It's official: Royal Alliance Associates CEO Tambaro to retire at yearend

Royal Alliance Associates Inc. said today that Art Tambaro, its well-regarded president and chief executive, will retire at the end of the year. The formal announcement of Mr. Tambaro's retirement had been widely expected by Royal Alliance advisers over the past several months. Dmitry Goldin, senior vice president of business development at the broker-dealer, will take over as president and CEO at the end of the year. “It has been an absolute privilege to be part of Royal Alliance for the last 20 years,” Mr. Tambaro said in a statement. Mr. Goldin joined Royal Alliance in 2000 as a regional manager and was promoted to a senior management role in 2003. He has held his current role of senior vice president of business development since 2009. Royal Alliance is one of the four independent broker-dealers in the Advisor Group, which is owned by American International Group Inc. The others are FSC Securities Corp., SagePoint Financial Inc. and Woodbury Financial Services Inc. In total, the network has close to 5,400 affiliated reps and advisers.