Alden Investment Group

Alden Investment Group


261 Old York Rd.

Jenkintown, PA 19046

(215) 572-8700

Clearing firm: Charles Schwab, Fidelity Clearing and Custody Solutions, Raymond James & Associates Inc., RBC Correspondent Services, TD Ameritrade, Other

No. advisers: 53

No. franchises: 3

AUM: $350,000,000

Year founded: 1995

Year end: Dec 31

No. of retail offices: 4

For More Information

CEOLee Calfo
Top ExecutivePeter Engelbach
Recruiting ContactJohn Mulqueen
(215) 572-8700
Compliance ContactKen Smith
(215) 572-8700
Marketing ContactJohn Mulqueen
(215) 572-8700
Technology Operations ContactJohn Mulqueen
(215) 572-8700

Recruitment & Staffing

2019 2018 2017
No. of reps534529
No. of reps, male
No. of reps, female
No. of producing reps504428
No. of producing reps, male
No. of producing reps, female
No. of reps producing $100K-$499K /year393521
No. of reps producing $500K+ /year553
No. of CFPs441
No. of full-time employees331
No. of fee-based advisers served181510
Average payout per rep, per year0$1
Avg. annual production of top 20% reps0$1
Total payout, per year0$1
Cost of E&O insurance per rep, per year500$1000
Affiliation fees charged per rep, per year4000$4000
Affiliation fee coverageState registration by FINRA and SEC, Annual compliance program, email retention, E&O insurance, firm-level marketingCompliance Program, E-mail Review, Annual Compliance Audit, E-mail and Cloud Storage, 1 State Registration
$0-$249,999 $250K-$499,999 $500K-$749,999 $750K-$999,999 $1,000,000+
Mutual funds 76%-80% 81%-85% 86%-90% 86%-90% 86%-90%
Insurance 76%-80% 81%-85% 86%-90% 86%-90% 86%-90%
Variable annuities 76%-80% 81%-85% 86%-90% 86%-90% 86%-90%
Limited parterships 76%-80% 81%-85% 86%-90% 86%-90% 86%-90%
Securities 76%-80% 81%-85% 86%-90% 86%-90% 86%-90%
Required minimum production$25,000
2019 2018 2017
Total revenues$3,589,968$1,694,232$1,663,424
Commission revenues$382,518$396,277$1,207,433
Securities revenues
Securities revenues: Stocks
Securities revenues: Bonds
Securities revenues: ETFs
Securities revenues: Other
Mutual fund revenues
Annuities revenues
Annuities revenues: Fixed
Annuities revenues: Variable
Annuities revenues: Other
Insurance revenue
Insurance revenues: Life
Insurance revenues: Disabilities
Insurance revenues: LTC
Insurance revenues: Other
Alternative revenues
Alternative revenues: Hedge funds
Alternative revenues: Managed futures
Alternative revenues: Private placements
Alternative revenues: REITs
Alternative revenues: Other
Other commission revenues
Fee revenues$115,996$43,692$1
Fee revenues: Rep-managed accounts
Fee revenues: Firm-managed accounts
Fee revenues: Outside-managed accounts
Fee revenues: Other
Total revenues: Other$3,082,844$1,519,8670
2019 2018 2017
Total account assets$350,000,000$174,999,997$39,000,000
Fee-based assets$350,000,000$1
Fee-based assets: Clearing firm
Fee-based assets: Advisory firm platforms
Fee-based assets: Third-party money managers
Fee-based assets: Other
Total account assets: Other00
Average assets per rep$6,603,774$3,888,889$1,344,828

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Social Media & Mobile
Software Offered
Account aggregation software Advent Custodial Data (Advent Software Inc.)
Raymond James AdvisorAccess / MoneyGuidePro
Compliance software
CRM Microsoft Dynamics CRM (Microsoft Corp., includes Tamarac's Advisor CRM and Salentica's CRM)
Salesforce CRM (
Document management Raymond James AdvisorAccess / Docusign
Financial planning MoneyGuidePro (PIEtech Inc.)
Portfolio management Black Diamond (Advent Software Inc.)
Morningstar Office (Morningstar Inc.)
PortfolioCenter (Schwab Performance Technologies)
Raymond James AdvisorAccess
Portfolio rebalancing Schwab Portfolio Rebalancer (Schwab Advisor Services)
Raymond James AdvisorAccess / Interactive Brokers Trader Workstation
Offers robo-advisory platform?Y
If not, when plans to offer a robo-platform
Robo-advice services offered
How robo-platform developedPurchased an off-the-shelf third-party platform
Charge for robo-advisory services?N
  • 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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