National Financial Partners Corp. today named Daniel J. Young as president and chief operating officer of NFP Securities, Inc. (NFPSI), its broker-dealer business. Young, 40, will oversee day-to-day management of NFPSI, its relationships with NFP-owned and member firm producers, and the marketing activities and operations of NFPSI. He will report to Jeff Montgomery, CEO of NFPSI and executive vice president and COO of NFP Insurance Services, Inc.
"He joins our team at a critical time in the growth cycle of NFP and NFPSI," said NFP Chairman and CEO Jessica M. Bibliowicz, "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 an independent distributor of financial services products to high net worth individuals and entrepreneurial companies through its distribution network of more than 180 firms.
Before joining NFPSI, Young was President and Chief Executive Officer of NYLIFE Securities, New York Life's broker-dealer subsidiary, and Eagle Strategies, New York Life's registered investment advisor. He was responsible for the strategic direction of the two subsidiaries, and both expanded significantly during his tenure. While at New York Life, Young implemented strategies and procedures to address a changing regulatory environment, and developed compliance and training systems for more than 7,500 financial professional nationwide.
Prior to joining the New York Life units, Young was a corporate attorney and litigator with several major law firms. He earned a law degree from the University of Chicago and a bachelor's degree in political science from Stanford University.