ING U.S. announced Thursday that it has named Thomas Halloran as president of its registered broker-dealer, ING Financial Partners.
Most recently a managing director at Bank of America Merrill Lynch, 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 reps that offer planning and advice to their clients.
Halloran, who begins his new role on Nov. 18, will be responsible for the overall management, strategy and growth of IFP, which is currently a top 10 broker-dealer in the U.S. in terms of total licensed reps. 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.
“As the need for holistic financial planning and guidance continues to grow, we know that many advisors must shift from a product-centric client approach to one centered on building relationships,” said Halloran, in a statement. “From retirement income training and practice management resources, to a new industry leading advisory platform and personal finance aggregation tools, IFP is making important investments to support the needs of its representatives and the clients they serve.”
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, which ING says is “an important focus of the company.”
Halloran comes to ING U.S. with 25 years' working with financial advisors in various marketing and sales leadership roles, 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.
“Throughout his career, Tom has been a consistent catalyst for growth, delivering innovative solutions that meet the needs of the advisors he served. His experience as a collaborative and results-oriented leader will help further define IFP as a prominent provider of advice and planning services,” noted Linton, in a statement.”