FSC Securities Corp. appoints Derek Burke as President and CEO
September 15, 2017 | Luke Schmidt | Blue Vault
On September 13, 2017, FSC Securities Corporation announced Derek Burke will be replacing Jerry Murphy as President and CEO of the firm. With approximately 1,000 financial advisers across the country, FSC is one of the four broker-dealers that constitute the Advisor Group network.
Mr. Murphy is leaving FSC to become a partner at one of FSC’s largest OSJs, or offices of supervisory jurisdiction, which operate similar to branches at independent broker-dealers. Mr. Burke will report to Advisor Group President and CEO, Jamie Price.
“As FSC gets ready to celebrate its 60th birthday in 2018, the firm will maintain the culture underlying its past successes, while also continuing to focus on innovation. It’s crucial to stay ahead of the curve in this digital era and to surpass clients’ evolving expectations. Derek’s skills position FSC to do just that.” said Mr. Price in a statement. Mr. Price became CEO of Advisor Group late in 2016.
Mr. Burke was most recently president of independent broker-dealer Waddell & Reed Inc. FSC currently manages approximately $37 billion in client assets.
