Jenkintown, PA – For the second year in a row, Alden Investment Group ranked in the 35th annual Financial Planning IBD Elite, achieving second place for Revenue Growth and third place for Highest Growth in Producing Reps.
The IBD Elite ranks independent broker-dealers on a variety of performance and growth criteria each year. With 2019 being the first full year since its expansion and restructuring, Alden squeezed into the rankings in 51st place for revenue growth. In 2020, Alden shot up to the top, ranking second in Revenue Growth. Alden also jumped from 51st place in 2019 for Highest Growth in Producing Reps up to third position in 2020.
Other areas of improvement for Alden included moving up rankings from 51 to 46 in Commission Product Revenue, 51 to 47 in Fee-Based Revenue and 51 to 45 in Corporate Staff, with 65 licensed staff members.
Over the last 12 months, Alden’s main focus was growth, through adding more registered reps and opening more satellite offices throughout the country. Lee Calfo, CEO of Alden Investment Group explained their strategy, “Our investments in our people and the capabilities of our platform have resulted in many new additions to the firm. I am happy to see significantly increased interest in our products and services as well as market recognition of our collective efforts over the last few quarters. Our pipeline is as strong as ever and we look forward to continued growth throughout the rest of 2020 and beyond.”
To read the full 2020 IBD Elite report, please visit the Financial Planning website. All charts with rankings can also be found here.
About Alden Investment Group
Founded in 1995, Alden Investment Group is an independent firm with a full-service broker-dealer and registered investment adviser. The firm offers a large and diverse menu of services including individual account management, institutional research, investment banking, private placement offerings, wholesaling services, retirement plans, equity trading, fixed income trading, and options trading, among other broker-dealer and RIA capabilities. The firm has 57 advisors spread across 14 districts and states, including most recently Puerto Rico. The firm has the ability to work with advisors who wish to be fully-integrated to an RIA and broker-dealer, or in a hybrid format accessing only the entities they require. The firm offers a robust platform for its advisors built around competitive payouts, with access to unique investment products and a best-in-class compliance program.