Business Services Industry
James Livingston Named Chief Executive Officer of the National Planning Holdings, Inc.® Broker-Dealer Network
Business Wire, June 12, 2007
SANTA MONICA, Calif. -- National Planning Holdings, Inc. (NPH(SM)), the seventh-largest independent broker-dealer network in the United States1, today announced that James (Jim) Livingston has been named Chief Executive Officer. Mr. Livingston, 52, will assume the duties of Shawn Dreffein, who is retiring effective June 14. In addition to his new responsibilities at NPH, Mr. Livingston will continue to serve as Executive Vice President of Operations for JNLD.
Mr. Livingston has more than 30 years of experience in the financial services and life insurance industries in roles encompassing product management and design, business planning services and corporate finance. Prior to joining JNLD in March of 2003, he served as Chief Financial Officer and Corporate Actuary for Union Central Life Insurance Company in 2002. Mr. Livingston has also held Chief Actuary positions in the US subsidiaries of ING and Allianz.
"I am excited to join the NPH team and look forward to working with the network's talented staff and representatives," said Mr. Livingston. "Shawn Dreffein did a tremendous job establishing a unique culture dedicated to providing our associates with a positive work environment and arming our reps with innovative technologies that help streamline practice management and compliance operations. My goal is to maintain the attributes that have made the network such a compelling business partner, and build upon our current technology offerings to help attract the best reps in the industry."
National Planning Holdings, Inc. is an affiliate of Lansing, Michigan-based Jackson National Life Insurance Company. The NPH network consists of INVEST Financial Corporation([R]), Investment Centers of America, Inc., National Planning Corporation, and SII Investments, Inc. Each company maintains its own unique culture and serves a specific niche of the financial planning marketplace, allowing the NPH network to deliver customized, market-specific services to representatives of all profiles.
For more information about the four independent broker-dealers in the National Planning Holdings network, please visit:
* www.INVESTFinancial.com - INVEST Financial Corporation
* www.InvestmentCenters.com - Investment Centers of America, Inc.
* www.NatPlan.com - National Planning Corporation
* www.SIIOnline.com - SII Investments, Inc.
About National Planning Holdings, Inc.
Santa Monica, Calif.-based National Planning Holdings, Inc. (NPH) is a broker-dealer holding company and an affiliate of Lansing, Mich.-based Jackson National Life Insurance Company. NPH serves as the holding company for the independent broker-dealers INVEST Financial Corporation, Investment Centers of America, National Planning Corporation, and SII Investments, Inc. Collectively, the NPH broker-dealer network currently has nearly 3,000 registered representatives. NPH and Jackson are wholly owned by Prudential plc (NYSE:PUK), a company incorporated and with its principal place of business in the United Kingdom. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America.
1. Independent Broker-Dealer Network rankings by gross revenue, InvestmentNews, 4/23/07
PR 706 06/12/2007
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