Advisor Group, one of the nation’s largest networks of independent financial advisory firms, appointed Steve Chipman as senior vice president of strategic acquisitions.
Advisor Group – which is comprised of SagePoint Financial, FSC Securities Corp., Woodbury Financial and Royal Alliance – serves more than 5,000 advisors and oversees approximately $160 billion in client assets.
As head of strategic acquisitions, Chipman will lead Advisor Group’s efforts to attract broker-dealers interested in joining a well-capitalized industry partner with scale to help them grow.
He will work with Jamie Price, Advisor Group’s president and CEO, and the four firm presidents, and will report directly to Jeff Auld, the president and CEO of SagePoint Financial.
In his new role, Chipman says he wants to “help establish a dialogue with these firms and partner with them to maintain their unique cultures while giving them access to industry-leading products, technology and compliance support to enable them to do what they do best – foster their close advisor relationships and help their advisors grow.”
The appointment of Chipman comes on the heels of major platform changes that aim to drive organic growth firmwide.
According to Price, Chipman will help Advisor Group implement its inorganic growth strategy.