Royal Alliance Associates Inc.
A subsidiary of Advisor Group
10 Exchange Place, Suite 1410
Jersey City, NJ 07302
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 5,799
Year founded: 1989
Year end: Dec. 31
No. of retail offices: 1,477
Recruitment & Staffing
|No. of reps||5,799||2,876||2,782|
|No. of producing reps||3,086||1,580||1,505|
|No. of reps producing $100K-$499K /year||684||635||627|
|Total revenues: Other||$106,283,852||$82,283,833||$49,524,000|
|Total account assets||$103,276,801,356||$66,590,310,633||$60,798,064,568|
|Total account assets: Other||$69,878,568,364||$39,438,789,414||$34,312,175,928|
|Average assets per rep||$17,809,416||$23,153,794||$21,854,085|
|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||Client and contact management. Also have mobile solution for account opening and VA straight through processing.|
September 6, 2019 - Some of Advisor Group's more than 7,000 brokers and financial advisers are underwhelmed by the broker-dealer network's offer of various cash awards and bonuses designed to keep them happy and in their seats as the firm adjusts to new ownership. "I think...
August 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...
June 21, 2019 - In a blow to investors, GPB Capital on Friday reported significant losses in the value of its investment funds, which are in the form of private partnerships that invest primarily in auto dealerships and waste management businesses. The two largest, GPB...
June 17, 2019 - National Financial Services, the clearing and custody unit of Fidelity Investments, is telling broker-dealer clients they have 90 days to move private placements issued by beleaguered GPB Capital off its platform or work with the custodian as it tries...
June 5, 2019 - Now that the sale of Advisor Group is in the bag, the management of the broker-dealer network will hit the road this summer, visiting to financial advisers in 20 cities to provide an update from CEO Jamie Price. Last month, Advisor Group said that private-equity...
May 14, 2019 - A few years ago, the independent broker-dealer industry was supposed to be in its death throes. Margins were in sharp decline. Costs from technology and regulation, in particular the Department of Labor's dreaded fiduciary rule, were eroding profits....
May 9, 2019 - Advisor Group put weeks of speculation to rest late Thursday when it said private-equity manager Reverence Capital Partners agreed to acquire 75% of the broker-dealer network from Lightyear Capital, PSP Investments and other investors. Financial terms...
May 9, 2019 - Advisor Group, a group of independent contractor broker-dealers with close to 11,800 financial advisers, is close to announcing that it will be acquired by private equity investors for a price tag of $2.3 billion, according to sources familiar with the...
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
- 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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