The network generated total sales of nearly $3.5 billion
National Planning Holdings (NPH), an independent broker-dealer network, has revealed second quarter revenue of around $148M, an increase of 9.1% over the prior quarter. The network also generated total sales of nearly $3.5 billion during the second quarter, up 1.4% in comparison to the first quarter.
The company stated that the financial professionals affiliated with the network’s four independent firms has reached to 3,535. The growth represents a 2.3% increase in representatives count over the prior quarter.
Jim Livingston, president and CEO of National Planning Holdings, said: The regulatory environment is evolving, clients’ needs are gaining complexity and running a successful financial planning practice involves a host of new challenges. As more advisers gravitate to the network, we will continue our efforts to deliver timely and innovative solutions that have a meaningful impact on their businesses.”
Clifford Jack, chairman of National Planning Holdings and executive vice president and chief distribution officer of Jackson National Life Insurance, said: “The NPH broker-dealer network is a key component of Jackson’s overall distribution strategy. NPH has achieved an impressive level of growth over the past several years, and Jackson will continue to support the network’s expansion as part of its long-term commitment to the independent financial adviser channel.”