National Planning Holdings has appointed Joseph J “Jay” Vinson as senior vice president (SVP) and national sales manager, and Tim Munsie as vice president and head of advisory platform strategy.
NPH is the US’s fourth-largest independent broker-dealer network, which includes INVEST Financial Corporation, Investment Centers of America (ICA), National Planning Corporation (NPC) and SII Investments.
“We are very pleased to announce these two new senior-level hires at the NPH network level,” says Scott Romine, president and chief executive officer of NPH. “The recruitment of these two industry veterans, each of whom has extensive experience across a range of leadership roles at successful companies across our industry, 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 financial 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 platform for managing client assets. He will report directly to Romine.
As head of advisory and platform strategy, Munsie will report directly to Vinson and be responsible for the strategy and evolution of WealthOne, including all aspects of its products, pricing and technology.
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, 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. He also served as vice president of recruiting for Investors Financial Group, and as an assistant manager of recruiting, financial planning consultant and recruiter for HD Vest Financial Services.
“I am excited about joining NPH, where I can fulfil my enthusiasm for working with advisors and institutions in order to help them succeed, especially during this rapidly evolving time in our industry,” Vinson says.
Munsie comes to NPH from Infinex Financial Group, where he was the director of advisory business and co-portfolio manager of the firm's proprietary investment models. Before that, he worked 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. Prior to that, he was a financial adviser at UBS Financial Services.
“I look forward to working with NPH and all its member firms,” Munsie says. “I believe that WealthOne offers a superior platform for asset management, and I am excited about helping to develop it further to provide even greater advantages for advisers and clients alike.”