with the independent unit of Raymond James, according to a press release. The registered representatives — Alan E....
November 17, 2017 - The Financial Industry Regulatory Authority Inc. has barred Robert H. Hoffmann, a former broker with Woodbury Financial Services, for failing to take part in an investigation looking into his trading recommendations. In October, Finra staff sent a request...
June 22, 2016 - Brokers who change phone numbers and email addresses in an attempt to retain clients before leaving their firms is a regular problem that has sparked recent disciplinary action, according to the Financial Industry Regulatory Authority Inc. This month...
- 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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