David A. Noyes & Company

David A. Noyes & Company

A subsidiary of Noyes Group, LLC


250 West 96th Street #300

Indianapolis, IN 46260

(317) 634-6563


Year founded: 1908

Year end: Dec. 31

For More Information

CEOJim Dickson
Recruiting ContactMatthew Reynolds
Compliance ContactJohn Swhear
Marketing ContactDavid Shane
Technology Operations ContactChris Aivaliotis
(312) 606-4654

Recruitment & Staffing

2019 2018 2017
No. of reps8186
No. of reps, male59
No. of reps, female27
No. of producing reps61
No. of producing reps, male49
No. of producing reps, female12
No. of reps producing $100K-$499K /year32
No. of reps producing $500K+ /year14
No. of CFPs10
No. of full-time employees36
No. of fee-based advisers served55
Average payout per rep, per year$280,000
Avg. annual production of top 20% reps$1,370,890
Total payout, per year$17,000,000
Cost of E&O insurance per rep, per year
Affiliation fees charged per rep, per year
Affiliation fee coverage
2019 2018 2017
Total revenues$28,554,000
Commission revenues$11,400,000
Securities revenues$3,660,000
Securities revenues: Stocks$2,600,000
Securities revenues: Bonds$460,000
Securities revenues: ETFs0
Securities revenues: Other$600,000
Mutual fund revenues$2,040,000
Annuities revenues0
Annuities revenues: Fixed0
Annuities revenues: Variable0
Annuities revenues: Other0
Insurance revenue$2,400,000
Insurance revenues: Life0
Insurance revenues: Disabilities0
Insurance revenues: LTC0
Insurance revenues: Other0
Alternative revenues$1,570,000
Alternative revenues: Hedge funds0
Alternative revenues: Managed futures0
Alternative revenues: Private placements0
Alternative revenues: REITs0
Alternative revenues: Other0
Other commission revenues$1,730,000
Fee revenues$12,300,000
Fee revenues: Rep-managed accounts
Fee revenues: Firm-managed accounts
Fee revenues: Outside-managed accounts
Fee revenues: Other
Total revenues: Other$4,854,000
2019 2018 2017
Total account assets$4,200,000,000
Fee-based assets$2,000,000,000
Fee-based assets: Clearing firm$2,000,000,000
Fee-based assets: Advisory firm platforms0
Fee-based assets: Third-party money managers0
Fee-based assets: Other
Total account assets: Other$2,200,000,000
Average assets per rep$48,837,209
  • 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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