Recruitment & Staffing
|No. of reps||2,866||3,071||2,693|
|No. of producing reps||2,398||2,586||2,488|
|No. of reps producing $100K-$499K /year||0||0||0|
|Total revenues: Other||$102,861,672||$81,413,450||$68,019,071|
|Total account assets||$80,744,232,432||$90,354,186,474||$81,300,338,725|
|Total account assets: Other||$58,178,638,727||$64,880,233,601||$59,135,387,594|
|Average assets per rep||$28,173,145||$29,421,747||$30,189,506|
May 18, 2019 - Firm Total D-C assets â€¨overseen by network advisers ($B) Number â€¨of D-C â€¨advisers* Primary â€¨contact Business â€¨model Captrust** $256 102 Rick Shoff Managing director Raleigh, N.C. (215) 499-3361 firstname.lastname@example.org Acquisition RIA: Captrust...
May 14, 2019 - A few years ago, the independent broker-dealer industry was supposed to be in its death throes. Margins were in sharp decline. Costs from technology and regulation, in particular the Department of Labor's dreaded fiduciary rule, were eroding profits....
May 9, 2019 - SB Wealth, a hybrid adviser managing $200 million in assets in San Clemente, Calif., has affiliated with SA Stone, which is based in Birmingham, Ala. (More: See more adviser moves in InvestmentNews' Adviser on the Move database.) The hybrid will use SA...
April 24, 2019 - Firm 2018 revenue ($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...
February 28, 2019 - As it deals with turnover at the top of its management ranks, Cetera Financial Group is on pace to recruit advisers with $5 billion in client assets over the first two months of the year, according to senior Cetera executives. Cetera Financial's recruiting...
February 20, 2019 - Robert Moore's resignation from Cetera Financial Group likely signals other changes to come at the giant broker-dealer network, according to advisers and industry observers. Those could range from the firm's owner, Genstar Capital, winnowing the ranks...
February 14, 2019 - Carson Wealth Management, one of the most recognizable names in the financial advisory business, is being sued by a former client for $500,000 for charging fees the client claims were excessive. The arbitration claim, which was filed on Dec. 24, came...
January 7, 2019 - Carson Wealth has picked up a team of four financial advisers from Wells Fargo Advisors in Des Moines, Iowa. Led by 30-year brokerage veteran Joel Worsfold, the team moved on Friday, according to Mr. Worsfold's BrokerCheck report. Ron Carson, Carson Wealth's...
December 20, 2018 - Cetera Advisor Networks must pay nearly $1.4 million in fines and restitution in relation to the short-term mutual fund purchases of a former broker, who'd received sales awards from the broker-dealer for two consecutive years. The Financial Industry...
December 12, 2018 - Cetera announced its loss of an $185 million firm to LPL Financial the same day it gained a $180 million husband-wife team from Ameriprise. Cetera Advisor Networks lost John Marshall & Associates Investment Center to LPL Financial's broker-dealer and...
- 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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