In an effort to offer you a top-notch experience and services we engage the follow partners.
Our Partnership with Independent Financial Partners and LPL Financial
Laurel Wealth Management is proud to be supported by Independent Financial Partners (IFP) and LPL Financial (LPL) in the effort to provide the best combination of services and programs to our clients.
Laurel Wealth Management, 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 address the needs of his or her clients. Laurel Wealth Management has selected IFP and LPL to meet those needs.
There are two primary channels through which Laurel Wealth Management 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 Financial, a broker dealer member of FINRA.
All three entities 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 Laurel Wealth Management is that it allows for the most independent, flexible, objective 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 no outside influence.
You are a client of Laurel Wealth Management, and we are committed to providing you with the highest level of service to meet your financial needs. Our relationship with IFP and LPL gives us, in our opinion, the best opportunity to deliver on our commitment to you.
About Independent Financial Partners:
Independent Financial Partners (IFP) is a Registered Investment Adviser (RIA) located in Tampa, Florida. IFP supports a network of over 475 financial advisors located throughout the United States who specialize in wealth management and retirement plan consulting. As a whole, the advisors at IFP collectively oversee in excess of $5 billion in assets under management and just over $32 billion in assets under advisement as of 12/31/2016, giving us the ability to access resources such as enhanced technology, vendor support, and marketing opportunities not available to an individual office. Our goal as a firm is to leverage our network and give our advisors access to state-of-the-art resources while still maintaining the feel of a smaller service-driven boutique firm. IFP advisors maintain their independence while owning and operating their books of business, but they always have IFP’s support in building and growing their practices. For more information, please visit www.ifpartners.com.
About LPL Financial:
For more information, please visit www.lpl.com.