Gross revenue for top 25 indie firms crosses $10B mark; But growth pace declined in 2006 for the second consecutive year.(Independent Broker-Dealers)

From: Investment News | Date: April 23, 2007 | Copyright information

Byline: Bruce Kelly

NEW YORK - For the second consecutive year, the largest 25 independent-contractor broker-dealers saw top-line growth slow, even though it still was up by double digits.

In the face of a cutthroat recruiting environment, the top 25 firms tracked by InvestmentNews reached $10.68 billion in gross revenue last year, an increase of 16.6% over the level in 2005.

But as a group, the largest independent broker-dealers have seen gross re...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and journal articles from HighBeam Research

Top indy broker-dealers ranked by reps producing over $100,000.
Investment News ; Top indy broker-dealers ranked by reps producing over $100,000 Broker-dealer No. of reps 1 AIG Advisors Group: 1,984 * FSC Securities Corp./ Advantage Capital Corp. 589 Gross revenue: $260.5 million 2300 Windy Ridge Parkway, Suite 1100 Atlanta, GA 30339 fscorp.com (800) 547-2382 * Royal Alliance
Some midsize brokers had hefty revenue gains in 2005; Several report hikes of at least 30.(News)
Investment News ; Byline: Bruce Kelly NEW YORK - Midsize is the right size for some independent-contractor broker-dealers. While the top 25 independent firms on average increased gross revenue at a rate of 18.8% last year, at least half a dozen firms in the second 25 increased gross revenue at a rate of 30% to 40%
Top 25 independent broker-dealers ranked by producing reps.
Investment News ; Top 25 independent broker-dealers ranked by producing reps Broker-dealer Producing reps 1. American Express Financial Advisors 11,293.0 Gross revenue: $1.54 billion 707 2nd Ave. S., Minneapolis, MN 55402 americanexpress.com (800) 328-8650 2. H.D. Vest Investment Securities Corp. 6,224.0 Gross
Newcomer in a big push to build indie network; Advanced Equities shops $30 million private placement, entices brokers.(News)
Investment News ; Byline: Bruce Kelly NEW YORK - Advanced Equities Financial Corp., a newcomer, is selectively shopping around a $30 million private-placement offering, part of an effort to double the size of its collective broker-dealer gross revenue by the end of next year. Chicago-based Advanced Equities is
Four New to Forwarders List
Transport Topics ; DHL Global Forwarding leads a group of European, Asian and American companies on a list of the Top 25 Freight Forwarders. The rankings are based on estimates by logistics industry consultant Richard Armstrong and reflect worldwide net revenue in 2005. Chinese forwarder Sinotrans Ltd. appears on the