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Scroll for IFP’s Broker-Dealer Timeline

  • 2019

  • March 31, 2019

    Anticipated Transition to IFP Broker Dealer

    It is IFP's goal to be ready to transition our advisors and clients to our broker-dealer by the end of Q1 2019.

  • 2018

  • December 31, 2018

    Anticipated FINRA Approval of IFP New Member Application

    If our interactions with FINRA go as planned, we anticipate that our broker-dealer application will be approved on or around the end of 2018.

  • August 01, 2018

    Advisor[X] Beta Test Begins

    Advisor[X] is IFP's proprietary advisor launchpad software, which is currently under development and set to release in conjunction with the broker-dealer launch. IFP has began beta testing the software with a pre-selected group of advisors and admin staff who are tasked with providing continual feedback to optimize the buildout of the product.

  • July 16, 2018

    IFP Hires Bill McCauley, Former McKinsey Director, as CFO

    Understanding that experience with a larger broker-dealer would be valuable to the firm, IFP has hired Bill McCauley, formerly CFO for Transamerica Financial Advisors as well as CFO of Mass Mutual's retail and wholesale broker-dealers.

  • July 10, 2018

    FINRA Deems IFP's New Member Application as Substantially Complete, 180 Day Clock Starts

    Once they receive a firm's new member application, FINRA's self imposed 180 day clock for approval of the application officially starts.

  • July 05, 2018

    IFP Advisors Approved by LPL to Place Advisory Accounts at Pershing, Schwab, TD, or Fidelity

    To make the transition for our advisors as easy as possible, IFP requested that LPL provide blanket approval for all IFP advisors to move advisory business from LPL to one of our four custodians prior to our BD launch, and LPL has approved that request.

  • July 03, 2018

    IFP Submits Broker Dealer New Member Application to FINRA

    A day ahead of our nation's Independence Day, IFP submits its broker-dealer new member application to FINRA to get the ball officially rolling on the broker-dealer launch.

  • June 06, 2018

    IFP Hires Jeff Acheson, NAPA President, as Divisional President of IFP Plan Advisors

    In the effort to deepen IFP's bench, IFP has brought on a plan industry leader and veteran to oversee the evolution and growth of the firm's employer plan division.

  • May 30, 2018

    IFP Contracts with Pershing for Clearing and Custody

    As a broker-dealer, IFP needs a clearing partner and has chosen Pershing as the clearing platform of choice, a relationship that will be officially formalized once the broker-dealer is up and running.

  • May 04, 2018

    IFP Contracts with Redi2 Billing Software

    Redi2 is a leading SaaS solution for financial services billing. They will be the engine behind our customer billing and advisor fee payments.

  • April 30, 2018

    IFP Contracts with Agreement Express Onboarding and Account Opening Software

    Agreement Express will enable IFP's advisors to have a completely paperless and digital account opening and account transition experience across our 4 custodians: Pershing, TD Ameritrade, Fidelity, and Charles Schwab.

  • April 06, 2018

    IFP Announces Broker Dealer Launch for Early 2019

    IFP's broker-dealer is on pace to be approved by FINRA on or before January 1, 2019.

  • March 13, 2018

    IFP Contracts with Beam Solutions Compliance Software

    Co-founded by the former Chief Compliance Officer of Facebook Payments, Beam provides a suite of new age compliance technology solutions to firms like IFP that need to oversee AML monitoring, customer due due diligence, suspicious activity reporting, and trade surveillance. Using machine learning and an API-based SaaS platform, Beam helps customers dramatically reduce false positives and enhance transaction monitoring.

  • 2017

  • November 28, 2017

    IFP Contracts with SmartX, Managed Account Platform Technology

    SmartX is a managed account platform technology that provides advisors a single interface to manage traditional, alternative, and direct index strategies through a UMA/SMA structure.