Advisors IFP Press Releases

IFP Adds Executive Talent Ahead of Broker-Dealer Launch

by Chris Hamm

Tampa, Fla., 07/18/2018 – Independent Financial Partners (IFP) has hired Bill McCauley as Chief Financial Officer, adding valuable talent to its executive team ahead of the launch of the firm’s broker-dealer.

Most recently Director of Finance for New Ventures at McKinsey & Company, McCauley previously served as CFO for Transamerica Financial Advisors and CFO for MassMutual’s retail and wholesale broker-dealers prior to that.

McCauley’s hiring follows the addition of Jeff Acheson, current NAPA president, to IFP’s roster as head of the firm’s employer plan division, IFP Plan Advisors. William Hamm, IFP’s CEO, believes the hires are both necessary and strategic.

“We’re doing a lot of cool things at IFP, but we’re also doing a lot of new things,” Hamm said. “While we understand what starting a broker-dealer entails, having someone like Bill McCauley join the firm ensures that we have someone who knows how to interact with FINRA well. This individual plays a key role in setting up a unique ownership structure, which includes the ownership we’re giving to our advisors who move to the new broker-dealer with us. He has seen what a well-run broker dealer looks like at a large scale and will bring that experience to IFP.”

McCauley’s hiring will benefit the firm and its network of advisors and is a sign to the industry that IFP is serious about becoming a force in the broker-dealer industry.

“We didn’t decide to launch a broker-dealer because we’re bored; we decided to launch a broker-dealer because we see an opportunity to provide services to financial advisors in a way they’ve never seen before,” Hamm said. “We want to be the Uber or Amazon of our space, and we are adding the right resources and people to do that. All of the investments we are making in the evolution of our firm will ultimately benefit our advisors, who are our main stakeholders and first priority.”

About IFP

Family-owned and privately-held since it was founded in 2000 by CEO William Hamm Jr. on the principals of independence, flexibility and collaboration, Independent Financial Partners (IFP) is a comprehensive financial advisor support firm with home/corporate offices in Tampa, Florida, and Phoenix, Arizona. It is dedicated to delivering personalized service to a growing network of more than 520 independent advisors nationwide, allowing them to better focus on the needs of their clients.

An SEC Registered Investment Adviser (RIA) and an Office of Supervisory Jurisdiction (OSJ), IFP works directly with its advisors to provide them technological, compliance, marketing, business development, and operational support. As of Dec. 31, 2017, IFP’s advisors have more than $40 billion in assets under advisement. The firm has annually earned the trusted CEFEX certification for investment support services for adhering to the industry’s best practices since 2014. For more information, visit www.ifpartners.com. Follow the firm on Twitter at @IF_Partners.

Securities offered through LPL Financial, member FINRA/SIPC. Investment Advisory services offered through Independent Financial Partners (IFP), a Registered Investment Adviser.

NAPA is a separate entity from LPL Financial.

Posted by: Chris Hamm | July 18th, 2018 at 11:56am.