Advisor Group Nabs LPL Exec to Lead Wealth Unit
April 1, 2020 by Janet Levaux
The Advisor Group of independent broker-dealers, which completed its purchase of the Ladenburg Thalmann in mid-February, says it has hired a former executive from LPL Financial and made a series of other leadership shifts.
Gregory Cornick is now Advisor Group’s president of Advice and Wealth Management. He was with LPL for the past six years and served as executive vice president, treasurer and head of Corporate Development and Advisor Financial Solutions.
The move could support one of Advisor Group’s possible branding strategies: positioning itself as “the LPL alternative,“ a term recruiter Jon Henschen said was being discussed at Advisor Group after it announced its big deal with Ladenburg in November.
(LPL is self-clearing, while Advisor Group and Ladenburg firms are dual clearing.)
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