National Planning Holdings Updates on Quarterly Revenue and Sales [Manufacturing Close – Up]

Proquest LLC

The National Planning Holdings, Inc. (NPH) independent broker- dealer network achieved record revenue of more than $225.8 million during the first three months of the year, an increase of 14.6 percent over the same period last year, and an increase of 7.5 percent over the previous quarter.

In a release on May 14, the Company noted that the network, which is one of the nation's largest, is made up of four firms: National Planning Corp. (NPC), INVEST Financial Corp. (INVEST), Investment Centers of America, Inc. (ICA) and SII Investments, Inc.

NPH also increased total product sales to $5.1 billion in the first quarter, representing an increase of 20.3 percent over sales in the first quarter of 2012, and an increase of 21.3 percent over the previous quarter. NPH also continues to hold solid with its advisor count, ending the quarter with a total of 3,564 registered representatives across all four firms.

Clifford Jack, interim president and chief executive officer of NPH and head of retail for Jackson National Life Insurance Company (Jackson), said the strong quarterly results indicate advisors recognize the value in NPH's exclusive services, including an individualized approach to meeting the needs of each representative.

"We continue to build on our foundational mission of offering customized practice management and technology solutions to help financial advisors grow and expand their practices, and these results speak to our ability to provide access to the top tools and resources in the industry," Jack said. "Each of NPH's four firms continues to contribute to the network's achievements, and the combination of the unique strengths of each firm, with the overall organization's commitment to comprehensive compliance oversight, technology innovation and product due diligence, allows NPH to add value to advisors of all types."

National Planning Holdings, Inc. (NPH) is a broker-dealer holding company.