Practice Management, Technology and Recruiting Efforts Help NPH
Achieve Record Rep Count
National Planning Holdings, Inc. (NPHSM), one of the nation’s
largest independent broker-dealer networks1, booked revenue
of more than $136 million and generated more than $3.4 billion in total
sales during the first quarter of 2009. NPH also grew its roster of
registered representatives by more than 13 percent over the prior year
period, bringing the total number of financial advisors affiliated with
the network’s four independent firms to a record high of 3,456.
“In light of steep market declines and a challenging economic
environment, I’m pleased with the relative performance of the NPH firms.
We have been able to navigate these rough waters by focusing on the core
competencies of the network – improving advisor efficiency, delivering a
robust technology platform and providing value-added services for reps,”
said Jim Livingston, president and CEO of National Planning Holdings,
Inc. “Advisors have taken notice of our continued efforts to address
their needs, as evidenced by the significant growth in our
representative base, which reached an all-time high this quarter. As the
markets recover, I am confident that NPH will continue to emerge as a
firm that advisors can depend on to meet the needs of their clients.”
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NPH First Quarter 2009 Results –
Quarter-Over-Quarter Comparison:
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Q1 2009
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Q4 2008
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% Increase vs. Q4 2008
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Sales
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$3,423,854,309
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$3,544,744,864
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(3.4)%
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Revenue
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$136,041,062
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$135,437,985
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0.4%
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# of Reps
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3,456
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3,169
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9.1%
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NPH’s first quarter sales were down 5.4 percent from the first quarter
of 2008, and the network’s revenue fell 15 percent from the prior year
period. However, through its focus on enhancing the services and support
available to representatives and expanding recruiting efforts across the
network, NPH attracted 400 new advisors during the past 12 months,
increasing its representative count by more than 13 percent.
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NPH First Quarter 2009 Results –
Year-Over-Year Comparison:
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Q1 2009
|
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Q1 2008
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|
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% Increase vs. Q1 2008
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Sales
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$3,423,854,309
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$3,619,964,425
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(5.4)%
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Revenue
|
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$136,041,062
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|
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$159,963,022
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(15)%
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# of Reps
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3,456
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3,056
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13.1%
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“In the current environment, advisors are re-evaluating their
broker-dealer relationships and placing a premium on the tools and
resources that have a measurable impact on the efficiency and
profitability of their practices,” said Livingston. “While many firms
promote their services and technology, very few actually deliver the
solutions advisors are seeking. NPH has a long history of providing
comprehensive practice management support and innovative technology that
help our representatives manage their day-to-day operations more
effectively. Advisors are recognizing the value that we can add to their
business and are choosing to partner with NPH for the long term.”
National Planning Holdings, Inc. is an affiliate of Lansing,
Michigan-based Jackson National Life Insurance Company® (JacksonSM).
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 serves a specific niche of the financial planning marketplace,
allowing the NPH network to deliver customized, market-specific services
to representatives of all profiles.
For more information about the four broker-dealers in the National
Planning Holdings network, please visit:
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www.INVESTFinancial.com
- INVEST Financial Corporation
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www.InvestmentCenters.com
- Investment Centers of America, Inc.
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www.NatPlan.com
- National Planning Corporation
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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 3,456
registered representatives. NPH and Jackson are wholly owned by
Prudential plc (NYSE: 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.
1. Independent Broker-Dealer Network rankings by gross revenue, InvestmentNews,
4/27/09
National Planning Holdings, Inc.
Andrew Silver
303.224.7542
800.565.8797
(ext. 57542)
andrew.silver@jnli.com