Form CRS
1. Introduction
Independent Investment Bankers Corp is registered with the Securities and Exchange Commission as an Investment Adviser and as a Broker-Dealer. It is a member of FINRA and the Securities Investor Protection Corporation.
Brokerage and investment advisory services and fees differ, and it is important for you to understand the differences. The SEC offers free and simple tools to research firms and financial professionals at Investor.gov/CRS which also provides information tailored to educate retail investors about financial professionals.
2. Relationships and Services
What investment services and advice can you provide me?
Our firm offers private placement investments and investment advisory services to investors.
Our investment adviser firm offers non-discretionary services listed below, which means that you make the ultimate decision regarding the purchase of investments.
- Investment Adviser Solicitor referral — our firm does not monitor your accounts. We select an asset manager with you.
For additional information including minimum investment amounts, please see https://www.adviserinfo.sec.gov/IAPD/default.aspx for our Form ADV, 2A brochure (Items 4 and 7 of Part 2A or Items 4.A. and 5 of Part 2A Appendix 1). For our Regulation BI disclosure contact hgoddard@iibcorp.com.
Our broker-dealer firm offers non-discretionary services listed below, which means that you make the ultimate decision regarding the purchase or sale of investments.
- Private Placement offerings — our firm does not monitor your accounts. Private Placement securities are recommended to qualified investors.
Conversation starters. Ask your financial professional:- Given my financial situation, should I choose an investment advisory service? Should I choose a brokerage service? Should I choose both types of services? Why or why not?
- How will you choose investments to recommend to me?
- What is your relevant experience, including your licenses, education and other qualifications?
- What do these qualifications mean?
3. Fees, Costs, Conflicts and Standard of Conduct
What fees will I pay?
Our advisory fees are disclosed in our Form ADV Part 2A. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. Some fees create a conflict of interest described below.
We receive referral fees from Investment Advisers. We mitigate the conflict of interest by disclosing to you in advance, all fees charged by any advisor you select with our assistance. For more detailed information about our fees and costs please review our Form ADV, Part 2A brochure (specifically Items 5.A., B., C., and D.) which can be found at https://www.adviserinfo.sec.gov/IAPD/default.aspx.
For Private Placement Securities, IIB representatives will be paid a commission on the amounts invested. ∙The commission rate is normally between 3 and 10% of the amount invested, with 5-7% of the gross amount invested being typical. For more detailed information about our broker-dealer fees and costs please review our Regulation BI disclosure and Fee Schedule in offering documents. You can contact hgoddard@iibcorp.com for more information.
Conversation starters. Ask your financial professional:- Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
- What are your legal obligations to me when providing recommendations as my broker-dealer or when acting as my investment adviser?
- How else does your firm make money and what conflicts of interest do you have?
Conflicts and Mitigation
When we refer you to an investment adviser, we are obligated as a fiduciary to put your interests ahead of ours. At the same time, our firm makes money by referring you to money managers that compensate us for the referral and therefore have an incentive to offer this service to you.
Private Placements are sold on a commission basis, charged as a percentage of the amount invested. There is a financial incentive to recommend to you as large an investment as possible in a private placement we offer.
Conversation starters. Ask your financial professional:- How might your conflicts of interest affect me, and how will you address them?
- Are you subject to ethical standards or regulatory oversight?
4. Disciplinary History
Our firm does not have disciplinary history. Information about our firm is addressed in our Form ADV or Form BD. Visit https://brokercheck.finra.org/ advisory services to investors.
Our investment adviser firm offers non-discretionary services listed below, which means that you make the ultimate decision regarding the purchase of investments.
Conversation starters. Ask your financial professional:- As a financial professional, do you have any disciplinary history?
- Who is my primary contact person?
- Is he or she a representative of an investment adviser or a broker-dealer?
- Who can I talk to if I have concerns about how this person is treating me?
Contact IIB