Northwestern Mutual Investment Services
A subsidiary of The Northwestern Mutual Life Insurance Co.
720 E. Wisconsin Ave.
Milwaukee, WI 53202
No. advisers: 5,138
Year founded: 1968
Year end: Dec. 31
No. of retail offices: 876
Recruitment & Staffing
|No. of reps||5,138||5,037||6,015|
|No. of producing reps||5,138||5,037||5,750|
|No. of reps producing $100K-$499K /year||954||823||1,195|
|Total revenues: Other||$91,098,481||$65,708,454||$82,434,684|
|Total account assets||$125,118,600,000||$100,490,000,000||$111,704,644,783|
|Total account assets: Other||$55,553,400,000||$48,978,100,000||$68,403,151,185|
|Average assets per rep||$24,351,615||$19,950,367||$18,571,013|
|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||CRM|
August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...
June 26, 2018 - A Financial Industry Regulatory Authority Inc. arbitration panel has ruled that Woodbury Financial Services must pay $970,107.21 in compensatory damages and $121,468 in interest to two clients as a result of the firm's failure to supervise a former broker....
April 21, 2018 - Firm 2017 % revenue ($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%...
March 23, 2018 - A three-broker team managing $400 million at Merrill Lynch in Plymouth, Minn., and a JP Morgan adviser managing $111 million in Niles, Mich., have left their firms to go independent through the FiNet unit of Wells Fargo. Leaving Merrill Lynch are Shawn...
November 27, 2017 - A three-adviser team formerly with Wells Fargo Advisors in Brentwood, Tenn., has formed the Williams Hunter Wealth Group and affiliated with the independent unit of Raymond James, according to a press release. The registered representatives â€” Alan E....
November 17, 2017 - The Financial Industry Regulatory Authority Inc. has barred Robert H. Hoffmann, a former broker with Woodbury Financial Services, for failing to take part in an investigation looking into his trading recommendations. In October, Finra staff sent a request...
June 22, 2016 - Brokers who change phone numbers and email addresses in an attempt to retain clients before leaving their firms is a regular problem that has sparked recent disciplinary action, according to the Financial Industry Regulatory Authority Inc. This month...
- 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.
Sponsored by Schwab Advisor Services
Latest news & opinion
Chairman Ben Brigeman will serve as interim chief executive while a search for a permanent CEO is conducted.
With income thresholds higher and a lower SALT deduction after tax reform, the AMT will realistically only apply to wealthy Americans with out-of-the-ordinary tax events.
Advisers wonder what the lack of a formal brokerage agreement means from a regulatory standpoint.
These next-generation leaders are raising their voices and gaining influence over financial advice regulation and legislation.
Sources say Kestra is being valued at between $600 million and $800 million, about eight to 10 times EBITDA.