National Planning Holdings, Inc.®Boosts Third Quarter Revenue
Third quarter revenue jumps 7.6% to $215 Million from 3Q 2011
SANTA MONICA, Calif.--(BUSINESS WIRE)-- National Planning Holdings, Inc. (NPH®), one of the largest independent broker-dealer networks in the U.S., booked revenue of more than $215 million in the third quarter of 2012, a 7.6-percent increase over the same period in 2011, and a 0.4-percent increase over the previous quarter. The four-firm network also increased total product sales to more than $4.2 billion in the third quarter, a 4.4-percent jump from the second quarter of 2012.
The NPH network consists of INVEST Financial Corporation®, Investment Centers of America, Inc., National Planning Corporation®, and SII Investments, Inc.® Each company maintains its own unique culture and niche within the financial planning marketplace, allowing the NPH network to deliver customized, market-specific services to representatives of all profiles.
"As we approach the end of 2012, NPH has continued to find success by helping advisers grow their businesses through innovative technology, product and client service solutions," said Jim Livingston, president and chief executive officer of NPH. "In today's rapidly changing economic environment, our ability to provide regulatory guidance, due diligence and technology expertise to advisers will allow us to build on our legacy and continue to attract some of the best talent in the industry."
NPH 3rdQuarter 2012 Results: Year-Over-Year Comparison
# of Reps
Year-to-date, NPH has achieved revenue of more than $627 million on gross product sales of more than $12.4 billion, a revenue increase of 3.6-percent over the first three quarters of 2011. NPH's rep count continues to hold solid numbers, ending the quarter with a total of 3,579 registered representatives.
NPH 3rdQuarter 2012 Results: Quarter-Over-Quarter Comparison
# of Reps
"NPH continues to bring new innovations to our technology platforms and practice management solutions in order to boost adviser efficiency and productivity," Livingston said. "Our network remains well-positioned for long term growth and ongoing leadership in the industry by providing the resources that representatives need to grow and expand their businesses."
National Planning Holdings, Inc. is an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company® (Jackson®). For more information about the four independent broker-dealers in the National Planning Holdings network, please visit:
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 National Planning Holdings, Inc.
National Planning Holdings, Inc.(NPH) is a broker-dealer holding company and an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company®. NPH serves as the holding company for the independent broker-dealers INVEST Financial Corporation, Investment Centers of America, National Planning Corporation, and SII Investments, Inc. Collectively, the NPH broker-dealer network currently has 3,579 registered representatives. NPH and Jackson are wholly owned by Prudential plc (NYS: PUK) , a company incorporated and with its principal place of business in the United Kingdom. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
National Planning Holdings, Inc.
Melissa Hernandez, 303.224.7572
KEYWORDS: United States North America California
The article National Planning Holdings, Inc.® Boosts Third Quarter Revenue originally appeared on Fool.com.
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