Recruitment & Staffing
|No. of reps||1,612||2,876||2,782|
|No. of producing reps||—||1,580||1,505|
|No. of reps producing $100K-$499K /year||—||635||627|
|Total revenues: Other||$82,283,833||$49,524,000||$37,634,000|
|Total account assets||$66,590,310,633||$60,798,064,568||$57,020,800,000|
|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 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.|
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...
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...
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...
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...
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...
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,...
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,...
- 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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