BD Update: Custodian pricing for Pershing, TD Ameritrade, Schwab, and Fidelity has been finalized. This mean advisors can now request the internal document outlining transaction pricing, asset-based pricing, and margin rates.
BD Update: IFP has hired three new employees. Two are joining the compliance team while one will be a technology consultant. IFP is currently in talks with a former CFO and FINOP of two large broker-dealers to become our CFO.
BD Update: Transition proposals for all IFP advisors are now complete. Each advisor should have a time on their calendar to discuss their package and sign the necessary agreements if they plan to move forward with IFP.
Transition proposals are now available. Please note these are preliminary proposals and are not binding on either party and would only become official once the broker-dealer is formed and an agreement is signed. Each advisor will be receiving an email invitation no later than Tuesday (May 29th) by close of business to schedule time to go over his or her proposal. This will ensure that everyone understands the calculations and has a chance to identify any incorrect data or inputs.
BD Update: IFP hired four new employees to bolster overall advisor support. This includes Donna Harris as the Director of Onboarding, Tim Nguyen as the New Accounts and Transfer of Assets Team Lead, Dale Koster in Cashiering, and Ron Langdon as an Associate in New Accounts.
We want to ensure we keep everyone updated on the progress of IFP’s work towards broker-dealer status. As such, we’re excited to bring you this first ‘IFP Broker-Dealer Video Update’, the first of many more to come.