SOURCE: NEXT Financial Group

NEXT Financial Group

September 15, 2009 09:03 ET

Investment Advisor Recognizes Independent Broker Dealer, NEXT Financial Group, Inc.

HOUSTON, TX--(Marketwire - September 15, 2009) - The increasing appeal of independent firms has been favorable for Houston-based NEXT Financial Group, Inc., who was honored in the 19th annual Broker/Dealer of the Year awards presented by Investment Advisor magazine. NEXT Financial placed 3rd in division four, the largest of the broker dealer divisions as determined by the quantity of producing representatives a firm has.

Votes are cast exclusively by registered representatives who judge their respective broker dealer on 14 separate criteria. The firms receiving the highest composite score in each division are awarded honors. The quality of NEXT Financial's home office personnel, efficacy of technology, and the world-class marketing support of 4WARD Financial Marketing, Inc., the wholly owned subsidiary of NEXT Financial Holdings, helped secure their win.

In its 10 year history, NEXT Financial Group, Inc., has won the Broker/Dealer of the Year award an unprecedented 7 times. No other broker dealer in history has won this award more than four times successively.

"Having previously been recognized over the years in the three smaller categories, we are honored that our reps have continued to recognize the people who are dedicated to supporting them," said President Barry Knight. "NEXT, at our heart, is about the representatives -- their vision, voice and values. It was true with 100 reps, it's true over 1,000 and it shall remain true as we continue to grow and prosper as an organization."

NEXT Financial Group, Inc., is dedicated to serving the best interest of its leaders -- the representatives. Founded, owned and operated by its 1,200 advisors and affiliates around the country, NEXT was built on the ideology that its advisors should have a voice in their career destiny.

For more information on NEXT Financial Group, Inc., Member FINRA/SIPC, visit www.nextfinancial.com, or contact President Barry Knight at 713-333-4888 or bknight@nextfinancial.com.

Based on a poll of registered representatives conducted by Investment Advisor magazine. Broker/Dealers rated highest by their representatives are awarded "Broker/Dealer (B/D) of the Year."

Here are the first, second, and third place winners in this year's balloting as picked by the 3,577 validated voters in our 19th annual readers' poll.

     Division I (1 to 199 producing reps)
     1st: Prospera Financial Services
     2nd: Harbour Investments
     3rd: Founders Financial Securities

     Division II (200 to 499 producing reps)
     1st: The Investment Center
     2nd: WRP Investments
     3rd: Summit Brokerage Services

     Division III (500 to 999 producing reps)
     1st: Sigma Financial
     2nd: American Portfolios
     3rd: Capital Financial Group/H. Beck

     Division IV (1,000 or more producing reps)
     1st: Woodbury Financial
     2nd: Cambridge Investment Research
     3rd: NEXT Financial

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