Cambridge Investment Research Inc.
1776 Pleasant Plain Road
Fairfield, IA 52556
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 4,059
No. franchises: 2,261
Year founded: 1981
Year end: Dec. 31
No. of retail offices: 2,290
Recruitment & Staffing
|No. of reps||4,155||3,956||3,738|
|No. of producing reps||3,296||3,175||3,005|
|No. of reps producing $100K-$499K /year||1,462||1,369||1,290|
|Total revenues: Other||$91,779,037||$82,086,994||$81,159,448|
|Total account assets||$94,244,000,000||$78,508,000,000||$69,560,000,000|
|Total account assets: Other||$43,480,000,000||$36,977,000,000||$31,685,000,000|
|Average assets per rep||$23,823,054||$21,002,675||$19,902,718|
|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||—|
April 20, 2019 - Despite a stock market decline, the largest independent broker-dealers turned in another stellar year in 2018, with revenue for the top 25 firms participating in an InvestmentNews survey reaching $25.5 billion, a 14.7% increase over 2017. The 2018 increase...
March 30, 2019 - InvestmentNews'â€‹ new series on advisers' succession planning experiences has been well received by business owners struggling with the process â€” or even getting motivated to start the process. Last week's profile brought home the importance of early...
March 11, 2019 - The Securities and Exchange Commission announced Monday that 79 investment firms agreed to return $125 million to clients to whom they had sold inappropriate high-fee mutual funds. The restitution, most of which went to retail investors, is the result...
January 26, 2019 - After working for more than 25 years in the securities industry, first as a broker and then as a hybrid adviser, Nathan Bachrach dropped his Financial Industry Regulatory Authority Inc. registration in 2012 and became a fee-only adviser. Mr. Bachrach...
November 13, 2018 - Commonwealth Financial Network, already a major independent broker-dealer, intends to broaden its business by setting up a parallel business for registered investment advisers. Commonwealth has already seen at least 75 of its 1,800 reps shift their business...
October 24, 2018 - Brennan Asset Management Group, a hybrid with $300 million of client assets across brokerage, advisory and retirement plan accounts, is leaving Cetera Financial Group for LPL Financial. The firm was founded in 1986 by Bob Brennan, a former professional...
October 18, 2018 - LPL Financial said on Thursday that a large, 14-person team in Cedar Rapids, Iowa, with $520 million in client assets recently left Cambridge Investment Research Inc. to join LPL. Premier Investments of Iowa is led by Jeff Johnston, president, and Brock...
October 16, 2018 - Janney has landed a four-member team from Wells Fargo Advisors. The team, which has more than 50 years in combined industry experience, managed over $239 million in client assets. Called KSF Wealth of Janney Montgomery Scott, the team of advisers joins...
- 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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