The IBD has hired a new compliance chief.

Independent broker-dealer INVEST Financial, part of National Planning Holdings, said Tuesday that it appointed Jason Albino as its new chief compliance officer.

Albino will be based in Tampa, Florida, and will report to NPH Chief Compliance Officer Daniel Wright. He replaces Ruth Burgess, who recently retired.

“INVEST is committed to providing our advisors with resources, training and tools to help them adapt to the new regulatory environment created by the Department of Labor’s fiduciary rule,” said INVEST President & CEO Steve Dowden, in a statement. “Jason’s approach to navigating the complexities of our industry will be a terrific asset to both our home office and the field as we prepare for the implementation of the rule.”

Before joining INVEST, Jason served as chief compliance officer for Penn Mutual Life Insurance and its affiliated independent broker-dealer Hornor, Townsend & Kent.

During his 19 years in the industry, he has worked on a variety of compliance functions, including anti-money laundering, advisory and branch exam programs. He also has been active in the Financial Services Institute (FSI) and has served on the FSI Compliance Council.

According to the Investment Advisor 2016 Broker Dealer Reference Guide, INVEST has close to 1,100 affiliated advisors with average yearly fees and commissions of about $215,700 per rep. It has been in the business for 34 years.

NPH has a total of 3,400 reps, and last month named Jay Vinson, formerly of Cetera, as its national sales manager.