Investment Professionals, Inc. Adds Two Fixed Income Hires

SAN ANTONIO, Aug. 26 /PRNewswire/ -- Leading bank broker-dealer Investment Professionals, Inc. (IPI) today announced the hiring of James "Tony" Beigel as a Fixed Income Trader and Erol Bitela as an Institutional Fixed Income Dealer Sales Rep.  With these hires IPI underscores its commitment to providing best-in-class products and service to Registered Investment Advisors (RIAs).  Mr. Beigel has over 24 years' experience in the financial services industry.  Prior to joining IPI, he was an Internal Wholesaler at Advisors Asset Management.  

IPI offers a compelling value proposition to RIAs, especially those who have recently left large wirehouses.  These RIAs were accustomed to very high levels of service but lower payouts.  As independents they enjoy higher payouts and can count on IPI to provide the same high service levels they need to free them to focus on asset gathering.  IPI is widely acknowledged in its market segment for excellence in Customer Service as well as in numerous other areas that drive RIA revenue. (1)

Through IPIBonds.com the bank broker-dealer offers access to the inventory of over 150 dealers and more than 20,000 fixed income securities daily, competitive pricing and efficient execution.  In addition, IPI provides customized analytical support for bond laddering, structured products and diversification strategies and direct access to fixed income traders.  An advanced trading platform and 360 degree dedicated operations support enable IPI to help RIAs meet strong demand for the fixed income asset class and service them in ways that can help them grow their practices.

"IPI is the ideal partner for RIAs – as broker-dealers go, we're as independent as they come, so we really relate to how RIAs operate and what they need," says John Sacchetti, IPI Senior Vice President and Fixed Income Director.  "For 18 years IPI has been run by our owners and principals.  We're not a subsidiary of a larger organization so we don't compete with other business lines for resources or impose pressure to sell the products of a corporate parent or affiliate."  

"We're extremely pleased with the execution to date of our firm's fixed income strategy under the direction of John Sacchetti," said Jay McAnelly, IPI President and Chief Executive Officer.  "Our strong fixed income capabilities complement the steady growth of our core bank investment program segment, where easy access to on-site IPI financial advisors and the entire IPI team gives bank treasury departments an incentive to explore the benefits of working with IPI in several areas."

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 information, visit www.invpro.com.

(1) "Studies of Bank Brokerage and Retail Investment Services", American Brokerage Consultants, 2009

SOURCE Investment Professionals, Inc.

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