IFP Hits Its Stride as a Top 30 Firm

Oct 29, 2024 | Press Release

PR

Tampa, FL – October 2024 – Independent Financial Partners (“IFP”), a leading wealth management firm, proudly celebrates its position as one of the top 30 independent broker-dealers (IBD) in the country, according to Financial Planning Magazine’s IBD Elite 2024 rankings. This milestone comes just over five years after IFP launched its own independent broker-dealer, following its exit from LPL Financial.

Since establishing the independent broker-dealer in 2019, IFP has experienced significant growth and success. Through the first nine months of 2024, the firm has had its best recruiting year, adding nearly 30 advisors and $1.5 billion in assets under advisement (AUA). With an additional 13 advisors and $500 million in assets expected to join before the end of the year, IFP anticipates supporting approximately 270 financial professionals managing close to $15 billion in total AUA by year-end.

“Launching our own firm five years ago was a calculated risk,” said William Hamm, CEO of Independent Financial Partners. “At the time, our platform supported nearly 600 advisors, and we knew we’d lose many by leaving LPL and going fully independent. However, we were determined to control our destiny and build a platform that would retain and attract even more advisors in the future.”

Over the past five years, IFP’s unique approach has proven its value, providing advisors with an open architecture platform that allows for flexibility and control over their businesses. Advisors can custody assets at Pershing, Fidelity, Schwab, or SEI without facing additional administrative fees that are often imposed by other IBDs for placing assets “off-platform.”

Jeff Acheson, IFP’s Chief Business Development Officer and one of its top-performing independent advisors, highlights the firm’s commitment to the evolving needs of financial professionals. “IFP is devoted to being on the cutting edge of what independent advisor platforms need to be. Our open architecture allows advisors to build the practice they want while ensuring compliance with regulatory requirements. A firm of IFP’s size can achieve this balance, whereas larger firms often manage to the lowest common denominator or to satisfy the demands of outside masters only interested in the bottom line.”

As IFP moves forward, it remains dedicated to fostering innovation and growth in the wealth management industry. By staying true to its core values of independence, flexibility, and advisor empowerment, IFP is well-positioned to continue attracting top talent and expanding its platform. The firm’s unwavering commitment to supporting financial professionals will drive its success and help advisors deliver unparalleled service to clients across the nation. With a robust pipeline of new advisors and assets, IFP is poised for continued success well into the future.

About Independent Financial Partners (IFP):
Independent Financial Partners (IFP) is a Tampa, Florida-based wealth management firm supporting independent financial advisors nationwide. IFP offers a wide range of services and solutions through its independent broker-dealer and Registered Investment Advisor (RIA) platform. Since launching its independent broker-dealer in May 2019, IFP has been at the forefront of providing advisors with innovative, open-architecture solutions that empower them to serve their clients effectively.

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