CFD Investments Inc.
CFD Investments Inc.
Clearing firm: National Financial Services LLC
No. advisers: 162
No. franchises: 1
Year founded: 1990
Year end: Dec. 31
No. of retail offices: 138
For More Information
| CEO | Brent A. Owens | |
| Top Executive | Brent A. Owens | |
| Recruiting Contact | Brent A. Owens (800) 745-7776 ext. 3006 | |
| Compliance Contact | Matthew O. Bahrenburg (765) 453-9600 Ext. 3030 | |
| Marketing Contact | Rob Floyd (800)745-7776 Ext. 3036 | |
| Technology Operations Contact | Gerry Good (765) 453-9600 Ext. 3031 | |
Recruitment & Staffing
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| No. of reps | 150 | 162 | 201 |
| No. of reps, male | — | — | 172 |
| No. of reps, female | — | — | 29 |
| No. of producing reps | 138 | 152 | 173 |
| No. of producing reps, male | — | — | 154 |
| No. of producing reps, female | — | — | 15 |
| No. of reps producing $100K-$499K /year | 49 | 59 | 75 |
| No. of reps producing $500K+ /year | 15 | 15 | 12 |
| No. of CFPs | 0 | 0 | 26 |
| No. of full-time employees | 52 | 54 | 47 |
| No. of fee-based advisers served | 90 | 99 | 162 |
| Average payout per rep, per year | $194,582 | $177,257 | $184,681 |
| Avg. annual production of top 20% reps | $582,743 | $356,687 | $486,100 |
| Total payout, per year | $26,852,406 | $27,297,146 | $24,703,514 |
| Cost of E&O insurance per rep, per year | 2400 | $2,400 | — |
| Affiliation fees charged per rep, per year | $0 to $700 | $0-$700 | — |
| Affiliation fee coverage | Renewal Fees | Renewal Fees | — |
| $0-$249,999 | $250K-$499,999 | $500K-$749,999 | $750K-$999,999 | $1,000,000+ | |
|---|---|---|---|---|---|
| Mutual funds | 75% to 90% | 90% | 91% | 91% | 92% |
| Insurance | 90% | 90% | 90% | 90% | 90% |
| Variable annuities | 75% to 90% | 90% | 91% | 91% | 92% |
| Limited parterships | 75% to 90% | 90% | 91% | 91% | 92% |
| Securities | 75% to 90% | 90% | 91% | 91% | 92% |
| Required minimum production | $25,000 | ||||
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total revenues | $32,081,905 | $32,298,668 | $31,198,973 |
| Commission revenues | $14,815,372 | $16,449,325 | $16,467,985 |
| Securities revenues | $522,737 | $614,891 | $348,207 |
| Securities revenues: Stocks | $522,737 | $614,891 | $272,818 |
| Securities revenues: Bonds | — | — | $75,389 |
| Securities revenues: ETFs | — | — | — |
| Securities revenues: Other | — | — | — |
| Mutual fund revenues | $4,135,025 | $4,541,524 | $4,842,061 |
| Annuities revenues | $9,787,176 | $10,477,369 | $10,641,793 |
| Annuities revenues: Fixed | $1,174,461 | $1,257,284 | $594,537 |
| Annuities revenues: Variable | $8,612,715 | $9,220,085 | $7,080,967 |
| Annuities revenues: Other | — | — | $2,966,289 |
| Insurance revenue | $336,619 | $470,812 | $391,866 |
| Insurance revenues: Life | $336,619 | $470,812 | $391,866 |
| Insurance revenues: Disabilities | — | — | — |
| Insurance revenues: LTC | — | — | — |
| Insurance revenues: Other | — | — | — |
| Alternative revenues | 0 | 0 | $244,058 |
| Alternative revenues: Hedge funds | — | — | — |
| Alternative revenues: Managed futures | — | — | — |
| Alternative revenues: Private placements | — | — | — |
| Alternative revenues: REITs | — | — | $244,058 |
| Alternative revenues: Other | — | — | — |
| Other commission revenues | $33,815 | $344,729 | — |
| Fee revenues | $14,462,864 | $13,665,422 | $12,685,490 |
| Fee revenues: Rep-managed accounts | $3,615,716 | $3,416,356 | $3,503,732 |
| Fee revenues: Firm-managed accounts | $9,400,862 | $8,882,524 | $6,752,486 |
| Fee revenues: Outside-managed accounts | $1,446,286 | $1,366,542 | $2,378,529 |
| Fee revenues: Other | — | — | $50,743 |
| Total revenues: Other | $2,803,670 | $2,183,860 | $2,045,498 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total account assets | $3,871,307,878 | $3,600,316,327 | $4,257,841,526 |
| Fee-based assets | $1,447,771,483 | $1,400,933,857 | $2,958,746,318 |
| Fee-based assets: Clearing firm | $941,051,464 | $910,607,007 | $1,893,746,318 |
| Fee-based assets: Advisory firm platforms | $361,942,871 | $350,233,464 | $900,000,000 |
| Fee-based assets: Third-party money managers | $144,777,148 | $140,093,386 | $165,000,000 |
| Fee-based assets: Other | — | — | — |
| Total account assets: Other | $2,423,536,395 | $2,199,382,470 | $1,299,095,208 |
| Average assets per rep | $25,808,719 | $22,224,175 | $21,183,291 |
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | Facebook | ||
| Dedicated mobile application for advisers? | N | ||
| Primary purpose of mobile application | — | ||
| Software Offered | |||
| Account aggregation software | Albridge Wealth Reporting (Albridge, an affiliate of Pershing) AllData Advisor (Morningstar) CashEdge (Fiserv) eMoney 360 (eMoney Advisor) |
||
| Compliance software | — | ||
| CRM | Ebix CRM Smartoffice (Ebix) Redtail CRM (Redtail Technology) Salesforce CRM (Salesforce.com) |
||
| Document management | Docupace ePacs (Docupace Technologies Inc.) Redtail Imaging (Redtail Technology) |
||
| Financial planning | eMoney360 (eMoney Advisor) Morningstar Advisor Workstation (Morningstar Inc.) |
||
| Portfolio management | Albridge Wealth Reporting (Albridge, and affiliate of Pershing) Black Diamond (Advent Software Inc.) |
||
| Portfolio rebalancing | — | ||
| Robo-advice | |||
| Offers robo-advisory platform? | N | ||
| If not, when plans to offer a robo-platform | We do not plan on offering robo-advisory services | ||
| Robo-advice services offered | — | ||
| How robo-platform developed | — | ||
| Charge for robo-advisory services? | — | ||
- 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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