NEXT Financial Group, Inc.
A subsidiary of Atria Wealth Solutions, Inc.
Clearing firm: Pershing LLC, TD Ameritrade
No. advisers: 445
No. franchises: 361
Year founded: 1999
Year end: Dec. 31
Recruitment & Staffing
| 2019 | 2018 | 2017 | |
|---|---|---|---|
| No. of reps | 445 | 509 | 539 |
| No. of reps, male | — | — | — |
| No. of reps, female | — | — | — |
| No. of producing reps | — | — | — |
| No. of producing reps, male | — | — | — |
| No. of producing reps, female | — | — | — |
| No. of reps producing $100K-$499K /year | — | — | — |
| 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 | 3275 | 3400 | 3160 |
| Affiliation fees charged per rep, per year | 1776 | 1776 | 1776 |
| Affiliation fee coverage | SunGard, RegEd, Fidelity Bond, PSA Compliance Science, Email Services, Laser App, DocuSign, Imaging, Compliance and Advertising Review | SunGard, RegEd, Fidelity Bond, PSA Compliance Science, Email Services, LaserApp, DocuSign, Imaging, Compliance and Advertising Review | SunGard, RegEd, Fidelity Bond, PSA Compliance Science, Email Services, LaserApp, DocuSign, Imaging, Compliance and Advertising Review |
| $0-$249,999 | $250K-$499,999 | $500K-$749,999 | $750K-$999,999 | $1,000,000+ | |
|---|---|---|---|---|---|
| Mutual funds | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Insurance | 96%-100% | 96%-100% | 96%-100% | 96%-100% | 96%-100% |
| Variable annuities | 86%-90% | 91%-95% | 91%-95% | 91%-95% | 91%-95% |
| Limited parterships | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% |
| Securities | 81%-85% | 86%-90% | 86%-90% | 86%-90% | 86%-90% |
| Required minimum production | $50,000 | ||||
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | Facebook | ||
| Dedicated mobile application for advisers? | N | ||
| Primary purpose of mobile application | — | ||
| Software Offered | |||
| Account aggregation software | Albridge Wealth Reporting (Albridge, an affiliate of Pershing) | ||
| Compliance software | Protegent Surveillance (SunGard Data Systems Inc.) RegEd |
||
| CRM | Act4Advisors (Allied Financial Software Inc.) Advisor Assistant (Client Marketing Systems Inc.) Ebix CRM Smartoffice (Ebix) Junxure (CRM Software Inc.) Redtail CRM (Redtail Technology) Salesforce CRM (Salesforce.com) |
||
| Document management | Docupace ePacs (Docupace Technologies Inc.) Redtail Imaging (Redtail Technology) |
||
| Financial planning | Easy Money (Money Tree Software Inc.) eMoney360 (eMoney Advisor) Finance Logix (Envestnet) MoneyGuidePro (PIEtech Inc.) Morningstar Advisor Workstation (Morningstar Inc.) NaviPro Planning Suite (Advicent, formerly Zywave) Silver Financial Planner/Silver Online (Money Tree Software Inc.) |
||
| Portfolio management | Advisors Assistant (Client Marketing Systems Inc.) Albridge Wealth Reporting (Albridge, and affiliate of Pershing) Morningstar Office (Morningstar Inc.) |
||
| Portfolio rebalancing | NetX360 (Pershing) | ||
| Robo-advice | |||
| Offers robo-advisory platform? | N | ||
| If not, when plans to offer a robo-platform | 1-2 years | ||
| Robo-advice services offered | — | ||
| How robo-platform developed | — | ||
| Charge for robo-advisory services? | — | ||
- Notes
- 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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