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.
There are approximately 700+ financial professionals across the country who are Representatives of NEXT Financial Group, Inc.
We have Home Office locations both in Houston, Texas and Virginia Beach, Virginia, and employ approximately 150 professionals who help bring exceptional service to you and your financial advisor.
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, 2016 for Pershing LLC accounts. It provides the following protection for Pershing LLC’s global client assets:
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.