Recruitment & Staffing
|No. of reps||1,936||1,739||1,220|
|No. of producing reps||1,104||1,024||1,075|
|No. of reps producing $100K-$499K /year||538||565||599|
|Total revenues: Other||$44,557,295||$25,333,000||$21,065,000|
|Total account assets||$38,561,709,597||$31,692,005,811||$29,636,300,000|
|Total account assets: Other||$29,896,190,659||$25,214,326,855||$24,567,234,276|
|Average assets per rep||$19,918,238||$18,224,270||$24,292,049|
|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.|
December 7, 2018 - Broker-dealer M&A activity continues as 2018 draws to a close, with Wentworth Management Services on Friday announcing its acquisition of World Equity Group, a midsized independent broker-dealer outside Chicago with close to 180 brokers and nearly $40...
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...
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 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...
August 8, 2018 - Life Wealth Principles, which oversees $312 million in assets in Golden, Colo., and National Financial Advisors, which oversees $66 million in assets in Denver, have affiliated with Woodbury Financial Services. Life Wealth Principles, headed by Mitch...
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,...
June 26, 2018 - A Financial Industry Regulatory Authority Inc. arbitration panel has ruled that Woodbury Financial Services must pay $970,107.21 in compensatory damages and $121,468 in interest to two clients as a result of the firm's failure to supervise a former broker....
April 10, 2018 - Yet another broker-dealer is taking a stab at working with bank brokers, as Woodbury Financial Services on Tuesday said it had acquired $10 billion in brokerage and advisory assets from Capital One Financial Corp. The deal, terms of which were not disclosed,...
April 10, 2018 - Woodbury Financial Services, part of the Advisor Group, is buying Capital One Investing's $10 billion investment management and brokerage division. Capital One's advisers will join Woodbury's roster of affiliated independent advisers and get access to...
- 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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