FSI elects new chairwoman from small indy B-D

The Financial Services Institute today said that its board has named Mari Buechner — president and CEO of Coordinated Capital Securities Inc. — its chairman for 2010.
She will succeed Eric Schwartz, chairman and CEO of Cambridge Investment Research Inc. In addition, Bill Dwyer, president, national sales and marketing, for LPL Financial was elected as vice chairman for 2010.
The FSI is the largest industry organization for independent-contractor broker-dealers and advisers. It has 116 member firms, and 11,500 representative and adviser members.
In a statement, Mr. Schwartz said that Ms. Buechner’s election to FSI chairman is notable because she is the first person in that position to come from a small firm. according to the most recent InvestmentNews independent-broker-dealer ranking. Coordinated Capital had about 80 affiliated reps and advisers.
Mr. Dwyer, meanwhile, comes from the independent-contractor-broker-dealer industry’s biggest firm, LPL Financial, Mr. Schwartz noted. “Both have decades of experience leading firms and will maintain [FSI’s] position as an influential voice within the industry and among regulators, legislators and policymakers.”
The FSI also said two new members will join its board in January.
Tim Murphy, president and CEO of Investors Capital Holdings, replaces Brian Murphy, chairman of Woodbury Financial Services Inc.
And Valerie Brown, CEO of the ING Advisors Network, replaces Jeff Auld, president and CEO of SagePoint Financial Inc.

Related Topics: Financial Services Institute Inc. (FSI)