In the November issue of Registered Rep. a list of the 20 largest independent broker/dealers failed to include at least two b/ds that were larger than some on that list. The source for that list, BD Connect, did not include information on these b/ds. Their information follows: Firm: Producing Reps Avg. Payout Recruiting Executive Clearing Firm Parent Co. Commonwealth Financial NetworkWaltham, MA,
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In the November issue of Registered Rep. a list of the 20 largest independent broker/dealers failed to include at least two b/ds that were larger than some on that list. The source for that list, BD Connect, did not include information on these b/ds.
Their information follows:
| Firm: | Producing Reps | Avg. Payout | Recruiting Executive | Clearing Firm | Parent Co. |
|---|---|---|---|---|---|
| Commonwealth Financial Network Waltham, MA, 800-462-3638 www.commonwealth.com | 1,080 | 255,000 | Janice Hart | National Financial Services | Commonwealth Financial Network |
| Cadaret, Grant & CO., Inc. Syracuse, NY, 315-471-2191 www.cadaretgrant.com | 900 | 97,292 | Peter Grifo | Pershing | Cadaret, Grant |
| Source: Commonwealth Financial Network and Cadaret, Grant & Co. | |||||
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In “The New Face of Janus” article in the December issue of Registered Rep., the table on page 58 erroneously labeled the column “+/- Morningstar Growth Index Category.” The correct heading is “+/- Morningstar Category Index.”
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