IFP and FactRight Announce Partnership to Evolve Advisor Access to Alternatives

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A leading provider of due diligence, FactRight announces partnership with IFP, a multi-custodial advisory firm, to provide them with product and ongoing diligence solutions.

By partnering with FactRight, we’re continuing to build out strategic advantages for our advisors and their clients with technological, compliance, and operational support that puts our advisors on a whole new level.

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FactRight, LLC, an expert in due diligence support and training solutions service for firms and advisors looking for greater success with alternative investments, announced its latest advisory partnership with Independent Financial Partners (IFP), a multi-custodial RIA with hundreds of advisors specializing in wealth management and retirement plan consulting. IFP has engaged FactRight to provide product due diligence, ongoing due diligence, and program training to better support advisor opportunities. This partnership is IFP’s latest step in its preparations to launch its own broker-dealer, IFP Securities, LLC, which was recently approved by FINRA and will begin operations in May.

Interest in alternative investments continues to rise, particularly fueled by concerns that the bull market is coming to a close. “The current rally has already outlasted the boom of the 1990s,” said Scott Smith, CEO of FactRight. “Alternatives such as real estate, private equity, or private debt do not correlate to publicly traded investments, so they can help advisors provide greater stability in a volatile stock market.”

According to a 2018 survey by iCapital Network, 87 percent of advisors planned to maintain or increase client exposure to alternatives in the next year, with investment returns and diversification listed as the most important reasons for choosing alternatives. A report from PwC report underscores this interest, predicting that alternative investments will eclipse $21 trillion in assets by 2025 and expand from 5 percent of global assets under management to 15 percent. Yet advisors continue to report access to high-quality alternatives as an obstacle in developing new portfolios.

“Technology, new product structures and education are removing many of the barriers associated with investing in alternatives, but certain characteristics inherent to alternative investments that drive performance, like longer investing time frames, will remain,” said Tom Fortin, managing partner and chief operating officer at iCapital, in a statement on the survey results. “This places a greater emphasis on portfolio construction expertise for advisors seeking to reap the return and diversification benefits of alternatives.”

It is exactly these kinds of operational opportunities that are motivating developments at the newly independent IFP. “We are preparing to turn the broker-dealer and RIA industry on its head with major changes to the supports and systems that advisors and clients receive. By partnering with FactRight, we’re continuing to build out strategic advantages for our advisors and their clients with technological, compliance, and operational support that puts our advisors on a whole new level,” said Chris Hamm, chief operating officer at IFP.

About IFP:
IFP is an SEC registered investment advisor (RIA) and an office of supervisory jurisdiction (OSJ) that works directly with its network of financial advisors to provide them technological, compliance, marketing, business development, and operational support. As of Dec. 31, 2017, IFP’s hundreds of advisors have more than $40 billion in assets under advisement. The firm has annually earned the trusted CEFEX certification for investment support services for adhering to the industry’s best practices since 2014. For more information, visit http://www.ifpartners.com.

About FactRight, LLC:
Established in 2006, FactRight and its affiliated entities are leading providers of third-party due diligence, compliance, risk management, and specialized consulting services for financial firms looking to invest in alternative investments. Since its inception, FactRight has helped turn complex data into easily understandable and readily accessible information that companies can apply to grow and diversify through alternative investments. FactRight addresses the need for more risk management and due diligence support and training related to alternative investments while offering a safety net of protection and security for firms and advisors. The company is also committed to supporting reps and advisors in their quest for transferable, client-focused data. FactRight brings services like risk management and due diligence onto one cohesive platform to deliver real-time information and customized advice, along with training and support for reps and advisors to build confidence and fuel success with alternative investments.


Scott Smith, President and CEO
FactRight, LLC
7500 Flying Cloud Drive, Ste. 755
Eden Prairie MN, 55344
(612) 284-6150

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FactRight, LLC
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