Larry Roth, former president and chief executive officer of Advisor Group, one of the countrys largest networks of independent broker-dealers, is joining Realty Capital Securities, a major broker-dealer and wholesaler of real estate investment trusts, as chief executive officer.
Peter Harbeck will serve as interim president and chief executive officer of Advisor Group, the industrys fourth-largest broker-dealer network with close to 5,500 representatives and advisors. Michael Weil, the current chief executive of RCS, will become chairman of the company, a subsidiary of RCS Capital Corporation, a leader in the non-traded REIT business.
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