Advisor Group, a network of independent wealth management firms, has hired Jon Frojen as chief financial officer.
In his new role, he will oversee the finance department as well as the day-to-day operations of the accounting, treasury, tax, procurement, commissions and financial planning and analysis departments, among other duties.
Prior to joining Advisor Group, Frojen spent four years as CFO of United Capital, which was recently purchased by Goldman Sachs and renamed Goldman Sachs Personal Financial Management. Before United Capital, he served as CFO at Cetera Financial Group from October 2010 until July 2014.
“Jon’s breadth of experience across the wealth management industry, including in the independent broker-dealer and the RIA spaces, adds substantial strategic value to Advisor Group as wealth management industry models continue to converge,” said Jamie Price, Advisor Group president and CEO.
Last week, Advisor Group announced plans to consolidate Investacorp, Securities Service Network (SSN) and KMS Financial Services, three broker-dealers recently acquired from Ladenburg Thalmann, into Securities America, the largest of Ladenburg’s former broker-dealers. The consolidation will begin this summer and is slated to wrap up by the fourth quarter of this year.
Advisor Group is the nation’s largest network of independent wealth management firms, serving approximately 11,300 financial professionals and overseeing more than $450 billion in client assets. Its affiliated broker-dealers include FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial, Woodbury Financial Services, Securities America, Triad Advisors, Investacorp, KMS Financial Services, and Securities Service Network.