PORTLAND, Ore., Oct. 14, 2014 — tru Independence, a premier consulting and services platform for wealth management firms seeking independence, announces its partnership with Integrated Advisors Network (IAN), a Registered Investment Advisor (RIA) offering a “supported independence” business model to RIAs while allowing them to maintain complete ownership of their practices. The strategic relationship will enable both break away brokers looking to start their own investment advisory business, as well as those with already established and growing advisory practices, to access the resources needed to thrive over the long term.
IAN, which officially launched last month, will utilize tru Independence’s services and infrastructure to provide a customized, open-architecture platform accessible from anywhere with an Internet connection, as well as around-the-clock technical support. IAN’s back-office technology and consulting platform offers assistance with compliance oversight, billing and client reporting, practice management, marketing strategies, business lending, human resources/payroll and additional aspects of running an advisory business. IAN also allows RIAs on its platform to create and keep personal brands for their businesses, and will work with tru Independence to help RIAs facilitate and strengthen relationships with custodians.
“RIAs previously considered too small to go independent, or benefit from consulting and technology platforms, now have a viable outlet to become self-sustaining entrepreneurs—who can grow their businesses while enjoying the freedom to focus on their core mission of serving clients,” said Craig Stuvland, Chief Executive Officer and President of tru Independence. “We look forward to working with Integrated Advisors Network to deliver our resources to an often overlooked and underserved segment of the RIA universe.”
IAN was established by a team of seasoned professionals with wide-ranging expertise. Jeff Groves, CEO and Partner, has more than 20 years of experience in the financial services industry, including tenure as partner of a dually-registered investment advisor and broker-dealer. Eight years ago, he formed ComplianceWorks Inc., a financial services compliance consulting firm which has guided over 160 investment advisors, broker-dealers, private-equity firms and hedge funds through regulatory and business challenges.
IAN’s Chief Operating Officer and Transition Consultant, Linda Pix, has more than 20 years industry experience, six of which were spent helping hundreds of RIAs establish and grow their businesses as Vice President of Sales and Relationship Management at Fidelity Investments Institutional Wealth Services. She also served as Vice President for Western Regional Sales at MarketCounsel.
The IAN team also includes a marketing specialist, Chief Marketing Officer and Partner Tracy Fitzpatrick, who has worked with financial services and technology clients such as Bank of America and the National Aeronautics and Space Administration (NASA) during her consulting career.
“Our strategic relationship with tru Independence allows us to help growing advisors take their businesses to the next level,” said Mr. Groves. “Working together, our firms will create a full-service suite for startup entrepreneurs in the RIA space—offering everything from compliance oversight to around-the-clock tech support and marketing strategies. We want advisors to succeed, and with tru Independence’s platform, we can help independent RIAs expand their businesses while remaining in control of their destiny.”
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About tru Independence
Through uncompromising investment in people and technology, tru Independence delivers the premier consulting and services platform for wealth management firms seeking independence. We diligently focus on and invest in our three core disciplines of investment consulting, business consulting and new business development.
To deliver unrivaled excellence, we leverage key relationships by outsourcing to the best providers and platforms. Our consultative sales process is defined by simplicity, clarity and transparency, grounded on the belief that our partners can best control their future by owning the equity of their firms. Drawing upon our decades of industry experience, we are committed to ensuring that our partners maximize their enterprise value. For more information, please call 971-371-3448 or visit us at www.tru-ind.com.
About Integrated Advisors Network
Integrated Advisors Network (IAN) is a Securities and Exchange Commission-registered investment advisor offering a “supported independence” business model to advisors who want to run their own business without bearing all of the cost and responsibilities associated with doing so. Through our strategic business alliances, IAN provides an integrated back-office technology and services platform that allows advisors to establish their personally branded investment advisor practice, while leveraging the benefits of shared cost.
We have created a unique and flexible environment that supports advisors during and after their transition to independence, and allows them to do what they do best: service their clients. For more information, please call 855-729-4222 or visit us at www.integratedadvisorsnetwork.com.