Ifp Advisors, LLC (Tampa)

Name: Ifp Advisors, LLC
Address: 3030 North Rocky Point Drive West, Tampa, FL, 33607
Telephone: 813-341-0960

Ifp Advisors, LLC is a large advisory firm based in Tampa. It manages $5.38 billion of regulatory assets for 30,286 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Ifp Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ifp Advisors: assets under management

The assets under management (AUM) of Ifp Advisors, LLC is $5.38 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $21.11 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $5.32 billion in discretionary accounts and $61.35 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $176.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $502.91 thousand.

Ifp Advisors has custody of $439.48 million in cash and securities for 1,855 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 36% of the total AUM. The second-largest asset type is investment and business development companies, which make up 35% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ifp Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ifp Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Ifp Advisors is individuals with 12,979 clients and $2.03 billion of assets under management. Among the 9 most similar advisory firms, Ifp Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.38 billion for 17,055 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Ifp Advisors doesn't advise any private funds.

Careers at Ifp Advisors, LLC

The company employs 432 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 268 employees are registered as investment adviser representatives with the state securities authorities.

There are 28 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Melissa Rilynn Loner joined the executive team most recently as the Cco.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Eugene Hamm	Chief executive officer	1 Aug 1995	50% - 75%	1227713
William Christopher Hamm	Chief operating officer	1 Jan 2013	Other	5814331
Karen L. Hamm	Senior vice president	1 Sep 2014	50% - 75%	4646980
Linda M Christina	Director of advisory compliance	1 Sep 2016	Other	4843900
Timothy Glenn Moyer	Chief compliance officer	1 Feb 2018	Other	2555859
Llc Ifp Group	Holding company	1 Jun 2018	75% - 100%	83-0959567
William Hugh Mccauley	Chief financial officer	1 Jul 2018	Other	5267440
Melissa Rilynn Loner	Cco	1 Jul 2019	Other	3271834

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Wkw Enterprises	S corp	1 Sep 2014	50% - 75%	38-3941204

Based in Tampa

The principal office where Ifp Advisors, LLC performs its advisory services is located at 3030 North Rocky Point Drive West, Tampa, FL 33607, which is also the mailing address of the firm. An additional office of the firm is in Phoenix, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 813-341-0960 or by fax 813-288-0701. The normal business hours are 8:00 am-5:30 pm on Monday - Friday. You can find more information about the New York firm at wealth.emaplan.com/ema/lpl/acheson and its LinkedIn profile.