Independent Financial Group, LLC

Independent Financial Group, LLC is a dual‑registered broker‑dealer and SEC‑registered investment adviser that offers brokerage, portfolio management, financial planning, and retirement plan services to individuals (including high‑net‑worth clients), charities, corporations and plan sponsors. The firm reports approximately $11.3 billion in regulatory assets under management and distributes advisory services through a national field force of several hundred Investment Adviser Representatives (IARs).

IFG makes advisory programs available via its AccessPoint platform (administered through Envestnet) and through relationships with third‑party asset managers, with custody and execution provided by Pershing or Schwab depending on the program. Client investment profiles are determined using risk‑tolerance tools and are implemented across multiple program options (AccessPoint models, AP, FSP, SMA, UMA, and TPAM), with accounts managed on either a discretionary or non‑discretionary basis and IARs able to select among model portfolios and third‑party managers.

Compared with many enterprise advisers, IFG maintains a substantive broker‑dealer operation and discloses that many IARs are dually licensed and that the firm continues to facilitate commission‑based transactions and promoter/co‑adviser relationships with TPAMs, alongside asset‑based advisory programs; the brochure also describes platform and third‑party economic arrangements (for example, Pershing FundVest participation, cash sweep and bank‑loan compensation) that the firm says create potential conflicts of interest. The firm’s disclosures note it serves less common client types for an enterprise RIA—including banking/thrift institutions, other investment adviser clients and sovereign wealth clients—and describe prior regulatory matters (including a 2018 SEC matter related to 12b‑1 disclosures and 2024 FINRA actions) that prompted supervisory and policy changes.