The Financial Services Institute today announced the election of two new directors to its board for 2017: Valerie Brown, who is executive chairwoman at Advisor Group, a former subsidiary of AIG; and Richard Bryant, who is president at Capital Investment Brokerage.
In January of this year, Brown, the former CEO of Cetera Financial, joined Advisor Group full time to serve as executive chairwoman following Lightyear Capital’s acquisition of AIG Advisor Group.
“It is an honor and a privilege to rejoin the board of such a distinguished and well-respected organization,” Brown said in a statement. “I am confident that FSI will continue to constructively advocate for our industry and help us navigate the many challenges that face our outstanding independent financial advisors and the clients who we all serve.”
Bryant co-founded Capital Investment Companies in 1984, as a broker-dealer and a money management company that now has more than 200 financial advisors in 17 states.
“There has never been a more critical time in our industry to be proactive and diligent,” said Richard Bryant, in a statement. “The efforts of FSI and our members are paramount on the local, state and national levels. Successful advocacy is essential in today’s heavily regulated environment, and I am honored to serve the needs of the industry and investors alike through FSI.”
The Board also elected five of its directors to leadership positions, including Dean Harman, who in 2018 will become the second financial advisor to chair the board.
Richard Lampen, president and CEO at Ladenburg Thalmann Financial Services, will serve as chair of the 17-person board in 2017. The vice chairman will be Harman, founder and CEO of Harman Wealth Management.
“When I become chair in 2018, I will be the second financial advisor to do so, and it shows that FSI is fully committed to fighting for independent financial advisors,” Dean Harman said in a statement. “I look forward to continuing the incredible success that FSI and our members have achieved on behalf of investors and our members.”
Harman previously was the FSI PAC board chairman for the 2016 board. For this year’sboard, David Knoch, president & COO of 1st Global, was elected as PAC chairman. Knoch previously served as the chairman of the finance committee. This year’s finance chairman will be John Rooney, managing principal of Commonwealth Financial Network.
The immediate past chair will be Amy Webber, president of Cambridge Investment Research.
FSI represents more than 100 independent financial services firm members and their more than 160,000 affiliated financial advisors, which comprise more than 60% of all producing registered representatives. “Our strong and diverse board will once again lead not only FSI but the entire industry forward into the future,” said FSI President & CEO Dale Brown. “Our critical advocacy agenda is more important than ever in the midst of both economic and regulatory uncertainty. I am also pleased that, for the second time, a financial advisor will chair our board in 2018 as we further distinguish ourselves as the only trade association solely representing independent financial services firms and advisors.”
In addition to those elected to leadership positions, those remaining on the Board include Adam Antoniades of Cetera Financial Group; Scott Curtis of Raymond James Financial Services; Kent Christian of Wells Fargo Advisors Financial Network; financial advisor Bill Dowell; financial advisor Joe Himelick; financial advisor Tony Lajeunesse; financial advisor Kimberly Kropp; Shawn McLaughlin of McLaughlin Ryder Investments; Seth Miller of Transamerica Financial Advisors; and James Poer of Kestra Financial.
Brown and Bryant will replace the two board members whose terms have ended, Steve Chipman of Foothill Securities and David Stringer of Prospera Financial Services.
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