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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

Friday, March 2, 2012 – 4:24 PM by Lisa Shidler
Admin:
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William Hamm: We have an enticing story.

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Mentioned in this article:

LPL Financial
Asset Custodian
Top Executive: Dan Arnold

Sheridan Road Financial
Consulting Firm
Top Executive: Jim O'Shaughnessy

Private Advisor Group
Specialized Breakaway Service, RIA-Friendly Broker-Dealer, RIA Serving Other RIAs
Top Executive: RJ Moore, Chief Executive Officer

Independent Financial Partners
RIA Serving Other RIAs
Top Executive: William Hamm




Elmer Rich III

Elmer Rich III

March 2, 2012 — 6:24 PM

A post-IPO good news story. Always fortunate to be in a growth market.

William Hamm

William Hamm

March 5, 2012 — 3:42 PM

A couple comments. The success IFP has enjoyed the past few years could not have been achieved without the partnership and affiliation with LPL. They are not, and never have been, competitors of IFP. Our relationship is one of two partners, servicing the needs of our advisors and clients and LPL had been extremely supportive of our efforts to grow our firm. In my opinion, the LPL hybrid platform is the most independent and robust program available because they bring resources to the table that most other BD’s can only dream of providing.

We are extremely pleased with our partnership with LPL and look forward to continuing that relationship for many years to come.

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