National Planning Holdings, Inc.® Announces Quarterly Revenue and Sales
National Planning Holdings, Inc.®Announces Quarterly Revenue and Sales
First Quarter Results Represent Record Numbers for the Network; Sales Up 20% Year-Over-Year
SANTA MONICA, Calif.--(BUSINESS WIRE)-- TheNational 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. The network, which is one of the nation's largest, is made up of four firms: National Planning Corporation® (NPC®), INVEST Financial Corporation® (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."
NPH First Quarter 2013 Results: Year-Over-Year Comparison
NPH First Quarter 2013 Results: Quarter-Over-Quarter Comparison
"NPH continues to bring new innovations to our platforms in an effort to help advisors boost efficiency and productivity," Jack said. "Our network remains well-positioned for long-term growth and ongoing leadership in the industry by providing the resources that representatives need to attain and maintain success."
National Planning Holdings, Inc. is an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company.Each company in the network maintains its own unique culture and niche within the financial planning marketplace, allowing NPH to deliver customized, market-specific services to representatives of all profiles. 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) 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 3,564 registered representatives, as of 3/31/13. NPH and Jackson are wholly owned by Prudential plc (NYS: PUK) , a company incorporated and with its principal place of business in England. 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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