Partnership with LPL and IFP
Our Partnership with Independent Financial Partners and LPL Financial:
Independent Retirement Partners, LLC (IRP) is proud to be supported by Independent Financial Partners (IFP) and LPL Financial in the effort to provide the best combination of services and programs to our clients.
IRP, IFP, and LPL are three separate and independent entities working together within a highly regulated framework. In the independent financial services arena, a financial advisor has the ability to select those platforms, programs and services that he or she thinks are the most appropriate to meet the needs of his or her clients. IRP has selected IFP and LPL to meet those needs.
There are two primary channels through which IRP can provide financial advice and services. These channels differ by 1) the way in which the advisor is compensated, and 2) the entity that supervises the business being done, among other things. The two channels are as follows:
- Fee based - where a financial advisor is compensated by a recurring fee for services provided. These services are offered by, transacted through, and supervised by IFP, an SEC Registered Investment Adviser (RIA)
- Commission based - where a financial advisor is compensated by commissions earned on solicited and non-solicited transactions. This business is transacted and supervised by LPL, a broker dealer member of FINRA.
All three entities (IRP, IFP, and LPL) are interwoven through LPL’s hybrid platform, allowing an advisor to tap into either business channel when deemed most appropriate. Through the use of state of the art technology and regulated relationships, the IFP/LPL infrastructure provides a seamless way to integrate all the offerings of an advisor’s practice.
What makes this hybrid and complex platform the preferred platform of IRP is that it allows for the most independent, flexible, comprehensive method of serving our clients’ needs. There are no proprietary products or sales quotas that have to be met, and we can select products and services for our clients with minimal outside influence or conflict of interest.
You are a client of IRP, and we are committed to providing you with the highest level of service to address your financial needs. Our relationship with IFP and LPL gives us, in our opinion, the best opportunity to deliver on our commitment to you.