Triad, an independent broker/dealer owned by Ladenburg Thalmann, has recruited Retirement Benefits Group, a retirement plan-focused advisory firm with over $10 billion in assets under administration. The firm is leaving Independent Financial Group, currently an LPL Financial office of supervisory jurisdiction but gearing up to launch its own broker/dealer this spring.
Sean Ciemiewicz, principal of Retirement Benefits Group, said IFP’s move presented an opportunity to “reassess” their situation.
“It gave us the opportunity to really take a look at different companies and what they had to offer,” he said. “It’s a very competitive marketplace, so we wanted to make sure we had all the right tools and services available to our advisors to allow them to do their business.
RBG will join Resources Investment Advisors, a retirement plan-focused hybrid RIA and OSJ on the Triad platform. Overland Park, Kan.-based Resources has 160 advisors across 48 offices around the country. The firm serves more than 2,100 corporate retirement plans with $36 billion in assets. It also has more than $3 billion in wealth management operations.
RBG, which serves over 580 total retirement plans across 68 advisors and staff, will bring Resources’ assets to over $49 billion.
Independent Financial Partners, a hybrid office of supervisory jurisdiction preparing to launch its own broker/dealer next year, has chosen BNY Mellon’s Albridge to provide wealth reporting capabilities to its 500 advisors.
IFP, a family-owned registered investment advisory firm currently on LPL Financial’s platform, has been building out its technology stack in preparation to launch its own b/d. The firm recently chose BNY Mellon’s Albridge to provide wealth reporting capabilities to its 500 advisors. In September, it announced contracts with Agreement Express, a client onboarding platform, Beam Solutions, transaction monitoring compliance, and Xtiva, compensation management and reporting software. And in November, the firm said it was teaming with Advizr to provide financial planning services for 401(k) participants.