SAN DIEGO, CA – Independent Financial Group, LLC (IFG) recently announced its end-of-year figures. IFG closed 2019 with $193.5 million in total gross revenue, representing an 11% increase from 2018 at $174.2 million. Average payout per advisor increased as well to $349,900 up from $322,600 in 2018.
Over the last ten years, IFG recognized a 325% increase in total gross revenue, up from $45.5 million in 2010. Adding to the acclaim, in 2019 IFG ranked #29 on Financial Advisor Magazine’s Top Independent Broker-Dealers by Revenue. Compared to the other companies on this list, IFG is the youngest company to reach the Top 30.
“We aren’t aiming to be the biggest company in the independent broker-dealer space,” says IFG Founder Scott Heising. “Being a private company means that we can look to attract only advisors of the highest caliber without resorting to M&A to grow our market share or stock price. Clearly this has resonated with financial advisors as we’ve grown faster than any other IBD over the decade.”
During the same ten-year period, IFG was a seven-time recipient of Inc. 5000 Fastest Growing Private Companies (2010-2016, also 2008), was ranked in the top five of all independent broker-dealers nationwide each year since 2014 in Wealth Management Magazine’s IBD Report Card including #1 overall in 2017, and has collected an assortment of recognitions from Financial Advisor Magazine, Investment Advisor Magazine, Investment News Magazine, and the San Diego Business Journal.
“As a company we’re still young enough to remember what it feels like to be the new kid on the block” comments IFG Co-Founder David Fischer. “That underdog mentality combined with our desire to be the gold standard in customer service for our advisors has been a staple of our identity. From where we started to where we are now just 17 years later, we couldn’t be prouder of what we’ve accomplished, and it’s all because we’ve attracted the right people.” Fischer adds.
About Independent Financial Group, America’s Finest Broker-Dealer®
Independent Financial Group, LLC serves the needs of independent registered representatives and financial advisors nationwide. Renowned for its first-class customer service, the company specializes in individual wealth management and institutional retirement plan solutions for their financial advisors. In 2018, IFG earned Wealth Management Magazine’s Industry Award for Corporate Social Responsibility & Diversity. IFG also gained Honor Roll status in Inc. Magazine’s Inc. 500|5000 list. IFG supports more than 620 independent registered representatives across the country with total firm assets in excess of $30B, as of January 2020. IFG was recently named San Diego’s 12th Largest Privately Held Company according to the San Diego Business Journal’s 2020 Book of Lists. To learn more about IFG, please visit https://publicifgsd.wpengine.com.