MORRISTOWN, N.J., Jan. 26, 2021 /PRNewswire/ -- Private
Advisor Group ("PAG"), one of the largest and fastest-growing
independent wealth management firms in the country*, today
announces the appointment of two new executives to support the
company's rapidly growing footprint with independent advisors and
individual investors across the United
States. Effective immediately, Petra
Barone is promoted to the role of Chief Financial Officer,
and Frank Smith joins PAG in a newly
created position as Head of Advisor Growth. Both executives report
directly to Chief Executive Officer RJ Moore.
"It's an honor to welcome Petra and Frank to our Executive
Leadership Team," said Mr. Moore. "Their addition complements our
desire to grow the right way, with the right advisors, while adding
value for all our stakeholders – including the clients we all
serve. With their leadership talents, extensive experience, and
business acumen, PAG is better able to manage our growth within the
independent financial community while extending our capabilities
into new service offerings."
Since its founding over a decade ago, Private Advisor Group has
experienced significant growth in the independent financial
advisory space. Recognized as one of the fastest-growing RIAs in
2019*, the company now has more than 650 advisors in 37 states with
AUM in excess of $20
billion.
Petra Barone, who joined PAG in
2011, most recently served as Director of Accounting & Advisor
Compensation at the firm. She previously held the role of auditor
at Coopers & Lybrand (now PwC) and was the Manager of
Accounting & Reporting at Häagen Dazs. Moving forward, Petra
will be responsible for creating new strategies to economically
serve and support PAG advisors. She will also support the
leadership team in identifying new opportunities to re-invest in
the business.
Frank Smith brings to PAG a
wealth of experience from a long career dedicated to serving the
independent advisor space. Prior to joining PAG, he held leadership
roles as the Director of Investment Solutions at CUNA Mutual Group
and Senior Vice-President,
Enterprise Business Consulting and RIA Solutions, at LPL
Financial. In his new role, Frank will focus on progressing
PAG's growth strategy, bringing like-minded independent advisors
into alignment with the firm's unique value proposition while
expanding key services to current PAG advisors.
About Private Advisor Group
Private Advisor Group is one of the fastest-growing RIA firms in
the nation. As of December 31, 2020,
the firm manages over $20 billion in
assets under management (AUM) and currently supports over 650
advisors in 37 states across the U.S.
Founded by advisors John Hyland
and Pat Sullivan, PAG provides
industry-leading tools and technology to independent advisors and
investors that are focused on fiduciary adherence, compliance, and
a client-centric approach. For more information,
visit www.privateadvisorgroup.com.
*The WealthManagement.com 2019 Thrive Award was compiled by
measuring the percentage of revenue growth over the previous three
years. Average revenue growth of the top 200 list was three times
the industry average, as calculated by McKinsey & Company's
PriceMetrix.
Securities offered through LPL Financial, Member FINRA/SIPC.
Investment Advice offered through Private Advisor Group, a
registered investment advisor and separate entity from LPL
Financial.
Media Contact:
Berta Aldrich
Private Advisor Group
Managing Director, CMO, CHRO
berta.aldrich@privateadvisorgroup.com
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SOURCE Private Advisor Group