FSC Finds New CEO After Five-Month Search

Tuesday, August 23, 2011 07:53
FSC Finds New CEO After Five-Month Search

The Advisor Group has promoted from within to fill an opening at the top of one of its three broker-dealers.

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FSC Securities had been looking for a replacement for Mark Schlafly since he resigned in March.


They've found Jerry Murphy, who came to Advisor Group in 2005, to fill the spot.


Murphy has worked primarily with the holding company to help advisors throughout the three broker-dealer units -- including SagePoint and Royal Alliance as well as FSC -- expand their businesses.


Before Advisor Group, he was an executive at Janney Montgomery Scott and a issuer quality officer at Nasdaq.


Larry Roth, who was filling in as CEO for FSC as well as the broader Advisor Group, will return to his larger role overseeing all three broker-dealers.


Update on Schlafly: he's let his FINRA registration lapse and, as of this month, is working at Achaean Financial.

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