Independent Financial Partners
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Learn more about Independent Financial Partners
Independent Financial Partners is a financial advisor firm headquartered in Tampa, Florida. Independent Financial Partners controls $8.9 billion in assets under management throughout 34,487 customer accounts, making it one of the largest financial advisory firms in the country by assets under management (AUM). Independent Financial Partners has a large team, including 266 financial advisors. Independent Financial Partners does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments like bonds, equities and options.
Independent Financial Partners administers the majority of its client assets in a discretionary manner. Discretionary management signifies that a portfolio manager has the discretion to make buy and sell decisions for the client's account without requiring the client's consent. It also has 4,456 non-discretionary accounts totaling $834.5 million in assets. The investment advisory firm oversees roughly $258,525 in assets for each account. An average advisor at Independent Financial Partners administers around 130 client accounts.
The firm's headquarters is at 3030 North Rocky Point Drive West, Tampa, Florida 33607. The company is allowed to provide services to customers throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Independent Financial Partners by the Numbers
Products and Services
Independent Financial Partners provides multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, educational seminars and other services. In the past financial year, the firm provided financial planning services to 101-250 of its accounts. It does not sell products or offer services other than investment advice to its investment advisory customers. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer, insurance company or agency and pension consultant.
Core Advisor Services
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
Offered by 46% of firms
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
Offered by 6% of firms
This is the hosting of seminars or workshops to educate investors on financial concepts.
Financial advisory fees vary depending on the financial services offered. Fees charged by the firm most likely include the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.
Offered by 69% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Offered by 21% of firms
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Offered by 32% of firms
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Offered by 10% of firms
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Find one of the 1% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Types of Clients
The company does business with a broad range of clients. The company provides services to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 34,487 customers, Independent Financial Partners's biggest client group by number of accounts is retail investors, but it also manages money for 4,245 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 13.01%
- Other Individuals - 79.1%
- Corporations - 7.63%
- Charitable Organizations - 0.26%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Independent Financial Partners does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Independent Financial Partners
Fort Washington, PA
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