Securities America, the investment advisory firm, has recently named Jim Nagengast as chief executive officer.

Nagengast joined the company in 1994 as vice president for finance and then moved on to become chief financial officer in 1997, information services head in 2000 and chief operating officer in 2004. His most recent role was as president, which he assumed in 2008.

He takes over from Steve McWhorter, who retired in January after 23 years at the firm.

"We have crafted a great employee culture at Securities America, and I look forward to building on the strengths, traditions and shared values as its CEO," Nagengast said in a statement.

Securities America is headquartered in La Vista, Nebraska. It has over 1,900 financial advisors across the US, with almost $53 billion in client assets under supervision.