Independent Review Network Reviews - Now Available

  • The independent review network (IRN), a 501(c)(6) not-for-profit organization, launched independent reviews of financial advisors and broker-dealers in May 2019.
  • The IRN's review service allows consumers to research financial advisors and broker-dealers, and also provides a platform where consumers can post complaints and reviews about financial professionals.
  • The independent review network (IRN) launched in May 2019 to provide consumers with a platform to independently review financial advisors and broker-dealers.

The independent review network (IRN), a 501(c)(6) not-for-profit organization, launched independent reviews of financial advisors and broker-dealers in May 2019.
The IRN's review service allows consumers to research financial advisors and broker-dealers, and also provides a platform where consumers can post complaints and reviews about financial professionals.



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What Is an Independent Review Network?

An Independent Review Network (IRN) is an organization that provides reviews of doctors, dentists, chiropractors, massage therapists, and acupuncturists. IRNs help consumers find reputable service providers.
These services are helpful because there are many unscrupulous health care providers who should be investigated before hiring.

Understanding the Independent Review Network

The INN is a website where doctors can review and comment on each other's work.
A doctor can look at another doctor's reviews and say whether he or she would recommend that doctor.
The site was created to facilitate more physician reviews, since most doctors don't know about each other's work.

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Independent Review Network Reviews

The EQUATE review program has been expanded to provide consumers with a tool to assess the overall quality of their experience. When an EQUATE member submits a review, it is sent directly to the EQUATE member for response. If the member chooses to dispute the review, it will be placed on hold until it is resolved.
The EQUATE member's response will be visible to the public. The review will be updated in the EQUATE member's profile and, if the dispute is resolved, the original review will be removed.
When a review is disputed, the EQUATE member is given the opportunity to explain their side of the story. Other EQUATE members can provide their feedback on the dispute which will also be visible to the public.

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Independent Review Network Pros

- Over 100,000 IROs nationwide

- Process times were fast

- A variety of user reviews

- Easy-to-use platform

- User reviews don't require login

Cons
- Poor customer service

- No support for English as a second language users

Bottom Line
Independent Review Network, or (IRN), is a network of doctors, lawyers, and contractors that review local service providers. According to the company, users receive unbiased reviews, which are based on "known, verified, and quantifiable" facts from real users. However, there are still several concerns surrounding this review platform.

Independent Review Network Cons

No Fee if Ranking is 3.5 stars or higher
No Fee if Ranking is 2.5 stars through 3.5 stars
Fee of $50 for 1.0 star ranking or lower
Not as decentralized as Yelp
Higher Fees than Yelp
Lower Number of Reviews

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Price

As with most services, the pricing for ERN's reviews is fairly expensive, but for an institution, the expense may be well worth it.
The pricing for ERN review pricing is structured on a per-review basis. A single review is priced at $1,650, a six-pack of reviews is $8,200, and a 12-pack is $12,500.