Independent Financial Group LLC

Independent Financial Group LLC


12671 High Bluff Drive Suite 200

San Diego, CA 92130

(858) 436-3180

Clearing firm: Pershing LLC

No. advisers: 625

No. franchises: 375

AUM: $18,727,243,900

Year founded: 2003

Year end: Dec. 31

No. of retail offices: 375

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • 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: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOJoe H. Miller, Scott Heising, David A. Fischer
Top ExecutiveScott Heising
Recruiting ContactDavid A. Fischer
(800) 269-1903
Compliance ContactMona Myers
(800) 269-1903

Sarah Kreisman
(800) 269-1903
Marketing ContactDavid A. Fischer
(800) 269-1903
Technology Operations ContactJenna Casselberry
(800) 269-1903

Recruitment & Staffing

2017 2016 2015
No. of reps625588600
No. of producing reps550508508
No. of reps producing $100K-$499K /year220212225

Payout grid is available to Data Center subscribers only.

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2017 2016 2015
Total revenues$139,275,200$122,878,000$124,403,000
Commission revenues$77,317,000$70,903,100$76,371,800
Fee revenues$51,060,700$41,956,300$38,023,000
Total revenues: Other$10,897,500$10,018,600$10,008,200
2017 2016 2015
Total account assets$18,727,243,900$16,558,625,000$15,439,700,000
Fee-based assets$5,647,222,000$4,633,461,000$3,370,960,000
Total account assets: Other$13,080,021,900$11,925,164,000$12,068,740,000
Average assets per rep$29,963,590$28,160,927$25,732,833
Social Media & Mobile
Allows advisers to use social mediaY
Social media sites allowedFacebook
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationAccess to client holdings and activity

Independent Financial Group snags $875 million hybrid team

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...

LPL sheds $1 billion in assets as NPH 'refugees' form RIA

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...

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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...

Top independent broker-dealers reveal their payout tables

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Wells Fargo claws back more than $1 million from broker claiming wrongful termination, Finra says

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...

Finra bars former Independent Financial Group broker for failing to disclose trading accounts

August 3, 2016 - Brian James Egan was barred from the brokerage industry after failing to disclose trading accounts he held beyond his employer, Independent Financial Group, according to the Financial Industry Regulatory Authority Inc. Mr. Egan didn't disclose 87 brokerage...

  • 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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