Art Tambaro, former Royal Alliance chief, returns to the securities industry

Longtime industry exec to use Cetera's First Allied as broker-dealer in setting up OSJ.
MAR 23, 2015
The former president and CEO of Royal Alliance Associates Inc., Art Tambaro, is back in the securities industry and is building a new branch office based in Red Bank, N.J. That office, Tambaro Financial Services, will use First Allied Securities, one of the Cetera Financial Group firms, as its broker-dealer. Tambaro Financial Services intends to be a supervisory branch, known as a super office of supervisory jurisdiction in industry jargon, and will seek to recruit independent reps and their practices who are interested in working with First Allied, the company said last week in a statement. One of the most highly respected executives among Royal Alliance reps and advisers, Mr. Tambaro worked at the firm from 1991 until January 2014, according to his profile on BrokerCheck. “Tambaro Financial Services intends to build a new business model specifically engineered to drive sustainable growth for sophisticated business owners with established and sizeable financial advisory practices,” Mr. Tambaro said in a statement. “We believe First Allied is an ideal broker-dealer to support my firm's efforts to evolve and enhance the engagement model between independent platforms and the successful independent advisers they support.”

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.