AIG Advisor Group says Jeffrey M. Auld is now president and CEO of AIG Financial Advisors and American General Securities. Auld succeeds James R. Cannon, who left the company to "pursue other interests." Auld, 50, reports to R. Lawrence Roth, president and CEO of AIG Advisor Group.
"With more than 30 years of senior management and sales experience in every sector of the financial services industry, Jeff is ideally suited to accelerate the firm's progress and to ensure that our financial advisors have the wealth management capabilities required to expand their practices," Roth says.
Auld joins the AIG Advisor Group from Berthel Fisher & Co. Financial Services of Marion, Iowa, where he served as president. Earlier, he had been president and CEO of Houston-based NEXT Financial Group. He led that firm from a start-up broker-dealer to one of the nation's 40 largest in five years.
The Iowa native began his financial services industry career as a registered representative before being named a limited partner with Edward D. Jones & Company. He now serves on the board of directors of the Financial Services Institute (FSI) of Atlanta, an industry organization representing independent broker-dealers and FAs.
The AIG Advisor Group includes 7,500-plus advisors in AIG Financial Advisors and American General Securities of Phoenix; Advantage Capital and FSC Securities of Atlanta; and Royal Alliance of New York.
Janet Levaux, MBA/MA, is the managing editor of Research; reach her at email@example.com.