Independent Financial Partners, a registered investment adviser and office of supervisory jurisdiction, has hired Jeff Acheson as divisional president of IFP Plan Advisors, the firm’s division servicing advisors specializing in employer plan advising and consulting. He takes the reigns from Kim Shaw Elliot, who remains with the firm as ERISA counsel.
Acheson is the president of the National Association of Plan Advisors (NAPA), an industry organization representing retirement plan advisors. In addition to his NAPA responsibilities, runs his own private practice supported by IFP, Advanced Strategies Group, through which he provides executive benefit consulting, qualified plan advice and wealth management to companies, executives and private clients.
“I am thrilled and honored to bring my 40 years of multidisciplinary experience, and relationships to bear on Bill Hamm’s vision of a ‘new IFP.’ It is exciting to think of the value proposition possibilities for advisors that a nimble, well-funded and integrated broker-dealer, RIA and brokerage general agent can offer,” Acheson said.
Tampa-based Independent Financial Partners announced plans in April to leave LPL Financial, to launch its own broker-dealer by next year. The firm joined LPL in 2007 following LPL’s acquisition of IFP’s former broker-dealer, Mutual Service Corporation.
IFP was founded in 2000 by president and CEO William Hamm Jr. with home/corporate offices in Tampa, Florida, and Phoenix, Arizona. It has more than 520 independent advisors nationwide with more than $40 billion in assets under advisement.
IFP Plan Advisors includes more than 150 advisors throughout the country with more than $30 billion in retirement plan assets under advisement as of Dec. 31, 2017.