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Advisor Group Appoints Steve Chipman as SVP, Strategic Acquisitions

    

PHOENIX, AZ, January 18, 2017 -- Advisor Group, one of the nation's largest networks of independent financial advisory firms, comprised of SagePoint Financial, FSC Securities Corporation, Woodbury Financial, and Royal Alliance, today announced that Steve Chipman has been appointed as Senior Vice President of Strategic Acquisitions. In this role, Chipman will work with Jamie Price, Advisor Group's President and CEO and the four firm Presidents, leading the strategic planning process for all broker/dealer acquisitions. Chipman will report directly to Jeff Auld, the President and CEO of SagePoint Financial.

"On the heels of announcing major platform changes that will drive organic growth firm-wide, we are pleased to welcome Steve to Advisor Group to implement our inorganic growth strategy," said Advisor Group President and CEO Jamie Price. "As compliance and technology costs continue to rise, firms without scale are challenged to invest in the discretionary initiatives that are critical to maintain the competitiveness of their offering. Steve is the right person to help us identify and partner with these firms and give them the freedom to focus on growing their businesses."

With scale, resources and a very strong capital base, Advisor Group believes it is uniquely positioned to help broker-dealers maintain their individuality while taking advantage of one of the best platforms in the industry.

"Having served as the CEO of a mid-sized financial services firm combined with my experience serving financial services firms at a large correspondent clearing firm, I am intimately familiar with the challenges they face keeping up with the growing expenses and risks associated with running a broker-dealer. With the continued heightened regulatory environment and impending DOL implementation, now is great time to evaluate how best to seize the opportunities that will be available to firms that are well positioned for such change. Vibrant culture is what compels advisors to stay," remarked Steve Chipman. "I am excited 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."

Chipman earned his B.B.A. degree (cum laude) in finance from the University of Massachusetts-Amherst, and attended the Wharton School. He was a Member of the Industry Board of Directors of the Financial Service Institute (FSI), and served on the District One FINRA Committee for six years. Additionally, he served on the FINRA Regulatory Advisory Council, and the SIFMA Membership Committee. He holds his Series 7, 24, 63, and 65, and brings 30 years of experience to the position.

About Advisor Group

Advisor Group Inc. is one of the nation's largest networks of independent financial advisors serving over 5000 advisors and overseeing approximately $160 billion in client assets. Headquartered in Phoenix, AZ, the firm is mission-driven to support the heroic role that advisors can play in the lives of their clients, offering securities and investment advisory services through its subsidiaries FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc. and Woodbury Financial Services Inc, as broker/dealers, registered investment advisors and members of FINRA and SIPC. Cultivating a spirit of entrepreneurship and independence, Advisor Group champions the enduring value of financial advisors and is committed to being in their corner every step of the way.

For more information, please visit www.advisorgroup.com

Follow Advisor Group into the Future: @AdvisorGroupBDs on Twitter #AGFutureIsNow

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