• Working with your advisor to better serve you

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Frequently Asked Questions

What is your relationship with my advisor?

NEXT Financial Group, Inc. is an independent broker-dealer, or a supervisory firm responsible for monitoring the activities of our investment professionals, like your advisor, by ensuring suitable transactions and up-to-date certifications. We help NEXT’s advisors remain compliant with federal and state regulations, thereby protecting you and your assets.

How many NEXT advisors are there?

There are approximately 600+ financial professionals across the country who are Representatives of NEXT Financial Group, Inc.

Where are you located?

Our Home Office is located Houston, Texas, and we employ approximately 150 professionals who help bring exceptional service to you and your financial advisor.

Are you a SIPC Member?

NEXT Financial Group, Inc. and its clearing firm, Pershing LLC, are members of the Securities Investor Protection Corporation (SIPC). SIPC protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at sipc.org. The account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to securities clients, but it does not protect against losses from the rise and fall in the market value of investments.

In addition to SIPC protection, Pershing provides coverage in excess of SIPC limits from certain underwriters in Lloyd’s insurance market and other commercial insurers. The excess of SIPC coverage is valid through February 10, 2017 for Pershing LLC accounts. It provides the following protection for Pershing LLC’s global client assets:

  • An aggregate loss limit of $1 billion for eligible securities—over all client accounts
  • A per-client loss limit of $1.9 million for cash awaiting reinvestment—within the aggregate loss limit of $1 billion

An excess of SIPC claim would only arise if Pershing failed financially and client assets for covered accounts—as defined by SIPC—cannot be located due to theft, misplacement, destruction, burglary, robbery, embezzlement, abstraction, failure to obtain or maintain possession or control of client securities, or to maintain the special reserve bank account required by applicable rules.

Who Are We

Our history and how NEXT Financial Group, Inc., serves you through your advisor(s).

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