Independent Financial Group LLC
12671 High Bluff Drive Suite 200
San Diego, CA 92130
Clearing firm: Pershing LLC
No. advisers: 620
No. franchises: 365
Year founded: 2003
Year end: Dec. 31
No. of retail offices: 358
For More Information
|CEO||Joe H. Miller, Scott Heising, David A. Fischer|
|Top Executive||Scott Heising|
|Recruiting Contact||David A. Fischer|
|Compliance Contact||Sarah Kreisman|
|Marketing Contact||David A. Fischer|
|Technology Operations Contact||Jenna Casselberry|
Recruitment & Staffing
|No. of reps||620||625||588|
|No. of producing reps||540||550||508|
|No. of reps producing $100K-$499K /year||256||220||212|
|Total revenues: Other||$11,173,500||$10,897,500||$10,018,600|
|Total account assets||$26,955,500,000||$18,727,243,900||$16,558,625,000|
|Total account assets: Other||$20,117,934,000||$13,080,021,900||$11,925,164,000|
|Average assets per rep||$43,476,613||$29,963,590||$28,160,927|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Access to client holdings and activity|
June 27, 2019 - The Financial Industry Regulatory Authority Inc. has suspended Jeffrey P. Schwebach, a former Independent Financial Group broker, for selling promissory notes without the permission of his firm and despite a firm prohibition of their sale. (More: Finra...
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
April 21, 2018 - Firm 2017 % revenue ($M) % change vs. 2016 2017 commission revenue ($M) % change vs. 2016 2017 fee revenue ($M) % change vs. 2016 2017 other revenue ($M) % change vs. 2016 1 LPL Financial $4,281.50 5.70% $1,670.80 -3.80% $1,409.20 9.30% $1,201.40 17.50%...
January 2, 2018 - Scarborough Capital Management, a hybrid firm that manages $875 million, has switched its broker-dealer affiliation from SII Investments to Independent Financial Group. SII is one of four firms that made up the National Planning Holdings network, which...
November 2, 2017 - Five former top advisers at National Planning Holdings, which was acquired by LPL in August, have left the firm and formed F3Logic, a registered investment adviser. The Columbus, Ohio-based RIA provides middle- and back- office solutions to hybrid independent...
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
October 25, 2016 - Wells Fargo & Co. is clawing back more than $1 million from a broker who claimed wrongful termination, according to the Financial Industry Regulatory Authority Inc. Eric Zakarin must pay Wells Fargo $1.14 million in damages for breaching a promissory...
- 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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