Cambridge Investment Research Inc.
1776 Pleasant Plain Road
Fairfield, IA 52556
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 4,155
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||$113,636,706||$91,779,037||$82,086,994|
|Total account assets||$93,145,839,675||$94,244,000,000||$78,508,000,000|
|Total account assets: Other||$42,524,461,434||$43,480,000,000||$36,977,000,000|
|Average assets per rep||$22,417,771||$23,823,054||$21,002,675|
|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||—|
May 22, 2019 - LPL Financial, which has grown into one of the largest brokerage firms in the country by hiring advisers who act as independent contractors, is creating a new model which would employ brokers working directly for the firm. In a presentation to investors...
May 3, 2019 - As our members know, the Financial Services Institute is firmly committed to championing the cause of helping more female professionals not only enter, but achieve lasting success within the financial advice industry. The formation of the House Financial...
May 1, 2019 - An elderly couple in upstate New York won a $3.2 million Finra arbitration award against AXA Advisors in a case involving unsuitable variable annuity and life insurance sales. James and Sandra Fitzpatrick alleged that their then-AXA representative, Francesco...
April 24, 2019 - Meliora Wealth Management and Allied Financial Partners, which manage $200 million in Rochester, N.Y., have switched affiliation from Cambridge Investment Research to Securities America. Meliroa's and Allied's six advisers will be supervised by Evolution...
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
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...
- 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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