barr janet resume

Updated On: 12/10/13

Updated By: EDM

Item 1 Cover Page

Form ADV Part 2B: Brochure Supplement

December 10, 2013

Janet Barr, MS, ChFC®, CLU

®, CDFA, CFS, CAS, CIS, CES

206 East Victoria Street

Santa Barbara, CA 93101

(805) 965-0101

[email protected]

Independent Financial Partners

3030 North Rocky Point Drive West

Suite 700

Tampa, FL 33607

(813) 341-0960

FIRM CONTACT: John Whisenant, Chief Compliance Officer

FIRM WEBSITE ADDRESS: www.ifpartners.com

This brochure supplement provides information about Janet Barr that supplements our

brochure. You should have received a copy of that brochure. Please contact John

Whisenant if you did not receive our brochure or if you have any questions about the

contents of this supplement.

Additional information about Janet Barr is available on the SEC’s website at

www.adviserinfo.sec.gov.

http://www.adviserinfo.sec.gov/

Independent Financial Partners ǀ Form ADV Part 2B ND

Item 2 Educational Background and Business Experience Our firm must disclose if Janet Barr has no high school education, no formal education after high

school, or no business background. We may list any professional designations held by Janet

Barr, we must provide you with a sufficient explanation of the minimum qualifications required

for each designation to allow you to understand the value of the designation.

Therefore, we are required to disclose the following information about Janet Barr:

Name: Janet Leann Barr

Year of Birth: 1962

Formal Education after high school:

MS, Institute of Business & Finance, La Jolla, CA

BA, University of California, Santa Barbara, CA

Business Background (including an identification of the specific positions held for the preceding

five years):

August 2012 – Present, Investment Advisor Representative, Independent Financial Partners

January 2006 – Present, Registered Principal and Registered Representative, LPL Financial

June 2006 – Present, Investment Advisor Representative, Collaborative Financial Solutions

Designation: Chartered Financial Consultant (ChFC)

Issuing Organization: The American College

Prerequisites/Experience Required: Must complete three years of full-time business

experience within the five years preceding the awarding of the designation.

Educational Requirements: Must complete seven core and two elective courses, equivalent of

27 semester credit hours.

Continuing Education: 15 hours every two years

Designation: Chartered Life Underwriter (CLU)

Issuing Organization: The American College

Prerequisites/Experience Required: Must complete three years of full-time business

experience within the five years preceding the awarding of the designation.

Educational Requirements: Must complete five core and three elective courses, equivalent of

24 semester credit hours.


The CLU® and ChFC® trademarks are the sole property of The American College and are subject to all applicable

state, federal and international trademark laws.

Designation: Certified Divorce Financial Analyst (CDFA)

Issuing Organization: The Institute for Divorce Financial Analysts

Prerequisites/Experience Required: Must complete two years of experience in the financial

services field.

Educational Requirements: Must complete a self-study course.



Designation: Certified Fund Specialist (CFS)

Issuing Organization: Institute of Business & Finance

Prerequisites/Experience Required: Must meet one of the following requirements: A

bachelor’s degree; or One year of financial services work experience

Educational Requirements: Must complete a self-study program consisting of six modules


Designation: Certified Annuity Specialist (CAS)


Prerequisites/Experience Required: Must meet one of the following requirements: A

bachelor’s degree; or One year of financial services work experience

Educational Requirements: Must complete a self-study program consisting of six modules


Designation: Certified Income Specialist (CIS)


Prerequisites/Experience Required: Must complete 2,000 hours or more work experience in

the financial services industry or a bachelor’s degree from an accredited college or university.

Educational Requirements: Must complete self-study program consisting of six modules

within 15 weeks.


Designation: Certified Estate and Trust Specialist (CES)


Prerequisites/Experience Required: Candidate must meet one of the following requirements:

Bachelor’s degree or 2000 hours of financial services work experience.

Educational Requirements: Candidate must complete Self Study Program (six modules)


Item 3 Disciplinary Information

If there are legal or disciplinary events material to your evaluation of Janet Barr, we are required

to disclose all material facts regarding those events.1

We have nothing to disclose in this regard.

1 Note: Our firm may, under certain circumstances, rebut the presumption that a disciplinary event is material. If an

event is immaterial, we are not required to disclose it. When we review a legal or disciplinary event involving Janet

Barr to determine whether it is appropriate to rebut the presumption of materiality, we consider all of the following

factors: (1) the proximity of Janet Barr to the advisory function; (2) the nature of the infraction that led to the

disciplinary event; (3) the severity of the disciplinary sanction; and (4) the time elapsed since the date of the

disciplinary event. If we conclude that the materiality presumption has been overcome, we prepare and maintain a

file memorandum of our determination in our records. We follow SEC rule 204-2(a)(14)(iii) and similar state rules.


Item 4 Other Business Activities

A. If Janet Barr is actively engaged in any investment-related business or occupation, including

if Janet Barr is registered, or has an application pending to register, as a broker-dealer,

registered representative of a broker-dealer, futures commission merchant (“FCM”),

commodity pool operator (“CPO”), commodity trading advisor (“CTA”), or an associated

person of an FCM, CPO, or CTA, we are required to disclose this fact and describe the

business relationship, if any, between the advisory business and the other business.

1. If a relationship between the advisory business and Janet Barr’s other financial industry

activities creates a material conflict of interest with you, the SEC requires us to describe

the nature of the conflict and generally how we address it.

We have nothing to disclose in this regard.

2. If Janet Barr receives commissions, bonuses or other compensation based on the sale of

securities or other investment products, including as a broker-dealer or registered

representative, and including distribution or service (“trail”) fees from the sale of mutual

funds, we have to disclose this fact. If this compensation is not cash, we are required to

explain what type of compensation Janet Barr receives. We must explain that this practice

gives Janet Barr an incentive to recommend investment products based on the

compensation received, rather than on your needs.

Janet Barr is a registered representative with LPL Financial, a registered

broker/dealer and member of FINRA. In such capacity, Janet Barr may sell

securities through LPL Financial and receive normal and customary commissions as

a result of such purchases and sales. The client is under no obligation to purchase or

sell securities through Janet Barr on a commissionable basis. In addition, Janet

Barr may receive other compensation such as mutual fund or money market 12b-1

fees and variable annuity trails. The potential for receipt of commissions and other

compensation gives Janet Barr an incentive to recommend investment products

based on the compensation received, rather than on the client’s needs. To address

this, disclosure is made to the client at the time a brokerage account is opened

through LPL Financial, identifying the nature of the transaction or relationship, the

role to be played by LPL Financial and Janet Barr, and any compensation (e.g.,

commissions, 12b-1 fees) to be paid by the client and/or received by the registered

representative.

B. If Janet Barr is actively engaged in any business or occupation for compensation not

discussed in response to Item 4.A, above, and the other business activity or activities

provide a substantial source of Janet Barr’s income or involve a substantial amount of Janet

Barr’s time, we are required to disclose this fact and must describe the nature of that

business. If the other business activities represent less than 10 percent of Janet Barr’s time

and income, we may presume that they are not substantial.


Janet Barr is also an insurance agent. In such capacity, Janet Barr may offer fixed and

variable life insurance products and receive normal and customary commissions as a

result of any purchases made by clients. The client is under no obligation to purchase

fixed or variable life insurance through Janet Barr on a commissionable basis. In

addition, Janet Barr may receive other compensation such as fixed or variable life

trails. The potential for receipt of commissions and other compensation gives Janet

Barr an incentive to recommend insurance products based on the compensation

received, rather than on the client’s needs. To address this, disclosure is made to the

client at the time purchase is made, identifying the nature of the transaction or

relationship, the role to be played by Janet Barr, and any compensation (e.g.,

commissions, trails) to be paid by the client and/or received by the insurance agent.

Item 5 Additional Compensation If someone who is not a client provides an economic benefit to Janet Barr for providing advisory

services, we are required to generally describe the arrangement. For purposes of this Item,

economic benefits include sales awards and other prizes, but do not include Janet Barr’s regular

salary. Any bonus that is based, at least in part, on the number or amount of sales, client

referrals, or new accounts should be considered an economic benefit, but other regular bonuses

should not.

Janet Barr may receive non-cash compensation from product sponsors. Such

compensation may not be tied to the sales of any products. Compensation may include

such items as gifts valued at less than $100 annually, an occasional dinner or ticket to a

sporting event, or reimbursement in connection with educational meetings or marketing or

advertising initiatives. Product sponsors may also pay for education or training events that

she may attend. This practice gives Janet Barr an incentive to recommend investment

products based on the compensation received, rather than on the client’s needs.

Janet Barr may receive from LPL Financial production bonuses, stock options,

reimbursement of fees paid to LPL Financial for items such as administrative services, and

other things of value such as free or reduced-cost attendance at LPL Financial’s national

sales conference or top producer forums and events. Production bonuses, administrative

fee reimbursements, and awards for conference attendance are based on overall business

produced by Janet Barr and do not favor one product or program over others. The

awarding of stock options is based on total production, recurring revenue and growth rate

of production. Advisory fees are considered recurring revenue and, thus, there may be a

financial incentive for Janet Barr to recommend clients establish advisory accounts so that

Janet Barr will receive recurring revenue.


Item 6 Supervision

We are required to explain how we supervise Janet Barr, including how we monitor the advice

Janet Barr provides to you. Our firm has to provide the name, title and telephone number of the

person responsible for supervising Janet Barr’s advisory activities on behalf of our firm.

John Whisenant, Chief Compliance Officer of Independent Financial Partners, is

responsible for the overall compliance program of the firm. He may delegate certain

supervisory or compliance functions to an appropriate designee, but he is ultimately

responsible for the supervision of Janet Barr’s activities on a regular basis. Please contact

John Whisenant if you have any questions about Janet Barr’s brochure supplement at 813-

341-0960.

barr janet resume

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