Investment Professionals, Inc. Acquires Nexity Financial Services' Bank Brokerage Relationships

SAN ANTONIO, Oct. 4 Leading bank broker-dealer Investment Professionals, Inc. (IPI) today announced the acquisition of the bank relationships of Nexity Financial Services, Inc. ("NFS"), the wealth management division of Nexity Financial Corporation.  Will Mackey, former CEO and founder of NFS, will become IPI Director of Business Development responsible for building new financial institution relationships and recruiting financial consultants.  David Doerflinger, former CFO and COO of NFS, will become an IPI Senior Business Development Officer and Regional Director.

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The acquisition of NFS' bank brokerage relationships underscores IPI's laser focus on providing best-in-class products and services to its partners in community financial institutions.  "We are excited about the opportunities this move presents for the continued growth of our bank-focused brokerage business and helping our bank partners grow their investment programs," said Jay McAnelly, IPI President and Chief Executive Officer. 

IPI's mission is to boost the bottom lines of financial institutions by helping their customers prepare for a more secure financial future.  The bank broker-dealer drives revenue by offering more ways to meet more customer needs and helping banks capture their share of the trillions of dollars that will transfer to baby boomer heirs over the next 20 years.  In 2009 IPI was named the Most Highly Rated Bank Brokerage Firm in the country(1) for an unprecedented fourth time – and the firm routinely gets very high marks for investments knowledge, quality of training and customer service.  

About Investment Professionals, Inc.

Founded in 1992, IPI is a private, Texas-based financial planning, asset management and risk mitigation firm with $4.2 billion under management for 45,000 retail and institutional clients nationwide.  IPI is a leading provider of on-site bank investment programs and currently partners with more than 130 financial institutions with assets in the range of $35 million to over $7 billion.  IPI also has three retail branches in Texas.  For more visit www.invpro.com

In seven American Brokerage Consultants' Studies of Bank Brokerage and Retail Investment Services over 12 years from 1997-2009, bank executives nationwide cast over 2,200 votes overwhelmingly in favor of IPI.(1) In 2008 IPI was voted the Most Highly Rated Bank Brokerage Firm in the country for an unprecedented fourth time. IPI is one of the fastest-growing companies in San Antonio(2) and has been named one of the Best Companies to Work for in Texas for four years in a row.(3)

NO BANK GUARANTEE | NOT FDIC INSURED | MAY LOSE VALUE All Securities and Advisory Services offered through Investment Professionals, Inc. (IPI), a Registered Broker/Dealer & Registered Investment Advisor and member FINRA & SIPC. The investment services offered by IPI are in no way affiliated with or offered by the bank or credit union where IPI may maintain an office. IPI, or its affiliates, does not offer or provide legal or tax advice. Please consult your attorney and/or tax advisor for such services. The products offered by Investment Professionals, Inc. are not insured by the FDIC, the NCUA or any other agency of the government, are not deposits or other obligations for the bank or guaranteed by the bank and involve investment risks, including possible loss of principal amount invested. Source 1: 1997 through 2008 national "Studies of Bank Brokerage and Retail Investment Services" conducted by American Brokerage Consultants (ABC), St. Petersburg, FL, and Bank Investment Consultant Magazine, New York, NY. In the most recent 2008 study, a total of 2,024 banks offering retail investment programs were surveyed and 14.6% responded. ABC asked banks to rank their individual investment programs; responses were aggregated and compared against the results of all broker-dealers in the survey. Past ABC rankings may not be indicative of future rankings. Source 2: San Antonio Business Journal. Rankings based on three-year annual revenue growth rates of companies headquartered in greater San Antonio. Data analysis by an independent auditing firm. Source 3: 2009 study sponsored by the Texas Association of Business, TSCSHRM and Best Companies Group. Confidential survey and data analysis conducted by an independent research firm. © 2010 Investment Professionals, Inc.

Contact info:  John Evans, 1-210-582-2799, [email protected]

SOURCE Investment Professionals, Inc.

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