Alden Investment Group
Clearing firm: Charles Schwab, Fidelity Clearing and Custody Solutions, Raymond James & Associates Inc., RBC Correspondent Services, TD Ameritrade, Other
No. advisers: 53
No. franchises: 3
AUM: $350,000,000
Year founded: 1995
Year end: Dec 31
No. of retail offices: 6
Recruitment & Staffing
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| No. of reps | 65 | 53 | 45 |
| No. of reps, male | — | — | — |
| No. of reps, female | — | — | — |
| No. of producing reps | 60 | 50 | 44 |
| No. of producing reps, male | — | — | — |
| No. of producing reps, female | — | — | — |
| No. of reps producing $100K-$499K /year | 45 | 39 | 35 |
| No. of reps producing $500K+ /year | 7 | 5 | 5 |
| No. of CFPs | 5 | 4 | 4 |
| No. of full-time employees | 8 | 3 | 3 |
| No. of fee-based advisers served | 30 | 18 | 15 |
| Average payout per rep, per year | 0 | 0 | — |
| Avg. annual production of top 20% reps | 0 | 0 | — |
| Total payout, per year | 0 | 0 | — |
| Cost of E&O insurance per rep, per year | 3000 | 500 | $1000 |
| Affiliation fees charged per rep, per year | 2000 | 4000 | $4000 |
| Affiliation fee coverage | This fee will cover the following items: • Primary state registration fees (additional state fees are passed to you at cost) • Named E&O insurance for your broker-dealer business. Please note this does not cover any non-broker-dealer business. • Email compliance, electronic file storage compliance and sales literature/marketing compliance • Marketing of your business via the Alden website • Alden’s annual compliance audit and Firm Element compliance program | State registration by FINRA and SEC, Annual compliance program, email retention, E&O insurance, firm-level marketing | Compliance Program, E-mail Review, Annual Compliance Audit, E-mail and Cloud Storage, 1 State Registration |
| $0-$249,999 | $250K-$499,999 | $500K-$749,999 | $750K-$999,999 | $1,000,000+ | |
|---|---|---|---|---|---|
| Mutual funds | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 91%-95% |
| Insurance | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 91%-95% |
| Variable annuities | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 91%-95% |
| Limited parterships | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 86%-90% |
| Securities | 81%-85% | 81%-85% | 86%-90% | 86%-90% | 91%-95% |
| Required minimum production | $50,000 | ||||
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total revenues | $5,348,524 | $3,589,968 | $1,694,232 |
| Commission revenues | $510,884 | $382,518 | $396,277 |
| 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 | $691 | $115,996 | $43,692 |
| Fee revenues: Rep-managed accounts | — | — | — |
| Fee revenues: Firm-managed accounts | — | — | — |
| Fee revenues: Outside-managed accounts | — | — | — |
| Fee revenues: Other | — | — | — |
| Total revenues: Other | $4,643,315 | $3,082,844 | $1,519,867 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total account assets | $550,000,000 | $350,000,000 | $174,999,997 |
| Fee-based assets | $550,000,000 | $350,000,000 | — |
| Fee-based assets: Clearing firm | — | — | — |
| Fee-based assets: Advisory firm platforms | — | — | — |
| Fee-based assets: Third-party money managers | — | — | — |
| Fee-based assets: Other | — | — | — |
| Total account assets: Other | 0 | 0 | — |
| Average assets per rep | $8,461,538 | $6,603,774 | $3,888,889 |
| Social Media & Mobile | |||
| Software Offered | |||
| Account aggregation software | Advent Custodial Data (Advent Software Inc.) Raymond James AdvisorAccess / MoneyGuidePro |
||
| Compliance software | — | ||
| CRM | Microsoft Dynamics CRM (Microsoft Corp., includes Tamarac's Advisor CRM and Salentica's CRM) Salesforce CRM (Salesforce.com) Zoho |
||
| Document management | Raymond James AdvisorAccess / Docusign | ||
| Financial planning | MoneyGuidePro (PIEtech Inc.) | ||
| Portfolio management | Black Diamond (Advent Software Inc.) Morningstar Office (Morningstar Inc.) PortfolioCenter (Schwab Performance Technologies) Raymond James AdvisorAccess |
||
| Portfolio rebalancing | Schwab Portfolio Rebalancer (Schwab Advisor Services) Raymond James AdvisorAccess / Interactive Brokers Trader Workstation |
||
| Robo-advice | |||
| Offers robo-advisory platform? | Y | ||
| If not, when plans to offer a robo-platform | — | ||
| Robo-advice services offered | — | ||
| How robo-platform developed | Purchased an off-the-shelf third-party platform | ||
| Charge for robo-advisory services? | N | ||
- 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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