The Financial Services Institute today announced the election of two new directors to its board for 2017: Valerie Brown, who is executive chairwoman at Advisor Group, a former subsidiary of AIG; and Richard Bryant, who is president at Capital Investment Brokerage.
In January of this year, Brown, the former CEO of Cetera Financial, joined Advisor Group full time to serve as executive chairwoman following Lightyear Capital's acquisition of AIG Advisor Group.
"It is an honor and a privilege to rejoin the board of such a distinguished and well-respected organization," Brown said in a statement. "I am confident that FSI will continue to constructively advocate for our industry and help us navigate the many challenges that face our outstanding independent financial advisors and the clients who we all serve."
Bryant co-founded Capital Investment Companies in 1984, as a broker-dealer and a money management company that now has more than 200 financial advisors in 17 states.
"There has never been a more critical time in our industry to be proactive and diligent," said Richard Bryant, in a statement. "The efforts of FSI and our members are paramount on the local, state and national levels. Successful advocacy is essential in today's heavily regulated environment, and I am honored to serve the needs of the industry and investors alike through FSI."
The Board also elected five of its directors to leadership positions, including Dean Harman, who in 2018 will become the second financial advisor to chair the board.
Richard Lampen, president and CEO at Ladenburg Thalmann Financial Services, will serve as chair of the 17-person board in 2017. The vice chairman will be Harman, founder and CEO of Harman Wealth Management.
