January 25, 2015 9:37 PM ET

Capital Markets

Company Overview of ING Financial Partners Inc.

Company Overview

ING Financial Partners, Inc. provides programs, technology, products, and support to help financial individuals and institutions in the United States. It offers retirement programs to employers in corporate, government, healthcare, not-for-profit, and education markets; life, and group and voluntary insurance products; financial planning services; mutual funds; research services; annuities; and brokerage execution, clearance, and investment products and services. The company also provides business processing, contracting, and commission support services, as well as broker services for life insurance and fixed and variable annuities; and long-term care, disability, and health insurance. In ad...

909 Locust Street

Des Moines, IA 50309-3700

United States

Founded in 1968





Key Executives for ING Financial Partners Inc.

Head of Advisory Business Development
Head of Brokerage Operations
Compensation as of Fiscal Year 2014.

ING Financial Partners Inc. Key Developments

ING U.S. Hires Thomas Halloran as Head of ING Financial Partners

ING U.S. announced that it has hired Thomas Halloran as president of its registered broker-dealer, ING Financial Partners (IFP). The IFP broker-dealer, part of ING U.S.'s family of companies, offers retail financial products, services and support to clients through a network of over 2,400 affiliated representatives across the country. These offerings include education, financial planning and a broad range of personalized asset accumulation, protection and distribution solutions to help advance the retirement readiness and financial security needs of Americans. In his role, Halloran will be responsible for the overall management, strategy and growth of IFP, which is currently a top ten broker-dealer in the United States in terms of total licensed representatives. Halloran will be based in ING U.S.'s Braintree, Mass. office and report to Rich Linton, president of Individual Markets for ING U.S. Retirement Solutions. Halloran's position is effective November 18, 2013. Halloran replaces Karl Lindberg, who will take on a new role developing and overseeing IFP's evolving advisory practice, infrastructure and service model in support of its growing number of registered representatives that offer planning and advice to their clients. Lindberg will also manage the program roll-out and ongoing service delivery to IFP advisors participating in retirement readiness engagements with ING U.S.'s plan sponsor clients and their participants, an important focus of the company. An industry veteran, Halloran comes to ING U.S. with 25 years working with financial advisors in various marketing and sales leadership roles. Halloran most recently served as managing director at Bank of America Merrill Lynch, where he developed advisory solutions for the mass affluent customer segment. Previously, Halloran held positions of increasing responsibility at Putnam Investments.

The Financial Industry Regulatory Authority Fines Five ING Firms $1.2 Million for Email Retention and Review Violations

The Financial Industry Regulatory Authority, Inc. announced that it has fined five affiliates of ING $1.2 million for failing to retain or review millions of emails for periods ranging from two months to more than six years. The five firms, indirect subsidiaries of ING Groep N.V., are Directed Services, LLC; ING America Equities, Inc.; ING Financial Advisers, LLC; ING Financial Partners, Inc.; and ING Investment Advisors, LLC. FINRA found that the firms failed to properly configure hundreds of employee email accounts to ensure that the emails sent to and from those accounts were retained and reviewed at various times between 2004 and 2012. In addition, four of the firms failed to set up systems to retain certain types of emails, such as emails using alternative email addresses, emails sent to distribution lists, emails received as blind carbon copies, encrypted emails and 'cloud' email (emails sent through third-party systems). As a result of these failures, emails sent to and from hundreds of employees and associated persons were not retained; and because the emails were not retained, they were not subject to supervisory review. In addition, four of the firms failed to review millions of emails that the firms' email review software had flagged for supervisory review. At various times between January 2005 and May 2011, nearly six million emails flagged for review went un reviewed by supervisory principals because the email review software was not properly configured. In concluding the settlement, the firms neither admitted nor denied the charges, but consented to the entry of FINRA's findings. FINRA found that the firms violated the recordkeeping provisions of the federal securities laws and FINRA rules, and supervisory requirements under FINRA rules. FINRA also ordered the firms to conduct a comprehensive review of their systems for the capture, retention and review of email, and to subsequently certify that they have established procedures reasonably designed to address and correct the violations. FINRA's investigation was conducted by the Departments of Enforcement and Member Regulation. Investors can obtain more information about, and the disciplinary record of, any FINRA-registered broker or brokerage firm by using FINRA's BrokerCheck.

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