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.”