Advisor Group, a network of independent wealth managers, has named Jon Frojen as its new CFO.
Frojen most recently served as the CFO of United Capital, a boutique wealth management firm that was acquired by Goldman Sachs for $750m.
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Frojen is said to have played an integral role in the acquisition.
He previously also worked as the CFO at Cetera Financial Group.
In the new role, he will report directly to Advisor Group president and CEO Jamie Price with the responsibility of setting the overall vision for the Finance Department.
At Advisor Group, Frojen will manage daily operations of the accounting, treasury, tax, procurement, commissions and financial planning and analysis departments.
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By GlobalDataHe will also be tasked with managing the long-term financial planning and capital allocation.
Price noted: “Jon’s breadth of experience across the wealth management industry, including in the independent broker-dealer and the RIA spaces, adds substantial strategic value to Advisor Group as wealth management industry models continue to converge.
“His hiring further shows that we are making strong progress in harnessing our full potential and positioning the company for long-term growth. Not only have we deepened our senior leadership team in recent months, we also continue to launch tools that support financial professionals, particularly during the ongoing pandemic.”
Advisor Group manages more than $450bn in client assets and caters to around 11,300 financial professionals.
