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||—|
August 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...
July 20, 2019 - Brock Johnson, president, global retirement and workplace solutions, â€¨Morningstar Investment Management â€œWe have so much more data today. Broker-dealers and advisers in the past might have been trying to provide scalable advice in a way, saying, here's...
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 $3.2 million Finra arbitration award against AXA Advisors in a case involving unsuitable variable annuity and life insurance sales. James and Sandra Fitzpatrick alleged that their then-AXA representative, Francesco...
April 24, 2019 - Firm 2018 revenue ($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...
- 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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