Independent B-Ds with the largest rep count
Click column headers to sort fields
Broker-dealer | Total number of reps | 1Yr % change | 2Yr % change | 2009 rep count | 2008 rep count |
---|---|---|---|---|---|
LPL Investment Holdings | 12,027 |
-12% |
-7% |
13,646 |
12,890 |
Metlife Broker Dealer Group | 10,147 |
-1% |
-- |
10,231 |
-- |
Ameriprise Financial Services Inc. | 10,103 |
29% |
31% |
7,830 |
7,712 |
Lincoln Financial Network | 7,576 |
3% |
-- |
7,366 |
-- |
NYLife Securities LLC | 7,150 |
21% |
-- |
5,932 |
-- |
Axa Advisors LLC | 5,883 |
-4% |
-4% |
6,139 |
6,119 |
Northwestern Mutual | 5,752 |
-1% |
-4% |
5,819 |
6008 |
H.D. Vest Financial Services | 5,175 |
-6% |
0% |
5,486 |
5,200 |
AIG Advisor Group Inc. | 4,865 |
-26% |
-30% |
6,571 |
6,989 |
National Planning Holdings Inc. | 4,350 |
22% |
22% |
3,569 |
3,570 |
View comparison chart here. Broker-dealer trends and analysis. Want more of InvestmentNews' exclusive independent broker-deaer info? For an expanded set of our B-D profiles--which includes contact information, plus historical analysis of B-D's individual recruiting behaviors and use of custodians--please contact Kristen Hensely at [email protected] or 212-210-045. |
Largest increase (%) in reps
Click column headers to sort fields
Broker-dealer | Rep count | 1Yr % change | 2Yr % change | 2009 rep count | 2008 rep count |
---|---|---|---|---|---|
Spire Investment Partners LLC | 49 |
172% |
-- |
18 |
-- |
Summit Brokerage Services Inc. | 350 |
59% |
73% |
220 |
202 |
brokersXpress LLC | 300 |
50% |
50% |
200 |
200 |
Park Avenue Securities LLC | 2,988 |
34% |
10% |
2,234 |
2,710 |
Girard Securities Inc. | 200 |
33% |
60% |
150 |
-- |
BCG Securities Inc. | 60 |
33% |
-- |
45 |
125 |
First Midwest Securities Inc. | 212 |
33% |
80% |
160 |
118 |
Ameriprise Financial Services Inc. | 10,103 |
29% |
31% |
7,830 |
7,712 |
Independent Financial Group | 325 |
25% |
-- |
260 |
-- |
National Planning Holdings Inc.* | 4,350 |
22% |
22% |
3,569 |
1,750 |
Securities America Inc. | 1,983 |
21% |
13% |
1,636 |
-- |
View comparison chart here. Broker-dealer trends and analysis. Want more of InvestmentNews' exclusive independent broker-deaer info? For an expanded set of our B-D profiles--which includes contact information, plus historical analysis of B-D's individual recruiting behaviors and use of custodians--please contact Kristen Hensely at [email protected] or 212-210-0451. |
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.