Former N.Y. governor joins broker-dealer IFS Securities

Former N.Y. governor David Paterson joins broker-dealer IFS Securities, where he will help develop new business opportunities for firm
MAY 21, 2014
By  Bloomberg
Former New York Governor David Paterson has joined broker-dealer IFS Securities in Atlanta, where he will be chief strategist of U.S. affairs and chairman of the IFS Advisory Board. As part of his role, Mr. Paterson will help guide and assist the broker-dealer and introduce IFS Securities to public companies, municipalities, pension funds and other businesses and organizations. He will also provide advice to the board of directors and senior management as chair of the advisory board. “I believe he'll be very strategic in providing us guidance on how to deal with public companies in terms of his experiences and also insight,” Alex McKenzie, chief executive of IFS Securities, said. He will “help provide direction as we continue to grow the firm.” Mr. Paterson, who was the first African American governor for the state, was lieutenant governor when then-Gov. Eliot Spitzer resigned amid a prostitution scandal. He became governor during the financial crisis of 2008 and stayed in that position until 2010. “His resume speaks for itself,” J.T. Sadler, chief operating officer of IFS Securities, said. “As former governor of New York during one of the biggest crises in the nation's history, he had to navigate a lot of the ins and outs in the financial crisis.” IFS, founded in 1993, has two divisions, an independent adviser network and a capital markets business for institutional clients. It has 32 offices in 17 states and Puerto Rico.

Latest News

Judge OKs more than $90 million in settlement money for GWG investors
Judge OKs more than $90 million in settlement money for GWG investors

Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.

Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs
Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs

Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.

Retirement uncertainty cuts across generations: Transamerica
Retirement uncertainty cuts across generations: Transamerica

National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.

Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future
Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future

While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.

Raymond James continues recruitment run with UBS, Morgan Stanley teams
Raymond James continues recruitment run with UBS, Morgan Stanley teams

A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.

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.

SPONSORED Beyond the dashboard: Making wealth tech human

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