National Planning Holdings, Inc. (NPH), the nation’s sixth-largest
independent broker-dealer network1, today announced record
revenue of $500.4 million for half-year 2014, an increase of 6.4 percent
over half-year 2013. The network’s second quarter revenue alone totaled
$252.0 million, up 3.2 percent from the second quarter of 2013. NPH also
reported $10.1 billion in gross product sales for the first half of 2014.
“The strong half-year results indicate the NPH network has maintained
its leadership position in sales and recruiting, and remains poised for
continued success,” said Clifford Jack, chairman and president of NPH.
“Each of our unique broker-dealer firms within the network offers
advisors the customized resources they need to thrive in today’s
competitive market.”
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 niche within the financial planning marketplace,
allowing the NPH network to deliver 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® (Jackson®). 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 3,544 registered representatives (as
of June 30, 2014). NPH and Jackson are wholly owned by Prudential plc
(NYSE: 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.
This press release may contain certain statements that constitute
“forward-looking statements.” Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other statements
which are other than statements of historical facts. However, as with
any projection or forecast, forward-looking statements are inherently
susceptible to a number of risks and uncertainties and actual results
and events could differ materially from those currently being
anticipated as reflected in such forward-looking statements. There can
be no assurance that management’s expectations, beliefs or projections
will result or be achieved or accomplished. Any forward-looking
statements reflect NPH’s views and assumptions as of the date of this
press release and NPH disclaims any obligation to update forward-looking
information.
1 Marsh, A. (2014). FP50 Biggest Independent Broker-Dealers. Financial
Planning. June 2014. Pg.52.
Copyright Business Wire 2014