FINRA Gives IFP the OK to Launch Broker/Dealer

#Lifestyle Wealth

Independent Financial Partners, a super office of supervisory jurisdiction of LPL Financial, said its application to launch its own broker/dealer, which it submitted in July, has been approved by the Financial Industry Regulatory Authority. 

IFP announced its plans to separate from LPL and start its own brokerage last April, and the firm is still on track to officially transition advisors. The firm has been building out its tech stack in preparation.

Chief Operating Officer Chris Hamm recently told that the firm expects about 225 to 250 of its 520 existing advisors to move over. IFP is also planning to acquire, with the help of its new capital partners. One acquisition would add at least 100 advisors; the firm is recruiting just over 30 single advisors from various b/ds, as well as two potential groups of about 30 advisors each.

On an earnings call Thursday afternoon, LPL CEO Dan Arnold said that of the IFP advisors that have made a decision to stay or leave, his firm expects to retain $6 billion of those assets. But one-third of IFP’s advisors haven’t made a decision. The OSJ started with about $12 billion of brokerage and advisory assets, Arnold said.

PropellerAds To Find More Information, Go To And Look Up Any Topic

Please follow and like us: Share This Post

Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.

So browse through a category and make your  preferred selection and come back here to read  more choice articles and get a few more helpful tips on ways to help your enhancement.

Detoxing Reviews

Best Body Detoxification Guides & reviews

Colon Cleanse Reviews

Best Colon Cleanse Guides & Reviews

Weight Loss Ebook Reviews

Weight loss products really work! Click here

Dating and Romance Ebook Reviews

Looking for Dating Guides? Click here

Leave a Reply

Your email address will not be published. Required fields are marked *

Saubio's Recommended Products