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American Century Adds LPL Exec; Lucia Grabs First Allied COO

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American Century Investments said Monday that it named a former LPL Financial (LPLA) executive to it management ranks, while Lucia Capital Group announced that the ex-chief operating officer of First Allied Securities is now head of its securities unit.

Adam Sokolic is now senior vice president of Retirement Strategy and Services, a newly created position at Kansas City, Missouri-based American Century, which sells mutual funds and other financial products. He most recently served as senior vice president of LPL Retirement Partners and prior to that he was senior vice president of operations for National Retirement Partners.

“Adam is a proven talent and thought leader in the retirement industry,” said Peter Cieszko, chief client officer for American Century’s operations in the Americas, in a statement.

“Adam brings a unique background of both strategic and tactical experience in sales, marketing and operations related to the retirement market. He will use that collective experience to develop expanded retirement offerings for clients looking for innovative retirement solutions,” Cieszko said.

American Century has about $150 billion of assets under management.

In other news Monday, Lucia Capital Group hired Tiy O’Neal to be president of Lucia Securities, the firm’s broker-dealer platform. O’Neal most recently served as chief operations officer of First Allied Securities, which is owned by RCS Capital (RCAP) and part of the Cetera Financial Group of independent broker-dealers. She had been with the IBD for roughly 20 years.

“Tiy is a widely recognized industry veteran and talented leader whose decades of achievements within the independent broker-dealer space make her the perfect addition to our rapidly expanding organization, said Derek Bruton, CEO of Lucia Capital, in a press release.

In her new position, O’Neal will lead the day-to-day operations of Lucia Securities, which supports the commission-based work of the firm’s 27 financial advisors. She also will focus on client-service efforts and transition services for RIAs.

In addition to her experience at First Allied, she was president of both Western Securities Clearing Corp., and Tradewell Discount Investing.

“The addition of Tiy to Lucia Capital Group’s leadership reflects our firm’s growth trajectory,” Bruton explained. “We are committed to building our Firm through organic growth, business acquisitions, and investment management distribution in order to become one of the leading financial services companies in the nation, and Tiy will play a vital role in this mission.”

Lucia Capital Group oversees about $2.3 billion in fee-based, brokerage, fixed insurance and variable insurance assets.

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