Oakdale, Minn.-based Woodbury Financial today announced that Rick Fergesen has been named president and CEO of the broker-dealer.
Fergesen previously served as the firm’s executive vice president of business and field development.
He joined Woodbury in 1998 as vice president of strategic and operational planning and was named chief financial officer in 2001.
Fergesen played a critical role in Advisor Group’s acquisition of Woodbury Financial in 2012, successfully implementing the integration plan he created that resulted in high retention and new advisor recruits, according to the firm.
“Rick's demonstrated capabilities, his knowledge of Woodbury Financial’s culture, employees, and advisors, and his insights into the independent broker-dealer industry make him an excellent choice to lead Woodbury Financial into the future,” said Erica McGinnis, president and CEO, Advisor Group.