NEW YORK, Aug. 27, 2015 (GLOBE NEWSWIRE) -- ALM's Investment Advisor announced the results of its 25th annual readers' poll in which the representatives of independent broker-dealers chose the 2015 Broker-Dealers of the Year. This award marks another milestone in Investment Advisor's 35th year as The Voice of Independents.
"Independent broker-dealer reps are fiercely independent, which is why these honors are so noteworthy," said Jamie Green, editor of Investment Advisor. "It's the reps themselves who gave their broker-dealers their highest regard by voting for them."
In the annual balloting, thousands of reps of independent broker-dealers confirmed their choices of affiliation by giving high ratings to their own independent broker-dealers (BDs). Credentialed voters are asked to rate their own broker-dealers in 15 different areas of interest to independent reps on ThinkAdvisor.com; those BDs that receive the highest average rating from their reps are named Broker-Dealers of the Year in four divisions based on their number of producing reps.
The leaders of the 2015 Broker-Dealers of the Year gathered in Chicago earlier this month to discuss their firms, the challenges the entire independent broker-dealer industry faces and how they're prospering in a challenging market and regulatory environment. The results of that editorial roundtable will constitute the cover story in the September 2015 issue of Investment Advisor, and additional written and video content will be available on the 2015 Broker-Dealers of the Year home page on ThinkAdvisor.com.
The 2015 Broker-Dealers of the Year are:
Division IV (more than 1,000 representatives): Cambridge Investment Research. Led by Chairman and CEO Eric Schwartz and based in Fairfield, Iowa, Cambridge has now won eight times over the past 25 years.
Division III (500 to 999 reps): American Portfolios Financial Services Inc. Led by CEO, CIO and President Lon Dolber based out of Holbrook, New York, American Portfolios is a first-time winner of this award.
Division II (200 to 499 reps): The Investment Center. Led by President and CEO Ralph DeVito out of Bedminster, New Jersey, The Investment Center has now won six times overall.
Division I (up to 199 representatives): Prospera Financial. Led by Principal and President David Stringer in Dallas, Prospera has now won six times over the years.
About Investment Advisor
Now in its 35th year of serving the investment, analysis and practice management needs of independent and independent-minded advisors, Investment Advisor magazine is a key franchise within the Investment Advisor Group of ALM.
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