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.|
November 12, 2019 - The 4,400 financial advisers working for Ladenburg Thalmann Financial Services Inc., soon to be bought by the Advisor Group, are not likely to see retention bonuses in their immediate future,. Advisor Group said Monday night that it was buying Ladenburg...
October 16, 2019 - Cambridge Investment Research Inc. has reeled in a large group of advisers, the Nettuno Group, that was formerly registered with FSC Securities Corp., one of the broker-dealers in the Advisor Group network. The Nettuno Group, which is based in Milton,...
October 3, 2019 - LPL Financial is starting the final quarter of the year with a recruiting bang, having recently snagging three teams with close to $1.5 billion in client assets from rival Advisor Group broker-dealers. Earlier this week, Financial Solutions Group of Alexandria,...
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....
- 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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