TAMPA, Fla., March 26, 2015 /PRNewswire/ -- After months of bolstering the services it needs to handle its expected growth, Independent Financial Partners (IFP), a hybrid RIA based in Tampa, Florida, has launched a reinvigorated recruiting initiative to attract more advisors to its platform as more and more choose to leave wirehouses.

IFP, one of LPL Financial's largest RIA in terms of advisors, is redefining what it means to be a hybrid RIA in today's market.

"We're not limited to advisors looking to create a fee- and commission-based practice," said William Hamm, IFP's chief executive officer. "We are able to offer support to advisors who might specialize in insurance solutions, retirement plans, wealth management and more."

Founded in 2000, IFP is a family-owned firm with more than 500 advisors, more than $5.2 billion in assets under management and $30 billion in assets under advisement.

IFP spent better part of 18 months reinvesting in its infrastructure to build up its team and technology to support its recruiting efforts, priorities that were informed by Hamm's 30 years of experience as an advisor.

"We have made the commitment to investing in new technology and continuously upgrading our existing infrastructure to provide our advisors a support system that will help build their businesses," said Scott Kaszyk, director of information technology.

The company's investment enables advisors to continue to do their work without having to adapt to new technology.

"Our advisors know the best tools to use to run their own practices," said Chris Hamm, executive vice president. "IFP has created an open architecture platform. We've identified the need to become a technology firm in the advisor space."

Smooth transitions

IFP knows that making the leap to independence can be intimidating. The company has created an on-boarding process to make the transition as easy as possible. With a dedicated transition team, IFP will ensure an advisor's needs are taken care of, from finding new office space to the movement of their licenses.

"Advisors continue to recognize the benefits and attributes of IFP's multi-custodial hybrid RIA platform as a destination for their practices," said Louis Hanna, IFP director of recruiting. "We have an established history of providing the support advisors need to be able to focus more on their clients and grow their business."

IFP last year expanded its staff, service, technological infrastructure and services and plans to continue that trend throughout 2015 as its network grows.

About Independent Financial Partners

Independent Financial Partners is an SEC Registered Investment Advisor (RIA) located in Tampa, Florida. Operating on LPL Financial's hybrid RIA platform, IFP is a multi-custodial RIA focused on delivering personalized, concierge-level service to its 500 advisors nationwide who specialize in wealth management and retirement plan consulting. As a whole, the advisors at IFP oversee more than $5 billion in assets under management and over $30 billion in assets under advisement.

Founded in 2000 by CEO William Hamm, Jr., CFA, CFP®, CLU®, IFP is a privately-held, family-owned firm, with the mission of improving the lives of its advisors and their clients. For more information, visit www.ifpartners.com.

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc.(Nasdaq: LPLA), is a leader in the financial advice market and serves $465 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,900 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (*based on total revenues, Financial Planning magazine, June 1996-2014), is one of the fastest growing RIA custodians with $84 billion in retail assets served, as of September 30, 2014, and acts as an independent consultant to more than 40,000 retirement plans with approximately $110 billion in retirement plan assets served. In addition, LPL Financial supports approximately 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have 3,397 employees with primary offices in Boston, Charlotte and San Diego. For more information, visit www.lpl.com.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, a registered investment adviser and separate entity from LPL Financial.

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SOURCE Independent Financial Partners