Omaha, Neb.–based Securities America, an independent broker/dealer owned by Advisor Group, has lost another top executive, with David Vaughan stepping down as chief financial officer to join Axos Clearing in a similar role.
Vaughan did not respond to a LinkedIn request for comment by press time.
At Securities America, where Vaughan had been for 27 years, he was responsible for financial reporting, forecasting, planning and risk management.
David Vaughan
“We wish David all the best going forward. Advisor Group and Securities America have a strong and deep bench of corporate finance professionals who have seamlessly absorbed his responsibilities," said Joseph Kuo, a spokesperson for Advisor Group, in a statement.
Securities America was previously owned by Ladenburg Thalmann, which was acquired by Advisor Group in 2019. After the deal was complete, Advisor Group folded three Ladenburg b/ds, Investacorp, Securities Service Network (SSN) and KMS Financial Services, into Securities America.
Since the merger, both Securities America and Advisor Group have seen leadership shuffling at the top.
Paul Lofties, senior vice president of wealth management for Securities America and its former parent company Ladenburg Thalmann, left the firm in December of last year, to join CEG Worldwide as an advisor coach.
Last March, Advisor Group announced a series of high-level hires, including Greg Cornick, president of advice and wealth management, who came over from LPL Financial. Matthew Schlueter was appointed president, products and platforms to oversee the firm’s investment banking services, Ladenburg Thalmann Asset Management, its trust department through Premier Trust and Highland Capital Brokerage, the firm’s insurance brokerage business.
Also at that time, Securities America’s head of branch office development, Gregg Johnson, was promoted to executive vice president of recruiting and revenue acquisition. But Johnson recently left the firm, and Kristen Kimmell, former head of advisor recruiting and field marketing at RBC, was tapped to take on his responsibilities, in addition to an expanded role.
Securities America also recently restructured its supervision department. As a result, Greg Smith, senior vice president of supervision and member of Securities America’s executive leadership team, left the company after nearly a decade, as did Paul Krause, regional director of sales supervision.
In September, Advisor Group lost Chief Marketing Officer Susan Theder, who joined FMG Suite, the advisor marketing platform that powers Advisor Group’s MyCMO offering, as CMO and chief experience officer.
