National Financial Partners taps new brokerage boss

FWR Staff

5 December 2007

Young comes to firm aggregator NFP from NY Life's BD and investment units. National Financial Partners has named the former head of New York Life's broker-dealer Daniel Young as president and COO of NFP Securities. In this role, Young will oversee daily management of the NFP broker-dealer and tend to related marketing relationship-building efforts.

Young reports to Jeff Montgomery, CEO of NFP Securities and head of NFP Insurance Services.

Team builder

"Dan comes to us with a wealth of experience and professional accomplishment," says Montgomery. "His experience in running a nationwide business and track record as a team builder and developer of marketing initiatives will help take NFPSI to the next level."

As president and CEO of NYLIFE Securities and Eagle Strategies, New York Life's RIA, Young New York Life's broker-dealer subsidiary, Young directed the two subsidiaries during a period of expansion that coincide with the advent of a new regulatory and compliance environment. He has also worked as a corporate attorney.

NFP's chairman and CEO Jessica Bibliowicz expects Young to make an "important contribution" to the firm's future. "He joins our team at a critical time in the growth cycle of NFP and NFPSI, and we look forward to his strategic insight and operational experience as we continue to expand the scope and level of the services we offer firms and their clients."

New York-based NFP is a network of 180 firms that provide life-insurance, wealth-transfer, corporate- and executive-benefits, financial-planning and investment-advisory services. -FWR

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