For Immediate Release
April 1, 2013
Independent Financial Group Announces Financial Results
Notable year-end 2012 and Q1 2013 earnings poise the broker-dealer for another record year
San Diego, CA – Independent Financial Group, LLC (IFG) recently announced their financial highlights from the past two quarters. IFG ended 2012 with a 22% increase in revenue and a total gross revenue of just over $76 million. The first quarter of 2013 saw a total of $18 million in revenue and April 2013 was the strongest month ever for the growing broker-dealer. IFG has also added a total of 87 registered representatives, bringing their roster’s average production per rep to $175,000.00.
IFG’s affiliated financial advisors increased 2012 Fee-Based, Real Estate and Alternatives revenue 30% over the previous year while Variable Annuity sales increased to over $225 million, expanding variable annuity assets under management to over $1.9 billion.
Simultaneously, Mutual Fund sales grew to over $375 million, totalling mutual fund assets under management to $1.6 billion.
About Independent Financial Group
Independent Financial Group was founded in 2003 by Scott Heising. Along with his partners, David Fischer and Joe Miller, they serve the needs of independent financial representatives. As an independent broker-dealer firm, the company empowers representatives by giving them the flexibility and tools to meet the needs of their clients. The company now supports more than 500 independent registered representatives by offering premier service provided by an experienced
staff of 50 professionals. Their notable profits will be recognized in financial services industry publications throughout the year. Independent Financial Group is on track to end 2013 with an expected $90 million in revenue.
For more information on Independent Financial Group, LLC visit www.ifgsd.com or call (800) 269-1903.