NEXT Financial Group, Inc.

NEXT Financial Group, Inc.

A subsidiary of Atria Wealth Solutions, Inc.

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2500 Wilcrest Drive

Houston, TX 77042

(877) 876-6398

www.nextfinancial.com

Clearing firm: Pershing LLC, TD Ameritrade

No. advisers: 445

No. franchises: 361

Year founded: 1999

Year end: Dec. 31

For More Information

CEODouglas Ketterer
Top ExecutiveBarry Knight
Recruiting ContactJeff Crystal
(888) 566-1482
E-mail
Compliance ContactLeslie Jallans
(713) 375-2553
E-mail
Marketing ContactRobert Holcomb
(858) 530-4493
E-mail
Technology Operations ContactChris Mueller
(713) 328-4949
E-mail

Recruitment & Staffing

2019 2018 2017
No. of reps445509539
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 year327534003160
Affiliation fees charged per rep, per year177617761776
Affiliation fee coverageSunGard, RegEd, Fidelity Bond, PSA Compliance Science, Email Services, Laser App, DocuSign, Imaging, Compliance and Advertising ReviewSunGard, RegEd, Fidelity Bond, PSA Compliance Science, Email Services, LaserApp, DocuSign, Imaging, Compliance and Advertising ReviewSunGard, 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 mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
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-platform1-2 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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