SagePoint Financial Inc.
A subsidiary of Advisor Group
20 E THOMAS RD Suite 2000
Phoenix, AZ 85012
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 2,365
Year founded: 1970
Year end: Dec. 31
No. of retail offices: 827
Recruitment & Staffing
|No. of reps||2,365||2,344||2,323|
|No. of producing reps||1,401||1,397||1,382|
|No. of reps producing $100K-$499K /year||635||578||580|
|Total revenues: Other||$77,331,368||$62,282,706||$34,816,000|
|Total account assets||$44,990,415,961||$45,705,419,397||$39,072,712,432|
|Total account assets: Other||$30,547,908,520||$32,174,995,273||$28,279,037,094|
|Average assets per rep||$19,023,432||$19,498,899||$16,819,936|
|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.|
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 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...
May 7, 2019 - Individuals are starting to file arbitration claims against broker-dealers that sold private placements packaged by GPB Capital, which raised $1.5 billion from investors and is under investigation by state and federal authorities. GPB is facing a variety...
April 24, 2019 - Firm 2018 revenue ($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 23, 2019 - Centerbridge Partners is in talks to buy independent broker-dealer Advisor Group Inc. for more than $2 billion, according to people familiar with the matter. The private equity firm could reach a deal as soon as this week to acquire Advisor Group, said...
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...
- 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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