The National Planning Holdings Inc. broker-dealer network achieved quarterly revenue of nearly $197 million on quarterly gross product sales of more than $4.2 billion. First quarter 2012 sales and revenue saw 15.7 percent and 8 percent gains, respectively, from the fourth quarter of 2011.
NPH also added 89 affiliated financial professionals—a 2.5 percent increase from the first quarter of 2011—to its representative count for a total of 3,652 reps within the network.
The NPH network consists of INVEST Financial Corp., Investment Centers of America Inc., National Planning Corporation, and SII Investments Inc. Each company maintains its own culture and niche within the financial planning marketplace.
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