With 478 advisors in 40 states, Independent Financial Partners is LPL's largest branch, but the Tampa, Fla., based firm certainly won't rest on those laurels.

Currently, the overwhelming majority of its advisors are hybrids, who can be compensated by fees or commissions. Less than a dozen IFP advisors are fee-only, according to William Hamm Jr., the company's CEO, but that is about to change.

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