Independent Financial Group LLC
12671 High Bluff Drive Suite 200
San Diego, CA 92130
Clearing firm: Pershing LLC
No. advisers: 615
No. franchises: 365
Year founded: 2003
Year end: Dec. 31
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||615||625||588|
|No. of producing reps||—||550||508|
|No. of reps producing $100K-$499K /year||—||220||212|
|Total revenues: Other||$10,897,500||$10,018,600||$10,008,200|
|Total account assets||$18,727,243,900||$16,558,625,000||$15,439,700,000|
|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 media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Access to client holdings and activity|
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...
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...
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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
Editorial director Fred Gabriel and senior columnist Jeff Benjamin say there's a disconnect between the big appetite for environmental, social and governance funds in 401(k) plans and their offering.
Latest news & opinion
Blucora is paying $180 million in stock for 1st Global, with 850 advisers.
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, four stopped so far.
Acquisition would be in line with trend of record keepers seeking to gain scale to combat fee reduction.
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, 4 stopped so far.
There's growing interest among plan participants, but reluctance to add funds that take into account environmental, social and governance factors persists.