12 Best & Worst Broker-Dealers: Q3 Earnings
Earnings fell as much as 88%, but also jumped over 70% within the broker-dealer industry—AdvisorOne spotlights the six best and six worst performers.
Investors Cap Reports Profit on Growing Sales
The independent broker-dealer has about 450 advisors with $8 billion in assets under management
Investors Capital Holdings Added to Russell Microcap Index
The independent broker-dealer, selected as one of Investment Advisor magazine's Broker-Dealers of the Year, is included in the index for one year.
2010 Q4 Earnings: Investors Cap Reports Lower Income, Rising Sales
Average revenue per FA improved to $145,153 in the quarter, an increase of 12.5%.
Investors Cap Reports Net Profit for Fiscal Year
Investors Capital posted annual net income of $320,000 for the fiscal year ended March 31, 2010, vs. a net loss of $1.83 million a year earlier. Adjusted earnings were
Investors Cap Reports Net Profit for Fiscal '10
The independent broker-dealer also says that newly recruited advisors have average 12-month trailing sale, or production, of $250,000.
Investors Capital Advisory Hits $1 Billion in AUM; ICA to Host First Women's Confab
Investors Cap, which has some 550 independent advisors, will host women's conference in Boston
Investors Cap at $1 Bil AUM; To Host First Women's Confab
Investors Capital, which has some 550 independent advisors, now has more than $1 billion in assets under management.
Investors Cap Grows Profits, Boosts Recruiting of Top FAs
In terms of its advisor headcount, the broker-dealer has some 550 reps, down from over 600 a year ago, and says it is "emphasizing recruiting quality over quantity and culling lower-producing representatives."
Investors Cap Reports Profit, Recruiting Results for Latest Quarter
Independent broker-dealer has 600-plus financial advisors, and recruited advisors have rising fees, commissions and sales.