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

JPMorgan tells fintech firms to start paying for customer data
JPMorgan tells fintech firms to start paying for customer data

The move to charge data aggregators fees totaling hundreds of millions of dollars threatens to upend business models across the industry.

FINRA snapshot shows concentration in largest firms, coastal states
FINRA snapshot shows concentration in largest firms, coastal states

The latest snapshot report reveals large firms overwhelmingly account for branches and registrants as trend of net exits from FINRA continues.

Why advisors to divorcing couples shouldn't bet on who'll stay
Why advisors to divorcing couples shouldn't bet on who'll stay

Siding with the primary contact in a marriage might make sense at first, but having both parties' interests at heart could open a better way forward.

SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives
SEC spanks closed Osaic RIA for conflicts, over-charging clients on alternatives

With more than $13 billion in assets, American Portfolios Advisors closed last October.

William Blair taps former Raymond James executive to lead investment management business
William Blair taps former Raymond James executive to lead investment management business

Robert D. Kendall brings decades of experience, including roles at DWS Americas and a former investment unit within Morgan Stanley, as he steps into a global leadership position.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.