Amping up recruiting efforts, giant LPL firm grew its revenue by 300% in 2011

According to RIA Biz, Independent Financial Partners signed on 140 new advisers and increased revenue by 300%.  Independent Financial Partners ranks among the top 5% of LPL offices.  It now has over 400 advisers in its network and its expected that their AUM will be more than $10 billion in its next Form ADV filing (the most recent filing has the assets at $5 billion).

Independent Financial Partners has its own RIA within the LPL model.  The article cites the firm’s growth from advisors leaving wirehouses (and even some leaving LPL)  but wanting to conduct commission-based business without the hassle of being fully independent.

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