Research

DATA & RESEARCH | PLANADVISER December 2008

2008 B/D Survey - Guide to Broker/Dealers' Retirement Plan Services

In spring of 2008, PLANADVISER sent an e-mail to its database of broker/dealers to learn what some are doing to accommodate retirement plan advisers. This is a list of all respondents and a sampling of their answers.

By Alison Cooke Mintzer See Archive >

This chart accompanies the article "Mistake in Identity," PLANADVISER September-October 2008.

 

Firm Name (location)Web siteTotal AdvisersFee-Based AdvisersRetirement Plan AdvisersAverage Annual Gross Production Average AUM ($ millions)Revenue % from Retirement Plans Home Office Staff SupportRetirement Plan Staff Support Compliance Staff SupportRetirement Plan Sales SupportAdvisers Can Act as Plan FiduciariesAdvisers Allowed to Service as RIA
AXA Advisors (NY)www.axaonline.com6,0301,380 2,626 $121K $5.9N/A98 NR40YesNoSometimes
AXA Equitable (NY)www.axa-equitable.comNRNRNRNRNRNRNRNRNRYes No No
Brecek & Young Advisors (CA)www.brecek.com373 248 NR$345K $4NR58NR10YesSometimesSometimes
Cambridge Investment Research (IA)www.joincir.com1,381 997 55 $223K$274% 245 N/A 32 No No Yes
Cantella & Co. (MA)www.cantella.com230 100 26NRNRNRNRNRNRNRNRNR
CAPTRUST (NC)www.captrustadvisors.com25 2520 N/A $800 65% 96 51 2 YesYesYes
Commonwealth Financial Network (MA, CA)
www.commonwealth.com
1,443 1,010 380 $357K $22NR415 5 26 YesYesYes
Correll Co. Investment Services Corp. (IL)www.cciscinvestments.com7 34NRNR20 332YesNoYes
Financial Telesis (CA)www.financialtelesisinc.com200 25 125 $186K $12580%45406YesYesYes
GBS Financial Corporation (CA)www.gbsfinancial.com62 23NR$150KNRNR10 6 2NoNoYes
Multi Financial Securities Corp. (CO)www.multifinancial.comNRNRNRNRNRNRNR4nrYesNoNo
NFP Securities, Inc. (TX)www.nfp.com1,678 908 175 $291K $8 N/A 180 529YesSometimes Yes
Northwestern Mutual (WI)www.nmfn.com1,2490 1,160$173K $5 12.6% 554 11 95 Yes No No
NRP Financial, Inc. (OH)www.nrpfinancial.com278 129 161 $750K $250 69% 110 54 15 Yes Yes Yes
PlanMember Securities Corporation (CA)www.joinplanmember.com375 375 37$96K $4 80%97 83 5Yes No No
Raymond James Financial (FL)www.advisorchoice.com4,767 2,830NR$371K $49NR3,863 12 165Yes SometimesSometimes
Triad Advisors (GA)www.triad-advisors.com390 320 55 $165K $45 5% 42 15Yes Yes Yes
Woodbury Financial Services, Inc. (MN)www.woodburyfinancial.com1,800 632NR$154K $12 NR250727Yes Sometimes Sometimes