Advisor Group Inc. has reshuffled its lineup of top executives and plucked a senior official from rival LPL Financial Holdings Inc. to fill a new leadership position.
A network of nine independent broker-dealers, Advisor Group said on Monday it had hired Gregory Cornick from LPL to fill the role of president, advice and wealth management.
It’s a new position that focuses on the oversight for each B-D. Cornick,formerly LPL Financial’s executive vice president, treasurer and head of corporate development and advisor financial solutions, reports directly to Advisor Group CEO Jamie Price. In turn, the heads of the nine broker-dealers will report to Cornick.
Meanwhile, the network has also promoted current executives to have responsibilities across the B-D network. For example, Gregg Johnson, the longtime head of recruiting at Securities America Inc. has been appointed executive vice president of recruiting and revenue acquisition, with oversight over all recruiting and branch acquisitions.