Top NPH Advisors Form RIA Affiliated with IFG

Five former top advisers at National Planning Holdings, which was acquired by LPL in August, have left the firm to reportedly form a registered investment adviser called F3Logic.

According to reports, the new RIA provides middle- and back- office solutions to hybrid independent firms. Fidelity will provide custodial services for the firm, which has selected Independent Financial Group as its broker-dealer.

Mike Childs, chief executive of the new firm, also heads CIG Financial and says that F3Logic is already recruiting other independent advisors to add to the $1 billion in client assets that the founders anticipate will come from NPH.

As reported in August, NPH was purchased by LPL Financial for an initial purchase price of $325 million. “The demand for financial advice continues to grow, and the independent model is the fastest growing part of the industry,” said Dan Arnold, LPL Financial president and CEO, at the time.

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