Industry Veteran, Guy Adami, Joins Private Advisor Group to Advocate Independence and Provide Market Strategy

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Aug 06, 2014, 11:00 ET

MORRISTOWN, N.J., Aug. 6, 2014 /PRNewswire/ -- Private Advisor Group, LPL Financial's largest branch office and a $5B RIA, announced today that CNBC FastMoney contributor Guy Adami has joined the firm as Chief Market Strategist and Director of Advisor Advocacy.

Today's hybrid solution for independent advisors. (PRNewsFoto/Private Advisor Group)

"We are delighted to add Guy to our organization", said Patrick Sullivan, Managing Director of Private Advisor Group. "His depth of experience working for some of the largest investment banks coupled with his deep understanding of the markets and financial advisors, makes him a perfect fit as we continue to evolve Private Advisor Group."

In this newly created role, Mr. Adami will be responsible for being a champion for the independent advisor business model, developing new relationships for Private Advisor Group, building on the community based activities that make being part of Private Advisor Group so unique; while continuing concentrate on the markets. Mr. Adami will also stay on CNBC's FastMoney as a contributor.

"I have been following the financial advisory industry for quite some time" said Guy Adami. "I have witnessed the shift in how investors want to work with their financial advisors-- and evidenced how financial advisors want to work in a more independent business model. Private Advisor Group offers financial advisors the ability to benefit from being truly independent while gaining the support and infrastructure of a larger organization. I want to be a part of helping advisors make the decision to go independent. It is not only the model of the future; it is the model of today."

Currently, Private Advisor Group has close to 500 advisors as part of its community and oversees 16B in assets.

Guy has held numerous key leadership roles in the financial services industry. He began his career at Drexel Burnham Lambert in 1986 and was quickly promoted to vice president and head gold trader at the firm. He then joined Goldman Sachs in 1996 as the head gold trader and one of the many proprietary traders within the Fixed Income Currency and Commodity division. In the spring of 2000, Adami joined the U.S. Equities division of Goldman Sachs where he was put in charge of the firm's Industrial/Basic Material group. Adami also served as executive director at CIBC World Markets in 2003 in the U.S. Equities division where he was head of the sector in charge of the Industrial/Basic Material group. Most recently, Mr. Adami was a managing director at OptionMONSTER.

Guy can be reached directly at [email protected] or directly at 973-867-1367.

About Private Advisor Group

Private Advisor Group (www.privateadvisorgroup.com) is today's hybrid solution built to support successful independent financial advisors. Our unique organization is designed to provide world class customer service, in depth risk management and forward thinking solutions. Advisors can expect extraordinary, personal support backed by the industry's largest independent broker-dealer-- enabling them to stay focused on their business.

Media Contact:
Abby Salameh
[email protected]
Phone (973)-867-1354

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SOURCE Private Advisor Group