R. Lawrence (Larry) Roth
Larry serves as President and CEO of Advisor Group, one of the largest networks of independent broker-dealers in the US, and is currently serving as President and CEO of FSC Securities Corporation. Roth is responsible for the management of more than 600 employees, who serve the needs of nearly 4,800 independent financial advisors affiliated with FSC Securities Corporation, Royal Alliance Associates and SagePoint Financial. As President and CEO of Advisor Group, Roth has been responsible for defining the strategy and driving the growth and innovation that has positioned Advisor Group as the premier open-architecture firm in the independent advisor channel. Roth has over 30 years of experience in the financial services industry with expertise in securities, investment banking, brokerage and management.
Michael (Mike) J. Mungenast
Mike has been CEO and president of ProEquities, Inc., a leading broker-dealer for independent financial advisors, since 2002. In this position, Mike leads a sales force of 1,100 registered representatives who function as independent financial advisors. ProEquities has enjoyed record sales growth and profit growth in each year under Mike’s leadership. He has been with the firm eight years, initially functioning as their COO. Prior to joining ProEquities, Mike held positions as partner and CFO of Dover International, a provider of consulting, training, and outsourcing services to various broker-dealers channels, and at Coopers and Lybrand in their audit and litigation services department. He graduated in 1986 from Auburn University with a BSBA in Accounting and became certified as a CPA in 1988. Mike serves on various industry committees and has recently served as chairman of the 2005 conference for the Financial Services Institute and as chair of CEO Advisory Council in their first year of existence. He also serves the industry as a representative on the FINRA District 5 Committee and is a member of the SIA Independent Firms Committee. He is a member of the Leadership Birmingham Class of 2005, a deacon at Briarwood Presbyterian Church, and on the Birmingham Jr. Achievement Board of Directors. He is happily married to his wife, Dana, and enjoys coaching his children Anna (9) and Joseph (7) in their various sports endeavors.
Joseph (Joe) R. Russo
Immediate Past Chair
Joe has over 30 years of experience in financial services. He began his securities career as a registered representative at United Financial Services and then with Merrill Lynch. Joe founded Perpetual Investment Advisors and served as CEO until a sale to AEGON, USA Securities. Subsequently, he founded Advantage Financial Group (AFG). AFG is affiliated with LPL Financial.
Joe maintains his investment advisory practice in Cedar Rapids, IA and his securities brokerage business in Naples, Fla. while serving as chairman and CEO of AFG. He is licensed as a General Securities Principal, Municipal Bond Principal, Options Principal and Registered Investment Advisor Representative.
Timothy (Tim) B. Murphy
Chair, Finance Committee
Tim is a founder of Investors Capital Holdings, and serves as chief executive officer and president. Tim has served as president of Investors Capital Corporation since August 1994, and president of Investors Capital Advisory since January 1995, both of which are subsidiaries of Investors Capital Holdings.
Tim entered the securities industry in May 1991 as an operation manager, assisting brokers in the Boston regional office of Clayton Securities. From February through August 1994, he was a compliance officer of Baybanks Brokerage in Burlington, Mass., and a vice president at G.R. Stuart & Company, a brokerage firm located in Maynard, Mass.
Tim earned a B.S. in Finance from Babson College. He holds various securities licenses, including Series 4, 7, 24, 27, 53, 63, and 65. Tim is a member of the New England Securities Compliance Group and a past member of the National Society of Compliance Professionals.
Valerie G. Brown
Chair, FSI PAC Board
Valerie is the chief executive officer of Cetera Financial Group (Cetera) and its three independently managed broker-dealer firms. Working closely with the Cetera executive team, Valerie leads the strategy execution for company-wide initiatives that enhance value to all customers, employees, shareholders and business partners. Prior to her current duties with Cetera, Valerie was chief executive officer of ING Advisors Network, a role in which she was responsible for guiding its four broker-dealers. Her tenure was highlighted by five years of record revenue and earnings. Previous positions included service as president of ING U.S. Retail Annuities and key international appointments within the ING organization, among them, serving as chief of staff for ING Group’s Executive Committees, Americas and Asia/Pacific.
As Chief Executive Officer of First Allied, Mr. Antoniades is instrumental in driving the strategic direction of the firm. As one of First Allied’s founding members, he also spearheaded several strategic acquisitions including the 2002 sale of First Allied to Wells Fargo. In 2004, Mr. Antoniades shifted his leadership focus to successfully develop Advanced Equities Financial Corp.'s (AEFC) independent brokerage channel. In February of 2005, he drove the acquisition of First Allied by AEFC.
Most recently, he led the organization through a private-equity backed management buyout of the company from AEFC.
Prior to First Allied, Mr. Antoniades held senior management positions at major financial institutions around the globe including Berkeley Administration Inc. in Brussels, Belgium, and A. J. Bekhor and Company in the United Kingdom.
Derek Bruton is managing director and national sales manager for LPL Financial Independent Advisor Services and is a member of the LPL Financial Executive Management Committee. He has responsibility for business development and business consulting for all independent advisors and registered investment advisors, and he is focused on driving advisor satisfaction, supporting the growth of their business, and serving as a key advocate for their needs.
Mr. Bruton joined LPL Financial in 2007 from TD Ameritrade Institutional, where he was managing director and national sales manager responsible for presiding over the institutional sales force. Before TD Ameritrade, Mr. Bruton worked as director of money manager services at Merrill Lynch from 2001 through 2005, managing Merrill’s institutional custody and trading businesses for registered investment advisors. From 1994 to 2001, he served in various sales and sales management positions with Charles Schwab Institutional. During this period, he managed top-performing sales teams in both Northern California and New York.
Mr. Bruton graduated with a Bachelor of Arts in history and organizational behavior from Stanford University and is FINRA Series 7, 8, 24, and 63 registered through LPL Financial. He serves on the Private Client Services Executive Committee for the Securities Industry Financial Markets Association (SIFMA) and is on the Marketing and Growth Committee for the Financial Services Institute (FSI). In addition, he serves as vice chairman of the board for Big Brothers Big Sisters of San Diego County.
Rick Carlson has more than 22 years of experience in the financial services industry. He started Carlson Advisors in 2003 to offer his clients high-quality, personalized financial advice. Prior to starting Carlson Advisors, Rick was a financial advisor for Robert W. Baird as well as Prudential Securities. Rick also worked for GE Capital for eight years before becoming a financial advisor. During his tenure at GE Capital, Rick held several executive-level positions in the areas of risk management and corporate underwriting.
Rick and his team at Carlson Advisors are focused on delivering quality, customized investment strategies to their small-town, Main Street client base. They believe strongly that time-tested, conservative investment strategies will continue to serve their clients well in all market environments, and work hard to make sure that small-town Americans achieve the financial freedom they all want and deserve.
Rick is involved in the Tomah community. He is a past President, Treasurer and Economic Development co-chair for the Tomah Chamber of Commerce. In addition, Rick currently serves on the city of Tomah’s Long Range Planning Committee.
Rick graduated from Southern Methodist University in 1987 with degrees in Finance and Economics, and earned his MBA degree from Columbia University in 1994.
Steve Chipman has enjoyed a thirty year career in the financial services industry. The majority of these years were spent as a producing manager at regional and independent contractor broker dealers. In 1991, Steve served as President of Norcross Securities Inc, a full service investment brokerage and advisory firm based in Phoenix Arizona. During his tenure, Steve helped develop an investment banking division, an insurance brokerage, and a trust company. In 1999, Steve joined Bank of New York Clearing Services and successfully established their business development effort in the Western U.S. In 2003, The Bank of New York bought Pershing LLC, where Steve helped lead the Pershing Western Region relationship management group serving as Director until 2006. Currently, Steve serves as President and CEO of Foothill Securities, Inc., a 50 year old broker dealer based in Silicon Valley and Phoenix with 245 Financial Advisors.
Steve attended The University of Massachusetts graduating with honors with a business degree in Finance. He is also a graduate of the Wharton School of Finance Securities Industry Institute at the University of Pennsylvania. Steve is currently on the District One Committee of FINRA where he has served for five years, and has been active on many Boards of Directors serving charitable organizations in the community, with a special emphasis on children’s issues.
Dean Harman, CFP® has been practicing in the financial services industry since 1994. He operates Harman Wealth Management, Inc. LLC. in The Woodlands, Texas. Harman Wealth Management Inc. LLC. specializes in working with clients who are business owners, executives and sports coaches.
In 2006 Dean purchased Estate Resources, a financial planning, RIA and asset management firm in Houston, Texas, which he merged into Harman Wealth Management Inc. LLC. In 2010 he purchased ETF Plan, Inc., and asset management, RIA firm which also merged into Harman Wealth Management Inc. LLC. He serves on the Advisory Board’s of Genworth Financial , Sagepoint Financial, The Financial Services Institute and The College of Business and Behavioral Sciences at Clemson University .
Dean is regularly quoted in the media and has been featured in: The Wall Street Journal, the New York Times, Newsweek, Kiplinger’s, Smart Money, CBS Market Watch, Men’s Health, Yahoo Finance, Google Financial News, Retire Smart, The Players Club, The Journal of Financial Planning, Investment News, Investment Advisor, H-Texas and local media. He also had an appearance in the movie Tin Cup.
He is a graduate of Clemson University where he played football from 1987-1991. Following college he had a brief stint with the Tampa Bay Buccaneers in 1992 and 1993 before starting his career in financial planning.
Jim is chairman of the Financial Services Network (FSN). FSN has 175 full-time independent contractor financial representatives in 45 communities in 16 states. In addition, Herrington is principal and CEO of Strategic Wealth Advisor Group, an SEC-registered investment adviser. He served on the board of directors for Financial Service Corporation (FSC Securities) and the board of trustees for the Foundation for Financial Planning.
Dick has 30 years of experience in the financial services and legal fields. He has served since 2006 as the President and Chief Executive Officer of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), headquartered in Miami, Florida and has been instrumental in guiding that firm’s evolution into a leader in the independent broker dealer and advisory space. Ladenburg engages in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, and asset management services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Investacorp, Inc., Triad Advisors, Inc. and Securities America, Inc., which together have approximately 2,700 financial advisors and approximately $70 billion in client assets.
Dick also serves as Executive Vice President of Vector Group Ltd. (NYSE: VGR), a holding company that is engaged through subsidiaries in the real estate, tobacco and investment businesses, and as President and Chief Executive Officer of Castle Brands Inc. (NYSE MKT: ROX), a developer and marketer of premium branded spirits. He is a director of Ladenburg Thalmann Financial Services Inc., Castle Brands Inc., Douglas Elliman Realty, LLC and SG Blocks Inc. Dick is a member of the Florida Bar and has served as Chairman of its Securities Law Committee.
Previously, Dick was an investment banker at Salomon Brothers Inc, where he was a Managing Director in the Leveraged Finance Group, and a partner and co-chairman of the Corporate Department at the Steel Hector & Davis law firm.
Seth Miller currently serves as the President of Transamerica Financial Advisors, Inc. (TFA). Prior to working with TFA, he served for four years as President of Life Investors Financial Group (LIFG), an AEGON marketing group focused on the middle- and upper-income market, headquartered in Cedar Rapids, IA. Prior to his role with LIFG, Mr. Miller led AEGON’s Independent Producer Marketing Group, working with various national independent marketing organizations. Mr. Miller's first position with AEGON was as Director of Business Development for AEGON Direct Marketing Services in Baltimore, MD. He came to AEGON from General Electric, where he graduated from GE’s Financial Management Program and is also a graduate of the University Notre Dame. Mr. Miller is also a retired Captain, United States Air Force Reserve. Mr. Miller, his wife Kelley, and their three young daughters reside in Tampa Bay, FL where they are active in their local school, parish, and United Way.
E. John Moloney began his career as a registered rep in 1973 with Stifel, Nicolaus & Co., Inc. After joining R. Rowland & Company in 1982, he became an Allied Member of the New York Stock Exchange. While at Rowland, he served on their Board of Directors. As their Senior Vice President for Product Marketing, he oversaw all product departments at the brokerage firm. In 1995 he formed Moloney Securities Co., Inc. and an insurance general agency bearing the same name. In March of 1999, he formed Moloney Securities Asset management, which is a Registered Investment Advisor. He serves on SIFMA’s Small Firms Committee and was its past chairman. In addition, he served as past chairman on the District 4 District Committee for NASD/FINRA, and past chairman of the NASD’s Advisory Council, and served two terms on the Small Firms Advisory Board. He also served on the Securities Industry/Regulatory Council of Continuing Education. Currently he serves on FINRA’s Membership Committee. Mr. Moloney holds a BSBA from Regis University in Denver, Colorado and attended the Graduate School of Business at Washington University in St. Louis, Missouri.
Clive is president and CEO of The Strategic Financial Alliance, Inc (SFA). Licensed in all 50 states, SFA provides broker-dealer, RIA and insurance-related services to its independent financial advisors and their clients across the country. The firm is co-owned by its management, employees, financial advisors and independent investors. Prior to starting SFA, Clive served as president of Investors Financial Group (IFG) and CFO of Financial Service Corp. (FSC). He began his career as a Chartered Accountant and CPA with the international accounting firm of Deloitte, having worked in their South African and Atlanta, GA offices.
David Stringer joined Prospera in September of 1989 and has over 27 years of experience in the investment industry. Prior to his tenure as President of Prospera and managing director of the firm, Mr. Stringer had served in the positions of Registered Representative, Independent Financial Advisor, Branch Manager, CFO, and COO. As President, Mr. Stringer is focused on the development of new ideas, continually researching methods of improving Prospera, and guiding the overall direction and growth of the firm. Mr. Stringer received a degree in Finance from Texas Tech University in 1984 and holds Series 4, 7, 8, 24, 28, 53, and 63 securities licenses. He currently serves as a FINRA District 6 committee member.
Dale E. Brown, CAE
President & CEO - Ex Officio
Dale brings over 20 years of association management experience to FSI, most recently as the associate executive director of FPA. For IAFP, one of FPA’s predecessor organizations, he led the government relations program and the broker-dealer program, which grew to more than 130 member firms by the time FPA was created in January 2000. Dale also led the successful fight in the mid-1990s against the IRS’s attempts to force broker-dealers to reclassify independent contractor representatives as statutory employees. In both IAFP and FPA, Dale played a critical role in the senior management team and brings broad leadership experience to FSI in his role as founding president & CEO.