A dead-end company with cheap management
Pros
An opportunity to offer some Alternatives, yet the only real viable Alt was a healthcare REIT by CNL which is no longer available. Who wants to put their clients into warehouse, hospitality or industrial REITS. What a waste.
Cons
IPI is run by leadership that is in place to serve themselves and not customers. Financial Advisors are strongly urged to push high commission, low liquidity, higher risk products and there are few innovative, creative, conservative investments to choose from for bank clients. Also FA's are forced to go outside of the bank to find customers in most situations, yet the bank still receives their 1/3rd cut and IPI receives their 1/3rd cut. Why join a bank-based broker dealer if the bank gets to partake in all of your deals outside the bank? What a bunch of shysters!
