Invest Financial Corporation (styled by the company in its own literature as INVEST Financial Corporation) was an

American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...

broker/dealer. Invest supervises and supports both financial institutions and independent registered representatives who offer advisory services,

investment Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing i ...

and insurance products. Invest was formed in 1982 under Dan McConnell and was the first firm to offer

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

inside a bank lobby. Invest had over $24 billion in

assets In financial accountancy, financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value ...

managed by over 1,200 Advisers who are registered with Invest. Invest’s total registered advisers accounted for 1,136

full-time Full-time or Full Time may refer to: * Full-time job, employment in which a person works a minimum number of hours defined as such by their employer * Full-time mother, a woman whose work is running or managing her family's home * Full-time fat ...

advisers and 274

part-time Part-time can refer to: * Part-time job, a job that has fewer hours a week than a full-time job * Part-time student, a student, usually in higher education, who takes fewer course credits than a full-time student * Part Time Part Time (styliz ...

advisers in approximately 150 Financial Institutions. Invest Corporate Office is located in

Tampa, Florida Tampa () is a city on the Gulf Coast of the United States, Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and ...

and employed over 165 staff members who support

financial adviser A financial adviser or financial advisor is a professional who provides financial services to clients based on their financial situation. In many countries, financial advisors must complete specific training and be registered with a regulatory ...

History

Formed and solely-owned by Dan McConnell in 1982, Invest Financial was later bought by Brentwood Securities. Brentwood changed its name to Investment Services for America (ISFA) – ISFA Holding Company. Kemper Financial, a major

shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal own ...

of ISFA sold Invest to

First American National Bank First American National Bank was a subsidiary of First American Corporation, a financial institution based in Nashville, Tennessee, that served the states of Tennessee, Kentucky, Georgia and Virginia. It was headquartered in the First American ...

in 1996. First American National Bank was then bought by AmSouth Bank in mid-1999. In 2000, Invest was sold by AmSouth Bank to National Planning Holdings (NPH) and is still a subsidiary of the corporation. Under the NPH umbrella, in 2004, Invest implemented EOE software and E-Sign technology. EOE is a network of online forms, electronic blotters, and basic compliance checks that representatives use when working with clients. E-Sign, a part of EOE, allows representatives to get client signatures for documentation on an electronic pad, eliminating paperwork.

Key dates

*1982 – Founded and solely-owned by Dan McConnell, DBA Evergreen Securities. Bought by Brentwood Securities. Changed name to Investment Services for America (ISFA) – ISFA Holding Company. ISFA Holding bought by Coast Federal S&L and other S&Ls. *1985 – Kemper Financial becomes major shareholder of ISFA. *1992 – Invest exceeds 1000 reps *1996 – Zurich Kemper Investments sells Invest to First American National Bank. Invest acquires broker dealer ICA. *1999 – First American National Bank bought by AmSouth Bank; Rob Jacobsen is first Invest rep to exceed $1 Million. *2000 – AmSouth Bank sells Invest to National Planning Holdings. *2004 – Electronic Order Entry (EOE) and E-Signature (E-Sign) are introduced. *2005 – Invest exceeds $100 Million mark in revenues *2007 – Acquired PFIC Contracts *2008 – Paperless

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV i ...

processing. *2009 – Steve Dowden becomes CEO *2011 – Over 20 Representatives reach $1 Million *2012 – 30 years of business *2018- February 14, 2018, INVEST closes after being sold to LPL Financial.

Affiliations

Invest Financial Corporation is a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

of National Planning Holdings, Inc. (NPH) a broker-dealer holding company headquartered in

Santa Monica, California Santa Monica (; Spanish language, Spanish: ''Santa Mónica'') is a city in Los Angeles County, California, Los Angeles County, situated along Santa Monica Bay on California's South Coast (California), South Coast. Santa Monica's 2020 United Sta ...

. NPH is the

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

for four broker-dealers – Invest, National Planning Corporation, Investment Centers of America, and SII Investments, Inc. NPH is an affiliate of

Jackson National Life Insurance Company Jackson National Life Insurance Company (often referred to as simply Jackson) is a United States, U.S. company that provides annuities for retail investors and fixed income products for institutional investors. Jackson subsidiaries and affiliates ...

(Jackson), headquartered in

Lansing, Michigan Lansing () is the capital of the U.S. state of Michigan. It is mostly in Ingham County, although portions of the city extend west into Eaton County and north into Clinton County. The 2020 census placed the city's population at 112,644, making ...

. It has $165.4 billion in assets (IFRS). The company also offers institutional products. NPH and Jackson are indirect subsidiaries of

Prudential plc Prudential plc is a British Multinational corporation, multinational insurance company headquartered in London, England. It was founded in London in May 1848 to provide loans to professional and working people. Prudential has dual primary list ...

, a company incorporated and with its principal place of business in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...

. It provides insurance and financial services directly and through its subsidiaries and affiliates throughout the world. It has been in existence for over 160 years and has more than $685 billion in assets under management as of December 31, 2012. Prudential plc is not affiliated in any manner with

Prudential Financial, Inc. Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers ...

, a company whose principal place of business is in the United States of America.

Other

Invest has relationships with two independent clearing firms in the U.S. for brokerage accounts and processing trades - National Financial Services, LLC, a wholly owned subsidiary of Fidelity Investments and Pershing, LLC, a subsidiary of the Bank of New York Company, Inc.Online Accounts
INVEST Financial Corporation. 2013

References

External links

* {{Official website, https://www.investfinancial.com/private/Welcome.nph American brokers