National Planning Holdings Names Jay Vinson SVP, National Sales Manager; Tim Munsie Named VP, Head of Advisory Platform Strategy

EL SEGUNDO, Calif.--(BUSINESS WIRE)-- National Planning Holdings®, Inc. (NPH) today announced that Joseph J. “Jay” Vinson has been named NPH senior vice president and national sales manager and Tim Munsie has been named NPH vice president and head of advisory platform strategy. NPH is the nation’s fourth-largest independent broker-dealer network1, which includes INVEST Financial Corporation (INVEST), Investment Centers of America, Inc. (ICA), National Planning Corporation® (NPC®) and SII Investments, Inc.® (SII).

“We are very pleased to announce these two new senior-level hires at the NPH network level,” said Scott Romine, president and chief executive officer of NPH. “The recruitment of these two industry veterans is part of our broader initiative to prepare for the implementation of the new DOL fiduciary rule, as well as our ongoing strategy to provide our affiliated independent advisors and financial institutions with the highest quality resources and support that they need to succeed.”

In his new position, Vinson will have oversight for internal and external new business development, practice management and NPH’s WealthOne advisory sales team. He will be based in Denver and report directly to Scott Romine. Before joining NPH, Vinson most recently served as vice president and head of new business development for Cetera Advisors, a broker-dealer within the Cetera Financial Group network. Prior to that role, he was senior vice president of business development at NEXT Financial, and before that served as vice president and director of business development for Mutual Service Corporation. Vinson also served as vice president of recruiting for Investors Financial Group and held a number of positions at H.D. Vest Financial Services. He received a bachelor’s degree in economics and finance from the University of Texas at Dallas and holds FINRA Series 7, 24 and 63 registrations.

As head of advisory platform strategy, Munsie will also be based in Denver, and report directly to Steve Dowden, executive vice president and chief operating officer of NPH. He will be responsible for the strategy and evolution of NPH’s WealthOne advisory platform, including all aspects of its products, pricing and technology.

Munsie joins NPH from Infinex Financial Group, where he was the director of advisory business and a portfolio manager of the firm's proprietary investment models. Prior to this role, he held a variety of financial services positions, including working at an independent financial advisory group affiliated with Lincoln Financial Securities, where he served as a founding member of the firm’s investment committee overseeing retail client portfolios, and as a financial advisor at UBS Financial Services. He received a bachelor’s degree in economics from the University of Connecticut and holds FINRA Series 7 and 66 registrations.

The NPH network of broker-dealers supports nearly 3,500 advisors across the country by providing them with a comprehensive spectrum of back- and middle-office services and support. For more information about the four independent broker-dealers in the NPH network, visit nationalplanningholdings.com.

About National Planning Holdings, Inc.

National Planning Holdings, Inc. (NPH) is a broker-dealer holding company and an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company® (Jackson®). NPH serves as the holding company for the independent broker-dealers INVEST Financial Corporation, Investment Centers of America, Inc., National Planning Corporation and SII Investments, Inc. Collectively, the NPH broker-dealer network currently has 3,428 registered representatives (as of December 31, 2015). NPH and Jackson are wholly owned by Prudential plc (NYSE: PUK), a company incorporated in England and Wales. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.

This press release may contain certain statements that constitute “forward-looking statements.” Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements which are other than statements of historical facts. However, as with any projection or forecast, forward-looking statements are inherently susceptible to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. There can be no assurance that management’s expectations, beliefs or projections will result or be achieved or accomplished. Any forward-looking statements reflect NPH’s views and assumptions as of the date of this press release and NPH disclaims any obligation to update forward-looking information.

1 Southwood, D. and Zhu, E. (2015). How the Biggest Independent Broker-Dealer Networks Stack Up: Ranking Five Big IBD Networks by Reps and Revenue. InvestmentNews. May 2015.

PR2326 10/16

View source version on businesswire.com: http://www.businesswire.com/news/home/20161004005936/en/

Michael Dugan / Jessica Caris
Haven Tower Group LLC
424.652.6520 ext 106 or 104
[email protected] or
[email protected]

Source: National Planning Holdings, Inc.

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