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Representative Data


FINRA-Registered Representatives by Firm Size, 2014—20181

(Count as of year-end)

 

FINRA-Registered Representatives by Firm Size, 2014 – 2018

Source: Financial Industry Regulatory Authority

1Registrations by firm size differ from the total number of registrations as individuals registered with multiple firms are counted for each firm they represent, potentially in the same size class or in multiple size classes depending on the sizes of the employing firms. Large firm = 500 or more registered representatives; Mid-Size firm = 151-499 registered representatives; Small firm = 1-150 registered representatives.ancial Industry Regulatory Authority.

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Average and Median Number of FINRA-Registered Representatives per Firm, 2014—2018

(Count as of year-end)

 

Average and Median Number of FINRA-Registered Representatives per Firm, 2014-2018

Source: Financial Industry Regulatory Authority

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Registered Individuals by Type of Registration, 20181

(Count as of year-end)

 

FINRA Registered Individuals by Type of Registration 2018

Source: Financial Industry Regulatory Authority

1"Broker Dealer Representatives—Only" refers to FINRA-registered representatives. "Dual Representatives" refers to FINRA-registered representatives who are also registered as investment adviser representatives. "Investment Adviser Representatives—Only" refers to individuals who are registered only as investment adviser representatives and are overseen by the SEC or state regulators. Individuals are counted only once regardless of how many firms they represent.

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Securities Industry Registered Individuals by Type of Registration, 2009—20181, 2

(Count as of year-end)

 

Securities Industry Registered Individuals by Type of Registration,  2014—2018

Source: Financial Industry Regulatory Authority

1Investment Adviser Representatives who solely deal with customers in New York, or who were solely dealing with customers in Wyoming prior to July 1, 2017, are not captured in the Central Registration Depository (CRD) system. Furthermore, owners of investment advisory firms are exempt from registering as Investment Adviser Representatives. Accordingly, these Investment Adviser Representatives are not included in the table.

2Broker Dealer Representatives Only" refers to FINRA-registered representatives. "Dual Representatives" refers to FINRA-registered representatives who are also registered as investment adviser representatives. "Investment Adviser Representatives Only" refers to individuals who are registered only as investment adviser representatives and are overseen by the SEC or state regulators. Individuals are counted only once regardless of how many firms they represent.

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FINRA-Registered Representatives – Leaving/Entering the Industry, 2004—2018

(Count as of year-end)

 

FINRA-Registered Representatives – Leaving/Entering the Industry, 2004—2018

Source: Financial Industry Regulatory Authority

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Firm Size Distribution of FINRA-Registered Representatives Leaving/Entering the Industry, 2004—20181

(Percentage of Total)

 

Firm Size Distribution of FINRA-Registered Representatives Leaving-Entering the Industry

Source: Financial Industry Regulatory Authority

1Large firm = 500 or more registered representatives; Mid-Size firm = 151- 499 registered representatives; Small firm = 1-150 registered representatives.

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FINRA-Registered Representatives’ Transfers Between Firms Within the Industry, 2004—20181

(Count as of year-end)

 

FINRA-Registered Representatives’ Transfers Between Firms within the Industry, 2004—2018

Source: Financial Industry Regulatory Authority

1The number of transfers in a given year includes all transfers associated with FINRA-registered representatives who dropped a registration with a member firm and added a registration with another member firm within 15 days before or 60 days after dropping the registration.

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Securities Industry Registered Individuals’ Transfers Between Firms by Registration Type, 2004—20181,2

(Count as of year-end)

 

Securities Industry Registered Individuals' Transfers Between Firms by Registration Type

Source: Financial Industry Regulatory Authority

* The number for "IAR -> IAR" in 2018 reflects transfers of more than 2,000 individuals transferring within affiliates.

1The number of transfers in a given year includes all transfers associated with Securities Industry Registered Individuals (including FINRA-registered representatives and Investment Adviser Representatives), who dropped a registration with a member firm and added a registration with another member firm within 15 days before or 60 days after dropping the registration. These transfers between firms include transfers from on registration type to another registration type (e.g. investment Adviser registration at previous firm to registered representative registration at the new firm, "IAR -> RR"), as well as transfers for the same registration type (e.g. investment Adviser registration at previous firm to same registration at the new firm, "IAR -> IAR").

2Investment Adviser Representatives who solely deal with customers in New York, or who were solely dealing with customers in Wyoming prior to July 1, 2017, are not captured in the Central Registration Depository (CRD) system. Furthermore, owners of investment advisory firms are exempt from registering as Investment Adviser Representatives. Accordingly, these Investment Adviser Representatives are not included.

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