Independent broker-dealer network National Planning Holdings Inc. (NPH) Tuesday reported revenues of $787.8 million for 2011, an increase of 13.5 percent over revenues of $694.2 million in fiscal year 2010. The Santa Monica, Calif.-based company also reported sales of $16.3 billion for fiscal year 2011, a 14 percent increase over fiscal year 2011, NPH officials said
An affiliate of Lansing, Mich.-based Jackson National Life Insurance Company, 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 3,636 registered representatives.