Core Insights - Independent Financial Partners (IFP) has successfully added a five-advisor team from Commonwealth Financial Network, managing over $700 million in client assets, marking a significant transition for the firm [1][2]. Group 1: Team Transition - CenterBridge Planning Group, led by Jeff McCabe and others, represents one of IFP's largest single-team transitions to date, operating from Syracuse and Lockport/Buffalo, N.Y. [2] - The transition reflects a broader trend of Commonwealth advisors migrating to IFP, especially following Commonwealth's acquisition by LPL Financial [4]. Group 2: Competitive Advantages - IFP's appeal to the CenterBridge team was largely due to the freedom to customize technology and maintain multi-custodian access without additional fees or constraints, which is seen as essential for client service [3]. - The culture at IFP, along with access to leadership and the Project 3.14 value participation program, were significant factors in the team's decision to join IFP [3]. Group 3: Strategic Initiatives - Project 3.14 was inspired by the experiences of advisors who faced challenges during transitions to larger organizations, emphasizing IFP's commitment to ensuring advisors share in the value they create [4]. - IFP's history as a super office of supervisory jurisdiction of LPL and its subsequent separation to launch its own broker/dealer in 2019 highlights its strategic evolution and independence [4].