Northern Lights Distributors has appointed Brian Nielsen as chief executive officer and Bill Wostoupal as president, effective immediately.
Nielsen had previously served as president of NLD since December 2005. Wostoupal will continue to serve as executive vice president of sales and business development for NorthStar Financial Services Group, a holding company for several subsidiaries which manage and serve financial assets, including NLD. In his new role, he will lead NLD’s sales and marketing efforts, with sales and marketing personnel reporting directly to him.
In addition, NLD recently initiated a regional expansion of its sales and distribution team by appointing Jonathan Poyer and Michael Lambatsos as NLD sales and distribution managers. NLD is also looking to add several more sales and distribution professionals this year.
“Northern Lights Distributors has initiated a number of steps to become a more active distribution partner to advisors, adding more distribution channels which ease the process of obtaining selling agreements and establishing funds on broker-dealer platforms,” stated Nielsen.
“Bill and I are working to ensure that these efforts continue so we can assist even more advisors — from both inside and outside the NorthStar family — with raising assets, forging industry partnerships and adjusting to evolving regulations for mutual funds.”