Advisor Group, one of the nation’s largest wealth management firms, has expanded its leadership team following its recent merger with Ladenburg Thalmann. The management group includes executives from both companies, as well as the new addition of Gregory Cornick, a senior executive who previously worked at LPL Financial.
The company’s affiliated broker-dealers include FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial, Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network (SSN).
Gregory Cornick has been appointed to the newly created role of president of advice and wealth management, and previously served as LPL’s executive vice president, treasurer and head of corporate development and advisor financial solutions.
Cornick will oversee execution of Advisor Group’s financial professional-facing strategy, tactics and initiatives, and the leadership teams for each of Advisor Group’s wealth management firms will report directly to him. Additionally, Cornick will have oversight of Advisor Group’s marketing, national sales and central supervision functions that support each of the network’s wealth management firms.
Gregg Johnson, Securities America’s executive vice president of branch office development and acquisitions, has been named executive vice president of recruiting and revenue acquisition for Advisor Group, a newly created position.
Johnson will oversee all financial professional recruiting as well as team and branch-level acquisitions across the Advisor Group network of firms and will work with marketing to drive lead generation initiatives, while overseeing financial professional transitions. The heads of recruiting across all nine wealth management firms will dually report to him as well as to their respective firm presidents.
Cindy Hamel has expanded her responsibilities from executive vice president of strategic initiatives to chief strategy and corporate development officer. In her new role, Hamel will be responsible for reviewing and refining Advisor Group’s multi-year strategic and investment planning process.
Matthew Schlueter has been named president of products and platforms, with oversight of Ladenburg subsidiaries Ladenburg Thalmann Asset Management (LTAM), Premier Trust and the Highland Capital Brokerage insurance business.
Ladenburg Thalmann & Co., the middle market investment bank, will report to Jamie Price, Advisor Group’s president and chief executive officer.
Advisor Group serves approximately 11,300 financial professionals that oversee more than $450 billion in client assets.