Trustmont Financial Group Inc.
Clearing firm: RBC Correspondent Services, TD Ameritrade
No. advisers: 91
AUM: $1,909,300,000
Year founded: 1986
Year end: Dec. 31
No. of retail offices: 46
Recruitment & Staffing
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| No. of reps | 88 | 91 | 90 |
| No. of reps, male | — | — | — |
| No. of reps, female | — | — | — |
| No. of producing reps | 85 | 86 | 84 |
| No. of producing reps, male | — | — | — |
| No. of producing reps, female | — | — | — |
| No. of reps producing $100K-$499K /year | 34 | 36 | 36 |
| No. of reps producing $500K+ /year | 5 | 5 | 3 |
| No. of CFPs | 35 | 36 | 36 |
| No. of full-time employees | 10 | 10 | 10 |
| No. of fee-based advisers served | 49 | 78 | 78 |
| Average payout per rep, per year | $144,000 | $132,000 | $122,000 |
| Avg. annual production of top 20% reps | $419,800 | $382,000 | $333,000 |
| Total payout, per year | 0 | 0 | 0 |
| Cost of E&O insurance per rep, per year | 3000 | 3000 | 3000 |
| Affiliation fees charged per rep, per year | 4250 | 800 | 800 |
| Affiliation fee coverage | E&O, email access, Fidelity Bond, Surety Bond,etc. | Prorated fidelity bond, surety bond, MSRB fee, etc. | prorated costs of fidelity bond, surety bond, email archiving, etc. |
| $0-$249,999 | $250K-$499,999 | $500K-$749,999 | $750K-$999,999 | $1,000,000+ | |
|---|---|---|---|---|---|
| Mutual funds | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Insurance | 91%-95% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Variable annuities | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Limited parterships | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Securities | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total revenues | 0 | 0 | 0 |
| Commission revenues | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 |
| Fee revenues: Rep-managed accounts | — | — | — |
| Fee revenues: Firm-managed accounts | — | — | — |
| Fee revenues: Outside-managed accounts | — | — | — |
| Fee revenues: Other | — | — | — |
| Total revenues: Other | 0 | 0 | 0 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total account assets | $2,084,200,000 | $1,909,300,000 | $1,987,200,000 |
| Fee-based assets | $675,900,000 | $621,400,000 | $553,300,000 |
| Fee-based assets: Clearing firm | — | — | — |
| Fee-based assets: Advisory firm platforms | $649,900,000 | $597,900,000 | $528,300,000 |
| Fee-based assets: Third-party money managers | $26,000,000 | $23,500,000 | $28,000,000 |
| Fee-based assets: Other | — | — | — |
| Total account assets: Other | $1,408,300,000 | $1,287,900,000 | $1,430,900,000 |
| Average assets per rep | $23,684,091 | $20,981,319 | $22,080,000 |
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | |||
| Dedicated mobile application for advisers? | N | ||
| Primary purpose of mobile application | — | ||
| Software Offered | |||
| Account aggregation software | ByAllAccounts Inc. Portfolio Pathway |
||
| Compliance software | erado (erado) Jaccomo |
||
| CRM | — | ||
| Document management | — | ||
| Financial planning | — | ||
| Portfolio management | Portfolio Pathway | ||
| Portfolio rebalancing | iRebal, the Intelligent Rebalancer (ThinkTech Inc.) | ||
| Robo-advice | |||
| Offers robo-advisory platform? | N | ||
| If not, when plans to offer a robo-platform | We do not plan on offering robo-advisory services | ||
| Robo-advice services offered | — | ||
| How robo-platform developed | — | ||
| Charge for robo-advisory services? | — | ||
- 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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