Invest Financial Corporation

Invest Financial Corporation: A Legacy of Innovation in Financial Services

Invest Financial Corporation was an American broker-dealer that operated from 1982 to 2017. The company was known for its network of independent registered representatives who offered advisory services, investment products, and insurance products. Invest Financial Corporation was a pioneer in the industry, and its legacy continues to be felt today.

**Early Years and Innovation**

Invest Financial Corporation was founded in 1982 by Dan McConnell. McConnell was a visionary who saw the potential of offering financial services inside bank lobbies. In 1983, Invest Financial Corporation became the first firm to do so when it opened a branch in a Barnett Bank branch in Tampa, Florida.

This was a major innovation in the financial services industry. At the time, most people obtained their financial services from traditional brokerage firms or from their banks. However, traditional brokerage firms were often seen as intimidating and inaccessible to ordinary people. Banks, on the other hand, were often seen as stodgy and out of touch with the needs of modern investors.

Invest Financial Corporation's model of offering financial services inside bank lobbies addressed both of these concerns. The company's branches were located in convenient locations, and its representatives were friendly and approachable. This made it easy for people to get the financial advice and services they needed without having to go to a traditional brokerage firm or deal with their bank's impersonal customer service.

Invest Financial Corporation's model was so successful that it was soon copied by other firms. Today, it is common for banks to have branches of financial services firms such as Edward Jones or Merrill Lynch inside their lobbies.

**Growth and Expansion**

Invest Financial Corporation grew rapidly in the 1980s and 1990s. The company opened branches in banks across the United States, and it also expanded its product and service offerings. By the early 2000s, Invest Financial Corporation was one of the largest independent broker-dealers in the United States.

In 2006, Invest Financial Corporation was acquired by National Planning Holdings, Inc. (NPH). NPH is a broker-dealer holding company that also owned National Planning Corporation, Investment Centers of America, and SII Investments, Inc.

Following the acquisition, Invest Financial Corporation continued to operate as a separate entity. However, the company began to face challenges in the late 2000s. The financial crisis of 2008-2009 led to a decline in the demand for financial services, and Invest Financial Corporation was not immune to these effects.

**Legacy**

In 2017, NPH announced that it was selling the business of its independent broker-dealer network to LPL Financial LLC. The sale was completed on August 15, 2017, and Invest Financial Corporation ceased to operate as a separate entity.

Despite its closure, Invest Financial Corporation's legacy lives on. The company was a pioneer in the financial services industry, and its model of offering financial services inside bank lobbies is still used by many firms today. Invest Financial Corporation also helped to make financial services more accessible to ordinary people.

**Conclusion**

Invest Financial Corporation was an important part of the history of the financial services industry. The company's innovations helped to make financial services more accessible to ordinary people, and its legacy continues to be felt today.

**Additional Information**

* A list of Invest Financial Corporation's awards and recognitions

* A discussion of the challenges that led to the company's closure

* Information about the current whereabouts of Invest Financial Corporation's former employees

* Links to additional resources about Invest Financial Corporation

I hope this helps! Please let me know if you have any other questions.

Invest Financial Corporation was an American broker-dealer that operated from 1982 to 2017. It was known for its network of independent registered representatives who offered advisory services, investment products, and insurance products. The company was headquartered in Tampa, Florida, and had a subsidiary called Investment Centers of America.

Invest Financial Corporation was founded in 1982 by Dan McConnell and was the first firm to offer securities inside a bank lobby. The company was acquired by National Planning Holdings, Inc. (NPH) in 2006. NPH is a broker-dealer holding company that also owned National Planning Corporation, Investment Centers of America, and SII Investments, Inc.

Here are some additional facts about Invest Financial Corporation:

* It was registered with the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC).

* It had approximately 165 employees.

* It offered a variety of investment products and services, including stocks, bonds, mutual funds, annuities, and insurance.

I hope this information is helpful. Please let me know if you have any other questions.