First Allied Securities, a Member of Cetera Financial Group's Network of Broker-Dealers, Announces New Strategic Partnership With Tambaro Financial Services

First Allied Securities to Provide Broker-Dealer and Custodial Services to Newly-Created Super-OSJ Founded and Led by Art Tambaro, Former CEO of Royal Alliance Associates

News provided by

First Allied Securities, Inc.

Feb 20, 2015, 03:15 ET

SAN DIEGO, Feb. 20, 2015 /PRNewswire/ -- First Allied Securities ("First Allied") – a leading independent broker-dealer supporting fee- and commission-based independent financial advisors across the nation, and a member firm of Cetera Financial Group – today announced a new strategic partnership with Tambaro Financial Services, a newly created enterprise that intends to serve as a Super-OSJ (Office of Supervisory Jurisdiction) – a supervisory and practice management support business to independent financial advisors.

Tambaro Financial Services intends to recruit and supervise successful independent advisory practices and teams from across the country to its firm. Under the terms of this new strategic partnership, Tambaro Financial Services and the independent advisory practices and teams recruited to this new firm will utilize the commission and fee-based services and solutions of First Allied's broker-dealer and registered investment advisor (RIA) platforms. Tambaro Financial Services expects to provide a comprehensive spectrum of turnkey transition, advisor marketing, strategic coaching and back and middle office services to empower the growth of already significant advisor practices and teams. The newly-formed firm will target independent financial advisors who are interested in working with First Allied and who seek an additional level of high-touch support to further advance their businesses.

Based in Red Bank, NJ, Tambaro Financial Services was founded by Art Tambaro – who most recently served as Chief Executive Officer of Royal Alliance, an independent broker-dealer that is part of AIG Advisor Group – and his partner, Louis Tambaro, an attorney and experienced business professional.

Kevin Keefe, President and CEO of First Allied, commented, "We are very excited to welcome Tambaro Financial Services to the First Allied platform. From our initial meetings, it became very clear that both of our firms embrace the importance of a relationship-driven culture when supporting business owners of the industry's most sophisticated financial advisor practices. We are committed to supporting and servicing independent advisors to help them expand, build and promote their practices. Art's industry leadership and proven ability to support successful practices will be an important component to our partnership with his firm, and we are enthusiastic about all that we plan to achieve together."

Art Tambaro, CEO of Tambaro Financial Services, commented, "I am delighted to partner with First Allied Securities in what I believe is an unprecedented opportunity to leverage its distinctive approach to delivering practice management support, together with the resources and scale of one of the industry's largest independent broker-dealer networks, Cetera Financial Group. Tambaro Financial Services intends to build a new business model specifically engineered to drive sustainable growth for sophisticated business owners with established and sizeable financial advisory practices. We believe First Allied is an ideal broker-dealer to support my firm's efforts to evolve and enhance the engagement model between independent platforms and the successful independent advisors they support. My partner, Louis Tambaro, and I envision Tambaro Financial Services creating what we refer to as a 'federation of independent advisor branches' that we expect will work cooperatively with Tambaro Financial Services and First Allied to advance their collective business interests. We are focused on recruiting independent advisor practices with significant annual revenue, and we look forward to all that we can accomplish in partnership with First Allied."

Adam Antoniades, President of Cetera Financial Group, said, "Art Tambaro and his firm's decision to affiliate with First Allied demonstrates how we continue to bring industry-leading scale combined with personalized support delivered through multiple unique firms to the independent broker-dealer industry. First Allied's culture of personalized support and practice management expertise, combined with Cetera Financial Group's scale and resources, made this a logical fit for Tambaro Financial Services."

Mr. Tambaro has more than forty years of industry experience. Prior to establishing Tambaro Financial Services, Art served as Chief Executive Officer of Royal Alliance for seven years and prior to that served as Royal Alliance's Chief Operating Officer for sixteen years.

About Tambaro Financial Services
Founded and led by Art Tambaro, Tambaro Financial Services is a Super-OSJ (Office of Supervisory Jurisdiction) firm working in association with First Allied Securities, the leading independent broker-dealer firm. Based in Red Bank, New Jersey, Tambaro Financial Services provides a comprehensive spectrum of turnkey transition, advisor marketing and other back and middle office services to empower already significant advisor practices to advance their businesses even further. The firm's mission is to transform the Super-OSJ space through its business model of driving accelerated yet sustainable growth for sophisticated independent advisors who have established and sizeable practices.

About First Allied
Based in San Diego, First Allied serves as the firm of choice for independent financial advisors from across the nation who seek to grow their businesses. Our exclusive business development platform has been expertly constructed to provide entrepreneurial advisors with the industry's most comprehensive platform for growth. First Allied is a member of Cetera Financial Group, RCS Capital Corporation's (NYSE: RCAP) retail investment advice platform. As of December 31, 2014, First Allied had approximately $31 billion in assets under administration and 785 affiliated financial advisors. First Allied Securities is part of First Allied Holdings, which also includes The Legend Group, a specialized provider of investment and retirement solutions to the not-for-profit space, including 403(b) accounts.

First Allied offers securities through First Allied Securities, Inc., a registered broker/dealer, member FINRA/SIPC. Advisory services are offered through First Allied Advisory Services, Inc., a registered investment adviser. For more information, please visit www.firstallied.com.

First Allied is a member of Cetera Financial Group, a leading network of independent broker dealers and the retail financial advice platform of RCS Capital Corporation (NYSE: RCAP), a full-service investment firm expressly focused on the individual retail investor.

About Cetera Financial Group
Cetera Financial Group is the retail investment advice platform of RCS Capital Corporation (NYSE: RCAP). It is comprised of nine firms – four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital, J.P. Turner and Company, The Legend Group and Summit Brokerage. VSR Financial and Girard Securities will join Cetera Financial Group following the close of their acquisitions by RCS Capital, bringing the total number of firms to 11. The platform is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to over 9,700 independent financial professionals (including VSR and Girard Securities) and approximately 500 financial institutions nationwide. Through its distinct firms, Cetera Financial Group offers the benefits of a large, established and well-capitalized broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their unique needs and aspirations. Cetera Financial Group is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit www.ceterafinancialgroup.com.

About RCS Capital
RCS Capital Corporation (NYSE: RCAP) is a full-service investment firm expressly focused on the individual retail investor. With operating subsidiaries including retail advice services, wholesale distribution, investment banking, capital markets, investment research, investment management and crowdfunding, RCS Capital's business is designed to capitalize, support, grow and maximize value for the investment programs it distributes and the independent advisors and clients it serves. Additional information about RCS Capital can be found on its website at www.rcscapital.com. RCS Capital may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.

Important Notice
The statements in this press release include statements regarding the intent, belief or current expectations of Cetera Financial Group and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," "look forward" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors. Additional factors that may affect future results are contained in RCS Capital's filings with the SEC, which are available at the SEC's website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and none of First Allied, Cetera Financial Group nor RCS Capital undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Media Contacts:

Joseph Kuo
Haven Tower Group
Tel: 424.652.6521
[email protected]

Matthew Griffes
Haven Tower Group
Tel: 206.402.5853
[email protected]

Logo - http://photos.prnewswire.com/prnh/20150220/176829LOGO

Logo - http://photos.prnewswire.com/prnh/20150220/176828LOGO

SOURCE First Allied Securities, Inc.