NEW YORK--(BUSINESS WIRE)--Advisor Group, one of the largest independent broker-dealer networks in the nation, today announced that Erica McGinnis will serve as President and CEO of Advisor Group, effective immediately. McGinnis most recently served as Senior Vice President and Chief Compliance Officer, Advisor Group.
“I am delighted that Erica will lead our growing broker-dealer network,” said Jay S. Wintrob, President and CEO of AIG Life and Retirement. “Erica brings over 20 years of industry experience to her role and is a proven leader with a track record of success. Her strong knowledge of our broker-dealers and the needs and wants of our independent advisors, coupled with her skill and understanding of the changing landscape for the independent financial advice industry, makes her the ideal leader for Advisor Group. I am absolutely confident that Erica will guide our broker-dealer network to a higher level of quality and service for our representatives.”
In her new role, McGinnis, 42, will report directly to Stephen Maginn, President and CEO of AIG Financial Distributors. Along with the senior leadership team at Advisor Group, including the leaders at the network’s four broker-dealers – Royal Alliance, FSC Securities, SagePoint Financial and Woodbury Financial – she will pursue strategies to further enhance the service platform to better serve current financial advisors and to attract new registered representatives to the organization.
“This is a very exciting time to be part of the financial services industry,” said McGinnis. “Now, more than ever, people need the valuable advice of a trusted financial advisor and I believe the opportunities in the markets we serve are immense. I have been part of Advisor Group for nearly a decade and am very excited to expand my role. It is my goal to make Advisor Group and our broker-dealers the firms of choice for leading financial advisors.”
In her previous role, McGinnis oversaw all supervisory activities for Advisor Group, managing nearly 120 home office employees. She joined Advisor Group in 2004 as Director of Branch Exams. She previously managed operations, training and compliance efforts for Charles Schwab, Wells Fargo and Ameriprise Financial.
McGinnis earned a bachelor’s degree in International Relations and Economics from the University of Wisconsin at Madison and holds FINRA Series 7, 9, 10, 24, 63 and 66 licenses.
Advisor Group is one of the largest independent broker-dealer networks in the United States and consists of FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial. These independent broker-dealers, with more than 6,000 independent financial advisors, are all wholly-owned subsidiaries of Advisor Group and Members FINRA/SIPC.
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
