Art Tambaro, president and CEO of Royal Alliance Associates, one of four independent broker-dealers owned by AIGs Advisor Group, will retire at the end of the year. He will be replaced by Dmitry Goldin, a member of Royals senior leadership team for the last decade.
Royal has recruited some of the industrys finest financial advisors, Tambaro, 72, a 22-year veteran of Royal, said in a statement, and I am confident that under Dmitrys leadership, the future at Royal Alliance is bright and full of incredible opportunities for todays independent advisors. Neither Tambaro nor Goldin, 43, were available for comment. The two plan to work closely together for the rest of this year to ensure a smooth transition, according to the statement.
Of his 20 years of experience in the financial services industry, Goldin has spent the last 13 at Royal Alliance. Most recently, he served as senior vice president of business development, supporting advisor relationship management and retention, practice development, recruiting and product sponsor support. He joined Royal Alliance in 2000 as a regional manager and was promoted to a senior management role in 2003. He assumed his current role in 2009.
This is an incredible time to be a financial advisor, Goldin said in a statement, and I truly believe that our industry-leading technology, personalized level of support and commitment to the financial advisory space will continue to help advisors grow. Jeff Planty, currently vice president of operations will move into Goldins current role. ?
Art has led Royal Alliance with passion and enthusiasm for the last 22 years, Larry Roth, Advisor Group president and CEO, said in the statement. Dmitry is the ideal person to lead Royal Alliance into the future. His intimate knowledge of our organization and our advisors, coupled with his vast experience in the financial services industry, will serve our firm and our advisors well.
Royal has $46 billion in total account assets and nearly 2,000 affiliated independent financial advisors. In addition to Royal Alliance, Advisor Groups network of independent B-Ds include FSC, SagePoint Financial and Woodbury Financial, which it acquired last year from The Hartford, for a total of more than 6,000 advisors.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access