Lorence Merritt
Lorence Merritt is a ChFC-designated registered investment advisor at Independent Financial Partners, based in Highland Park, IL, with 45 years of industry experience. Lorence operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Real Estate Investing. Their firm serves 45,782 clients with $13B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
IFP Advisors provides discretionary investment management services for ancillary accounts established in connection with direct real estate investments. These accounts are used for holding working capital or managing excess cash. Investments are limited to liquid, conservative instruments. The fees for these services are included in the real estate advisory fees.
Location
Highland Park, IL
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Lorence serves on a community, civic, and charitable board, dedicating minimal time. He also works as a registered investment advisor with Independent Financial Partners, spending nearly full-time providing financial advice for a fee based on assets under management, and is a broker with IFP Insurance Group, spending minimal time.
Employment History
Current Registrations
Independent Financial Partners
Previous Registrations
LPL Financial LLCBroker
Sheridan Road Advisors, LLC
Nrp Advisors, INC.
Nrp Financial, INC.Broker
Nrp Financial, INC.
AXA Advisors, LLC
AXA Advisors, LLCBroker
The Equitable Life Assurance Society of the United StatesBroker
State Registrations1 state
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