Florida Investment Advisors, a former affiliate of The Bank of Tampa Bay, has spun off and created a new hybrid RIA firm called Wealth Advisors of Tampa Bay.

The firm will specialize in planning around the investment, retirement and insurance needs of the area’s working professionals and families nearing retirement, according to a company announcement.

Further, the firm will be directly affiliated with LPL Financial, according to Fenn Giles president and partner of Wealth Advisors of Tampa.

“We can now approach the individual wealth management needs of our clients with complete objectivity and transparency,” Giles says. “The added variety of tools, resources and technology through our relationship with LPL Financial allows us to drive results and optimize personalized investment strategies.”

The firm has two other partners: Robert Martin, CFP, also senior portfolio manager and Lori Nadglowski, COO.

Donna Mitchell writes for Financial Planning.