Northwestern Mutual Investment Services
A subsidiary of The Northwestern Mutual Life Insurance Co.
720 E. Wisconsin Ave.
Milwaukee, WI 53202
Clearing firm: Pershing LLC
No. advisers: 7,892
No. franchises: 77
Year founded: 1968
Year end: Dec. 31
No. of retail offices: 346
Recruitment & Staffing
|No. of reps||7,892||8,016||5,037|
|No. of producing reps||5,069||5,005||5,037|
|No. of reps producing $100K-$499K /year||1,425||1,297||823|
|Total revenues: Other||$158,323,000||$145,552,000||$65,708,454|
|Total account assets||$152,650,150,000||$152,248,280,000||$100,490,000,000|
|Total account assets: Other||$65,308,520,000||$70,527,950,000||$48,978,100,000|
|Average assets per rep||$19,342,391||$18,993,049||$19,950,367|
|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 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...
May 21, 2019 - Geoffrey P. Sisk, Hynson H. Marvel and Jason Statuta, who managed $600 million at Wells Fargo in Richmond, Va., have joined the employee division of Raymond James. Mr. Sisk began his financial services career in 1984 with Branch Cabell. In 1987 he moved...
April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...
March 15, 2019 - John Mara and Shaun Feldeisen, Boston-based advisers who managed $200 million in assets at Northwestern Mutual Investment Services, have joined Bleakley Financial Group. The team's four-person support staff also made the move. Bleakley is overseen by...
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...
- 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.