KMS Financial Services CEO Erinn Ford.

KMS Financial Services, an independent broker-dealer owned by Ladenburg Thalmann, has named Erinn Ford to the role of CEO. Ford will take the reins from Eric Westberg, who will become chairman emeritus.

“The decision to offer Erinn the CEO position was an easy one, due to her deep appreciation of our history and culture, and because of the tremendous contributions she has made to the firm over the past year as president,” according to Westberg.

Earlier, Ford was president of Cetera Advisors (May 2014 to February 2018), after serving in other roles since January 2012. She also worked for Pacific West Financial Group from 1990 to 2012.

“I am honored to assume the torch from Eric and eager to build upon his industry leadership in supporting a financial advisor-focused approach to all that we do,” she said in a statement.

Founded in 1971, Seattle-based KMS had $16.4 billion in client assets and 337 investment professionals as of Dec. 31.

Other IBDs in the Ladenburg Thalmann network are Securities America, Triad Advisors, Investacorp and Securities Service Network.