Upstart IBD’s headcount is up 24%, production up 60% since launch
June 15, 2021 By Tobias Salinger, Financial Planning The founders of an upstart firm that launched a broker-dealer two years ago say the company is growing again and saving advisors and clients millions of dollars. The week Independent Financial Partners officially changed from one of LPL Financial’s largest offices of supervisory jurisdiction to a midsize IBD competitor of the giant wealth manager, the Tampa, Florida-based firm faced its first SEC audit in 20 years, CEO Bill Hamm and his son, COO Chris Hamm, said in an interview. The pair admit that there are “probably a few more moving parts” to launching an IBD than they thought, as the younger Hamm puts it...