Articles tagged "Independent Financial Partners"
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As Independent Financial Partners readies its $41-billion LPL breakaway, a third CEO goes for the jugular
Tension boils between Robert Russo and Bill Hamm, CEOs, respectively, of the Independent Advisor Alliance and Independent Financial Partners, as Hamm prepares to fly solo
January 10, 2019 at 8:13 PM
LPL Financial pulls pricing lever after Bill Hamm moves to yank $12 billion and 500 advisors off the IBD's line
The CEO of Independent Financial Partners will take 12 months move the asset trove to his own broker-dealer giving LPL time to woo reps looking for the door
May 3, 2018 at 10:01 PM
LPL Financial pushes toward full-service-on-tap model with its 'virtual' play -- running some real risks in the process
With virtual, digital and OSJ firms making headway, CEO Dan Arnold's move may amend LPL business model or, one recruiter says, be a sop to Wall Street analysts hungering for a new angle
February 20, 2018 at 8:58 PM
LPL Financial clips wings of 20 top fund companies by asserting itself as 'gatekeeper' on newly launched DOL-proof 3.5% flat-commission mutual fund superstore
Using Labor Department as leverage, LPL cuts itself in as middleman between branded fund giants -- including Fidelity, Legg Mason and Putnam -- and its advisors' clients -- in exchange for semi-exclusive shelf space positioning
August 4, 2017 at 10:04 PM
LPL Financial lets go of David Reich to pull its crucial $135-billion 401(k) division into a central service and branding sphere
The head of the unit exits amid advisor chatter that the hyper-channelization of LPL sometimes makes six phone calls necessary when one would do
June 26, 2017 at 9:34 PM
LPL restores OSJ rights to $35-billion AUA super-rep that just kept growing during its three-year ordeal
By taking compliance back in-house, IFP slashes its $1 million compliance budget in half and gains a lost flexibility, according to founder Bill Hamm
July 11, 2016 at 6:12 PM
How Bill Hamm is turning a $10 billion-plus loss of 401(k) assets into a revenue-neutral, neural-neutral experience
After cleaning up his compliance act with an LPL assist, the head of Independent Financial Partners is fighting back
April 10, 2015 at 7:48 PM
As $160-billion CAPTRUST makes a snack of $10-billion Pensionmark, Fielding Miller accelerates his roll-up plans with a liberal structure
The Raleigh, N.C.-based firm's willingness to buy 49% reduces 'weird' and may set the stage for life as more of a 401(k) franchisor
April 6, 2015 at 4:02 PM
An LPL super-client hits 'pause' on recruiting after an SEC inquiry and LPL is playing a parental role
Despite the scare, LPL stands by this OSJ and wants to support these explosive growers
March 15, 2013 at 5:47 PM
LPL reaches hard-won agreement to rein in bonuses to big advisors that had proved to be overly generous
OSJs were riding high on incentive systems designed more for solo practices
November 2, 2012 at 4:54 AM
What LPL's recruitment of a $2-billion beehive of NPC advisors says about its new sweet spot in the industry
Joe Russo's choice reframes LPL's identity from a conventional IBD to a central bureau that can serve the regional advisor-servicing companies in a growing number of instances
August 3, 2012 at 5:22 AM
Amping up recruiting efforts, giant LPL firm grew its revenue by 300% in 2011
Independent Financial Partners has gotten so big that it's taking a bite out of LPL's business -- and LPL doesn't seem to mind
