Atlanta-based FSC Securities Corp., one of Advisor Group’s three independent broker-dealers, said it named Jerry Murphy as its new president and CEO on Monday. Murphy formerly served as executive vice president of Advisor Group and reports to AIG President and CEO Larry Roth.
“We are delighted that Jerry has accepted the role as president and CEO of FSC Securities Corp,” said Roth in a statement. “Jerry’s demonstrated leadership capabilities, first-hand knowledge of FSC’s culture, home office team and advisors, as well as his extensive experience in the financial services industry make him the ideal leader for FSC.”
Murphy (left) joined Advisor Group in 2005 and earlier was a senior executive at Janney Montgomery Scott. He also was director of the policy and practice team for the Nasdaq Stock Market.
“With FSC in such a strong position in the industry, now is the perfect time for Jerry to take on this new role and use his talents to work more closely with our affiliated advisors to help them execute on their growth strategies and take their practices to the next level,” Roth added.
Earlier this year, FSC Securities said it was adding up to 50 financial advisors from QA3 Financial. It now has roughly 1,200 producing advisors (250 of whom are OSJs) with some $32 billion in assets under management.
“I’m thrilled to be in this role at FSC,” said Murpy in a phone interview with AdvisorOne on Monday. “It’s a fantastic firm.”