Recruitment & Staffing
|No. of reps||—||—||556|
|No. of producing reps||—||—||537|
|No. of reps producing $100K-$499K /year||—||—||244|
|Total revenues: Other||—||—||$12,027,000|
|Total account assets||—||—||$20,601,654,000|
|Total account assets: Other||—||—||$14,078,449,000|
|Average assets per rep||—||—||$37,053,335|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||N|
|Primary purpose of mobile application||—|
November 21, 2018 - A former New Jersey broker was sentenced to eight-and-half years in prison Tuesday by a federal judge for perpetrating a long-running scheme to defraud clients out of millions of dollars, forging an attorney's signature without authorization in connection...
September 7, 2018 - Massachusetts Secretary of the Commonwealth William Galvin banged away Friday on another independent broker-dealer for sales of nontraded real estate investment trusts, this time ordering SII Investments Inc. to pay money back to clients who bought the...
July 25, 2018 - The Financial Industry Regulatory Authority Inc. has censured four broker-dealers of Advisor Group and four National Planning B-Ds for poor supervision of variable annuity exchanges, fining them a total of almost $2.7 million. The individual broker-dealers...
April 17, 2018 - The Securities and Exchange Commission has barred Scott Newsholme, an unregistered investment adviser, after he pleaded guilty last week in federal court to wire fraud, aggravated identity theft and aiding and abetting preparation of false tax returns....
April 9, 2018 - Griffin Financial, a hybrid advisory firm managing $120 million in assets, has switched its broker-dealer and advisory affiliations from SII Investments to Kestra Financial. Griffin is based in Austin, Texas, and is led by Kitt Griffin and Steven Livitz....
February 26, 2018 - LPL Financial said Monday it had wrapped up its acquisition of advisers from National Planning Holdings, but declined to say whether it had reached its goal of moving over 70% of the revenue generated by the network's advisers. Last August, LPL announced...
January 2, 2018 - Scarborough Capital Management, a hybrid firm that manages $875 million, has switched its broker-dealer affiliation from SII Investments to Independent Financial Group. SII is one of four firms that made up the National Planning Holdings network, which...
- 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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