IFP Taps The Pinnacle Group to Expand and Evolve Its Insurance Offering

Mar 2, 2021 | Press Release

pinnacle group

Tampa, FL, March 2, 2020 – Independent Financial Partners (IFP), a broker-dealer, SEC-registered investment advisor, and brokerage insurance agency specializing in wealth management, retirement plan consulting and risk management products has partnered with The Pinnacle Group to expand the life, annuity and long-term care insurance products and resources available to its national network of financial professionals.

IFP’s insurance licensed financial professionals are able to conduct fixed insurance business with the agency of their choosing, though for the past decade IFP’s general agency and in-house team was always the firm’s preferred option. However, going into 2021, IFP wanted to simultaneously expand and evolve its insurance product and services platform without diverting additional internal resources away from enhancing the core competencies of the Broker-Dealer and RIA. As such, it made sense to partner with an outside firm like Pinnacle who is a focused and successful specialist in the insurance and annuity space and intimately familiar with supporting firms like IFP.

“Our firm is made of three components of a holistic business model, our RIA, our Broker-Dealer, and our insurance agency,” says Jeff Acheson, IFP’s Chief Business Development Officer and head of the firm’s Retirement and Risk Management Solutions division. “Our primary business lines are within the RIA and Broker-Dealer but by partnering with Pinnacle, we’re able to integrate a premier and proven platform on the insurance side without straining the internal resources devoted to our primary focuses elsewhere within the enterprise.”

Partnering with IFP adds another Broker-Dealer/RIA to Pinnacle’s already impressive list of clients. Their entire back office team is structured to support firms like IFP, and all of their resources are devoted toward facilitating success with IFP’s insurance and annuity activities.

“When you work with Pinnacle, we become a literal extension of your team, supporting you and helping you grow your business to the next level,” says Jason Borek, Pinnacle’s Chief Distribution Officer. “We dedicate ourselves to building a solid relationship with you that requires long-term commitment, planning, and a genuine investment in seeing you succeed. Our business is built for a firm like IFP to plug in to due to our national footprint and our experience in working with broker dealers/RIAs. Pinnacle has the resources to support IFP’s entire network and educate financial professionals who don’t yet do business with IFP’s insurance side. It’s a very synergistic relationship, and we’re thrilled to have IFP as a partner.”

About IFP

Independent Financial Partners (IFP) is a broker-dealer, registered investment adviser, and general insurance agency supporting over 240 financial professionals around the country. Financial professionals affiliated with IFP have the option to manage advisory assets with four custodians: Pershing, Fidelity, Charles Schwab, and TD Ameritrade. As of December 31st, 2020, IFP’s financial professionals oversee over $7 billion in assets under management.

Securities offered through IFP Securities, LLC, dba Independent Financial Partners (IFP), member FINRA/SIPC. Investment advice offered through IFP Advisors, LLC, dba Independent Financial Partners (IFP), a registered investment adviser.

About Pinnacle

The Pinnacle Group is dedicated to transforming the way the insurance and annuity industry does business. Their goal always has been to find creative ways to help advisors grow their businesses, discover innovative solutions, and meet the needs of their clients. They serve over 18 thousand advisors and 45 broker dealers/RIAs nationally. Pinnacle has a national foot print with nearly 50 sales directors, advanced planning centers, and strategic partners in every region of the United States and Puerto Rico. Every IFP advisor will have a single point of contact to assist in directing them to resources and support needed to impact and grow their business to the next level.

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