Advisor Group, an independent broker-dealer network, today announced that Erica McGinnis will serve as president and CEO of Advisor Group, effective immediately. McGinnis most recently served as SVP and chief compliance officer for Advisor Group.

In her new role, McGinnis, 42, will report directly to Stephen Maginn, president and CEO of AIG Financial Distributors. Along with the senior leadership team at Advisor Group, including the leaders at the network’s four broker-dealers – Royal Alliance, FSC Securities, SagePoint Financial and Woodbury Financial – she will pursue strategies to further enhance the service platform to better serve current financial advisors and to attract new registered representatives to the organization.

“Now, more than ever, people need the valuable advice of a trusted financial advisor and I believe the opportunities in the markets we serve are immense. I have been part of Advisor Group for nearly a decade and am very excited to expand my role,” said McGinnis.

In her previous role, McGinnis oversaw all supervisory activities for Advisor Group, managing nearly 120 home office employees. She joined Advisor Group in 2004 as Director of Branch Exams, and previously managed operations, training and compliance efforts for Charles Schwab, Wells Fargo and Ameriprise Financial.

“I am absolutely confident that Erica will guide our broker-dealer network to a higher level of quality and service for our representatives,” said Jay Wintrob, president and CEO of AIG Life and Retirement. “Erica brings over 20 years of industry experience to her role and is a proven leader with a track record of success. Her strong knowledge of our broker-dealers and the needs and wants of our independent advisors, coupled with her skill and understanding of the changing landscape for the independent financial advice industry, makes her the ideal leader for Advisor Group.”

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