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.|
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...
April 20, 2019 - Despite a stock market decline, the largest independent broker-dealers turned in another stellar year in 2018, with revenue for the top 25 firms participating in an InvestmentNews survey reaching $25.5 billion, a 14.7% increase over 2017. The 2018 increase...
January 22, 2019 - Massachusetts securities regulators have charged Royal Alliance Associates with failure to supervise a broker who recommended unsuitable investments to a couple, which ultimately cost the investors nearly $60,000. The broker, Stephen F. Davis of Barrington,...
January 16, 2019 - A widow with a brain injury has been awarded $4.2 million by a Finra arbitration panel that found that a former broker for Royal Alliance Associates stole money from her. The ex-broker, Gary Basralian, 71, admitted in August as part of plea agreement...
November 14, 2018 - Investors in private placement funds of GPB Capital Holdings who have been waiting for financial statements for its two largest funds will have to keep on waiting. GPB said in August it was overhauling and restating the 2015 and 2016 financial statements...
October 11, 2018 - Another life insurance company is dumping its independent broker-dealer, with Allianz Life Insurance Co. of North America saying on Thursday it was leaving the retail broker-dealer and RIA businesses. Advisers with Allianz's Questar Capital Corp., the...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
Latest news & opinion
Retiring during the longest-running bull market in history can be scary, as some begin to wonder when the good times will end.
String of allegations costs the self-help guru his gig as chief of investor psychology at Creative Planning.
Commission adds new item to agenda: Interpretation of broker guidance that qualifies as advice
The measure allows small employers to band together to offer plans and raises the RMD age. Another provision eases use of annuities in 401(k)s, which critics say goes too far
Here are the independent broker-dealers that brought in the most annuity revenue last year.