Northwestern Mutual Investment Services

Northwestern Mutual Investment Services

A subsidiary of The Northwestern Mutual Life Insurance Co.

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720 E. Wisconsin Ave.

Milwaukee, WI 53202

(866) 664-7737

northwesternmutual.com

Clearing firm: Pershing LLC

No. advisers: 7,892

No. franchises: 77

AUM: $152,650,150,000

Year founded: 1968

Year end: Dec. 31

No. of retail offices: 346

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • 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
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

Top ExecutiveEva Marie Schoenborn
Recruiting ContactPaul Shane
(414) 665-3931
E-mail
Compliance ContactJeffrey B. Williams
(414) 665-1924
E-mail
Technology Operations ContactPaul Presley
(212) 497-9597
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps7,8928,0165,037
No. of producing reps5,0695,0055,037
No. of reps producing $100K-$499K /year1,4251,297823
2018 2017 2016
Total revenues$1,219,479,000$1,034,487,000$756,221,640
Commission revenues$326,722,000$312,408,000$192,115,208
Fee revenues$786,939,000$628,450,000$498,397,978
Total revenues: Other$158,323,000$145,552,000$65,708,454
2018 2017 2016
Total account assets$152,650,150,000$152,248,280,000$100,490,000,000
Fee-based assets$87,341,630,000$81,720,330,000$51,511,900,000
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 mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationCRM

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Changing client records is a recurring problem among breakaway brokers: Finra

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...

    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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