Broker-Dealer Update: Week 6

BD Registration on Track

The broker-dealer registration process is well under way and should be finalized by December. We’ll provide more updates as we progress.

Beta Testing for Advisor[X]

Our technology platform, Advisor[X], aims to provide advisor choice with a streamlined user experience. We’re currently in the beta phase of this software and will provide limited access to a number of advisors in our network. As we iron out the kinks and expand the scope of the platform, we will grant access to a larger group of IFP advisors.

Transition to Outside Custodians Starting Soon

Assets custodied with LPL can be transitioned starting in a few weeks. If you have any questions about this, please reach out to our transitions team.

Transition Packages Sent

All transition packages to IFP advisors should have been officially delivered. Chris Hamm, Bill Hamm, Ned Van Riper, and Greg Wozniak will be reaching out to each advisor to discuss their package and make adjustments as necessary.

Strong Committal Rate

We continue to have a healthy committal rate from current IFP advisors wishing to transition to our new broker-dealer. In addition, we continue to bring on new advisors from other firms that are excited about IFP’s next venture.

New Recruiting Method

The executive team is contemplating a new way of recruiting advisors that might provide some added benefit to you. While we’re still working out the details, the idea is that each advisor that recruits someone will receive compensation for their part. We’ll release more details on that as we get closer to the broker-dealer launch.