After announcing growth plans earlier in the year, Advisor Group has taken the next step: hiring a new executive vice president to lead its recruiting and acquisition strategy.
The newly tapped executive, Kevin Beard, says his primary job is to lead acquisitions of small independent broker-dealers -- those with annual gross dealer concessions of $50 million or less and wrapping them into one of the four existing B-Ds that make up the giant B-D network. "We're not looking to [buy] small B-Ds and have them run as separate entities," he says.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access