Royal Alliance Associates Inc.

Royal Alliance Associates Inc.

A subsidiary of Advisor Group

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10 Exchange Place, Suite 1410

Jersey City, NJ 07302

(800) 821-5100

royalalliance.com

Clearing firm: National Financial Services LLC, Pershing LLC

No. advisers: 1,612

Year founded: 1989

Year end: Dec. 31

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEODmitry Goldin
Recruiting ContactAl Grilli
212-551-5650
E-mail
Compliance ContactMary Simonson
800-552-3319
E-mail
Marketing ContactSusan Theder
E-mail
Technology Operations ContactEd Obuchowski
602-262-3304
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps1,6122,8762,782
No. of producing reps1,5801,505
No. of reps producing $100K-$499K /year635627

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$483,859,884$466,839,000$461,218,000
Commission revenues$196,363,033$185,766,000$212,609,000
Fee revenues$205,213,018$231,549,000$210,975,000
Total revenues: Other$82,283,833$49,524,000$37,634,000
2017 2016 2015
Total account assets$66,590,310,633$60,798,064,568$57,020,800,000
Fee-based assets$27,151,521,219$26,485,888,640$21,881,231,368
Total account assets: Other$39,438,789,414$34,312,175,928$35,139,568,632
Average assets per rep$23,153,794$21,854,085$30,822,054
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationClient and contact management. Also have mobile solution for account opening and VA straight through processing.

Royal Alliance charged with failure to supervise variable annuity sales

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,...

Widow awarded $4.2 million by Finra panel for theft by ex-Royal Alliance broker

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...

Allianz dumps its IBD

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...

Top private placement manager GPB to restate financial statements of certain funds

August 24, 2018 - GPB Capital Holdings will overhaul and restate the 2015 and 2016 financial statements of certain funds as part of its accounting review, according to letters sent to broker-dealers. Last week, InvestmentNews reported that GPB Capital Holdings, a leading...

What's in a name? For TCA by ETrade, everything

August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...

Top private placement manager GPB Capital halts sales to review accounting

August 17, 2018 - A leading seller of high-risk, high-commission private placements, GPB Capital Holdings, with $1.8 billion in investor money, will take a break from raising new money to focus on straightening out the accounting and financial statements of its two large...

Investors wait for financial statements from leading seller of alternative investments

July 11, 2018 - One of the current leading sellers of illiquid, high-commission alternative investments through independent broker-dealers, GPB Capital Holdings, has yet to file financial statements with the Securities and Exchange Commission for two of its largest funds,...

Former Royal Alliance broker arrested, charged with fraud

May 24, 2018 - A former Royal Alliance broker could face up to 20 years in prison for allegedly stealing more than $4 million over several years from four elderly clients. Gary Basralian, a Springfield, N.J.-based broker who resigned from Royal Alliance in December,...

    Notes
  • 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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