National Planning Holdings®, Inc. Announces Record Full-Year Results
Broker-Dealer Network Generated Record Annual Revenue and Gross Product Sales in 2012
SANTA MONICA, Calif.--(BUSINESS WIRE)-- National Planning Holdings, Inc. (NPH®), one of the nation's largest independent broker-dealer networks, booked record revenue of $837.2 million in 2012, an increase of 6.3 percent over 2011. NPH's total product sales also increased nearly 2 percent over the prior year to more than $16.6 billion, representing record volume for the firm.
"The NPH network's strong revenue and sales results in 2012 are a reflection of the each of our firm's focus on providing exceptional service to our existing advisors, as well as the addition of some of the best and brightest advisors in the financial industry through our recruiting efforts," said Clifford Jack, interim president and chief executive officer of NPH and head of retail for Jackson National Life Insurance Company® (Jackson®). "With a continued commitment to providing robust technology solutions, customized practice management programs and stringent, comprehensive product due diligence, NPH remains uniquely positioned to expand its footprint across the industry."
NPH 2012 Results: Year-Over-Year Comparison
# of Reps
The NPH network consists of INVEST Financial Corporation® (INVEST), Investment Centers of America, Inc. (ICA), National Planning Corporation® (NPC®), and SII Investments, Inc.® (SII). Each company marked important milestones during 2012. INVEST celebrated its 30th anniversary, signed contracts to provide brokerage and investment services for 13 new financial institutions and renewed a contract with Johnson Bank, its longest-standing relationship. NPC saw John C. Johnson take the helm in 2012 as interim president, before being officially promoted to president of the firm in January 2013. ICA and SII continued to enhance their practice management capabilities and improve client-facing educational tools on retirement income.
"NPH's performance over the past few years has been impressive in and of itself, but is even more outstanding due to the difficult climate in the broker-dealer industry," said Jack. "As ever, the deep level of interaction and ongoing dialogue between our home offices and advisors sets us apart from other firms, and demonstrates our commitment to truly understanding and caring about their clients and their businesses."
National Planning Holdings, Inc. is an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company.For more information about the four independent broker-dealers in the National Planning Holdings network, please visit: www.INVESTFinancial.com/public/joininvest/direct.html, www.joinica.com, www.joinnpc.com and www.joinsii.com.
About National Planning Holdings, Inc.
National Planning Holdings, Inc. (NPH), designed to help independent investment professionals and their clients reach unprecedented levels of success, 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, Inc., National Planning Corporation, and SII Investments, Inc. Collectively, the NPH broker-dealer network has 3,540 registered representatives (as of 12/31/12). NPH and Jackson are wholly owned by Prudential plc (NYS: PUK) , a company incorporated in England and Wales. 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.
Senior Media Relations Specialist
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