Relationship with IFP & LPL
Our Partnership with Independent Financial Partners & LPL Financial:
DEW Financial Management Group Inc. (DEWFMG) 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.
DEWFMG, 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. DEWFMG has selected IFP and LPL to meet those needs.
There are two primary channels through which DEWFMG 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 (DEWFMG, IFP & 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 DEWFMG is that it allows for the most independent, flexible, non-biased 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 DEWFMG 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 $32 billion as of 12/31/15, giving us the ability to access resources such as enhanced technology, vendor support, and marketing opportunities not available to an individual office. IFP 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:
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is the nation's largest independent broker/dealer (based on total revenues, Financial Planning magazine, June 1996-2017), an RIA custodian and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,700 financial advisors and more than 720 financial institutions. In addition LPL Financial supports approximately 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have more than 3,000 employees with primary offices in Boston, Charlotte and San Diego. For more information, please visit www.lpl.com.