Planmember
| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1982 |
| Headquarters | Carpinteria, California, United States, 6187 Carpinteria Ave , Carpinteria, California |
Area served | United States |
Key people | Jon Ziehl, President & CEO |
| Revenue |  US$ $143.0 million (2021) |
| Website | www |
PlanMember Securities Corporation (commonly referred to as PlanMember) was founded in 1982[1][2] and is considered one of the 25 largest independent broker-dealers.[3] As of 2020, the company had more than 479 financial advisors,[4] over $14 billion in advisory & brokerage assets,[5] and generated approximately $143.0 million in annual revenue for the 2021 fiscal year.[2]
PlanMember Financial was formed in 1982 to provide educators with the level of service and investment choices available to many corporate retirement plan employees.[6] The company has expanded its financial services through 40 US-based financial centers and 480 independent financial advisors.[7] PlanMember is headquartered in Carpinteria, CA.
PlanMember's subsidiaries are PlanMember Services, PlanMember Services, PlanMember Financial Corporation, and PSC Insurance Marketing Corporation.[8]
Statistics[edit]
Key facts regarding PlanMember include the following:
- 461 financial representatives[2]
- Approximately 4,500 technology, custody, and clearing service subscribers[10]
- $16.6 billion in advisory and brokerage assets as of April 2022[2]
Legal[edit]
On March 11, 2019, 79 firms agreed to a $125 million industry settlement arising from Firms 12b-1 fees fund sale violations. PlanMember to return $3.5 million to clients.[11][12]
References[edit]
- ^ "Company Profile". InvestmentNews. Retrieved Oct 22, 2019.
- ^ a b c d Staff, FA (April 3, 2022). "FA's 2022 B-D Ranking 2022" (PDF). Financial Advisor. Retrieved Jan 4, 2023.
- ^ a b Salinger, Tobias (August 31, 2022). "IBD Elite 2022: Which independent brokerages have the biggest RIAs?". Financial Planning. Retrieved Jan 4, 2023.
- ^ "Recruitment & Staffing". Investment News. Retrieved Jan 4, 2023.
- ^ "Asset Breakdown". Investment News. Retrieved Jan 4, 2023.
- ^ "About PlanMemember". Retrieved Oct 28, 2019.
- ^ "PlanMemember History". Retrieved Jan 4, 2023.
- ^ "Asset Breakdown". Retrieved Oct 22, 2019.
- ^ Financial-Planning.com (September 2022). "IBD Elite" (PDF). Investment News. Retrieved Jan 4, 2023.
- ^ Publishing, Value Line. "Value Line - The Most Trusted Name in Investment Research". www.valueline.com.
- ^ Staff, AdvisorHub (March 11, 2019). "Investors to Get $125 Mln from Firms Fessing Up to Fund Sale Violations". Investment News. Retrieved October 22, 2019.
- ^ "File No. 3-19080" (PDF). Securities and Exchange Commission. Mar 11, 2019. Retrieved Jan 4, 2023.