National Planning Holdings, Inc.® Announces Quarterly Revenue and Sales
Business Wire, Inc. |
Network Posts Sales & Revenue Gains Versus Q4 2011; Increases Rep Count
With the addition of 89 affiliated financial professionals, NPH now has 3,652 reps within the network – a 2.5% increase from the first quarter of 2011. NPH surpassed 3,600 affiliated representatives for the first time in company history during the first half of 2011, and has held steady for the past three quarters.
NPH First Quarter 2012 Results: Year-Over-Year Comparison |
|||||
Q1 2012 |
Q1 2011 |
% Change |
|||
Sales |
(1.6)% | ||||
Revenue |
(0.9)% |
||||
# of Reps |
3,652 | 3,563 | 2.5% | ||
“NPH remains positioned for long-term growth, thanks to a sound business model and steadfast commitment to the independent broker-dealer space, as well as our strong relationships within the financial institution channel,” said
NPH reported significant gains on a quarter-over-quarter basis. First quarter 2012 sales and revenue saw 15.7% and 8% gains, respectively, from the fourth quarter of 2011. The network also added 16 reps since the end of last year.
NPH First Quarter 2012 Results: Quarter-Over-Quarter Comparison |
||||||
Q1 2012 |
Q4 2011 |
% Change |
||||
Sales |
15.7% | |||||
Revenue |
8.0% | |||||
# of Reps |
3,652 | 3,636 | 0.4% | |||
“NPH’s ongoing enhancements to our technology efficiencies and practice management programs serve as key examples of how we assist our rep base to become better business owners,” said Livingston. “We understand that financial advisers have many diverse responsibilities, and we strive to develop tools and resources to help them maximize productivity and efficiency.”
The NPH network consists of
The broker-dealer network has implemented several enhancements to its service offerings in recent months – INVEST has signed contracts to provide brokerage and investment services for more than 10 new financial institutions, and has also expanded its practice management platform. Recently, NPC® rebranded its practice management platform as the Pursuit program, offering customizable marketing materials, compliance support and expert guidance. NPC also expanded its recruiting staff with the addition of two new business development vice presidents.
Meanwhile, in the first quarter of 2012, SII alone added 12 representatives, and is working to enhance its practice management capabilities, as well as improve client-facing educational tools on retirement income. Furthermore, in late 2011, ICA announced that it will serve as the Preferred Service Provider (PSP) for retail brokerage services for The
For more information about the four independent broker-dealers in the
- www.INVESTFinancial.com -
INVEST Financial Corporation - www.InvestmentCenters.com -
Investment Centers of America, Inc. - www.NatPlan.com -
National Planning Corporation - www.SIIOnline.com -
SII Investments, Inc.
About
PR1260 5/2012
800.565.8797 (ext. 57542)
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Source:
Copyright: | Copyright Business Wire 2012 |
Wordcount: | 713 |
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