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

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.”