HTK Named a Top Independent Broker-Dealer
HTK recognized by four leading industry rankings as a Top 50 IBD
HORSHAM, Pa. – July 8, 2020 – Hornor, Townsend & Kent, LLC (HTK), a broker-dealer and registered investment adviser supporting independent financial professionals across the U.S., today announces its inclusion in several prestigious industry rankings. HTK has been named one of the top 50 independent broker-dealers (IBDs) in the U.S. for 2020 by the respected publications ThinkAdvisor, Financial Planning, InvestmentNews and Financial Advisor.
HTK placed No. 26 in ThinkAdvisor, No. 34 in Financial Planning, No. 34 in InvestmentNews and No. 36 in Financial Advisor, based on 2019 revenue.
“These rankings reaffirm our strong position in the marketplace,” says Tim Donahue, president and chief executive officer, HTK. “Our consistent revenue generation year over year is driven by the dedicated HTK financial professionals throughout the U.S. who are focused on best serving their clients and growing their practices.”
HTK reported total revenue of nearly $123 million in 2019. With a comprehensive, flexible platform for independent financial professionals to conduct their business, HTK has been focused on expanding its investment advisory services and solutions. In 2019, HTK’s investment advisory revenue accounted for nearly one-third of total revenue, and investment advisory assets under HTK increased by 20 percent from 2018 to 2019.
“As a Penn Mutual company, HTK represents a key component of our distribution strategy,” says Thomas Harris, CLU®, ChFC®, FLMI, executive vice president and chief distribution officer, Penn Mutual. “In a constantly changing broker-dealer environment, financial professionals and clients who partner with HTK can be assured that they are backed by the strength and stability of Penn Mutual, a Fortune 1000 company, in addition to receiving the personalized service that HTK and Penn Mutual are known for.”
Each publication’s rankings are based on company data provided by each broker-dealer through a survey. All financial figures are as of December 31, 2019.
HTK is a broker-dealer and registered investment adviser supporting independent financial professionals across the U.S. For more than 50 years, HTK has been the trusted partner supporting financial professionals on their path to success. HTK is committed to offering its financial professionals the independence to build their practice their way through the delivery of a flexible platform, leading solutions and personalized service. Hornor, Townsend & Kent, LLC (HTK) is a wholly-owned subsidiary of The Penn Mutual Life Insurance Company. Member FINRA/SIPC. Visit www.htk.com