FAIRFIELD, Iowa--(EON: Enhanced Online News)--Cambridge announced several senior level promotions effective January 1, 2017: Eric Schwartz will become Cambridge’s Executive Chairman of the Board; Amy Webber will become Cambridge’s Chief Executive Officer in addition to her role as President; Ryan Reineke will become Cambridge’s Chief Operations and Technology Officer; Seth Miller will become Cambridge’s Chief Risk Officer in addition to his role as General Counsel; and Kyle Selberg will become Cambridge’s Chief Business Development Officer.
“I am not retiring, but my role has evolved along with the firm and all the talented leaders that we now have in place. Amy continues to report directly to me, with the rest of the firm continuing to report under her as it has for several years.”
Eric Schwartz will become Cambridge’s Executive Chairman of the Board. He continues to be actively engaged from a strategic perspective and is not retiring. Schwartz founded the company over three decades ago and continues to be an earnest and involved leader on Cambridge’s Executive Council as well as many other key committees across the firm.
“Purposeful transformation can take place in many forms, and this includes the evolution of our leadership roles to optimize the core services Cambridge delivers today and into the future,” said Schwartz, Cambridge’s founder. He continued, “I am not retiring, but my role has evolved along with the firm and all the talented leaders that we now have in place. Amy continues to report directly to me, with the rest of the firm continuing to report under her as it has for several years.”
Schwartz emphasized, “After 35 years I still love our business and am inspired by the independent financial professionals and associates dedicated to serving others. Together our purpose is to make a difference, and we are doing so while remaining true to our values and being agile, resilient, and in a constant quest to be better than we were yesterday.”
Amy Webber will become Cambridge’s Chief Executive Officer while continuing in her role as President. As Cambridge’s President over the last decade, Webber has been focused on leading the overall executive management of Cambridge on a day-in, day-out basis. She has been an instrumental leader when it comes to envisioning the future of advice while focusing on how to best serve the needs of those delivering independent advice to investing clients. Over the last several years, she has been focused on leading the development of financial solutions for financial professionals with an independent mindset.
Ryan Reineke will become our Chief Operations and Technology Officer. In this new role Reineke will be assuming responsibility for the strategic relationship management for all technology partners and be accountable for the comprehensive technology experience for advisors and their clients, as well as Cambridge’s home office associates. He will continue as senior vice president while serving on Cambridge’s Executive Council. Reineke has served as Cambridge’s Chief Technology Architect for over 13 years, and over the last decade, he has led the introduction of one of the most innovative advisor workstations in the industry – featuring advisor-friendly technology that is customizable for the broadest range of independent business models across the independent broker-dealer industry.
Seth Miller will become Cambridge’s Chief Risk Officer in addition to his role as General Counsel. He will continue his role as senior vice president and serving on Cambridge’s Executive Council. Miller has been with Cambridge since 2008 and his primary focus has been on managing risk in an increasingly regulated environment while managing all internal and external legal affairs for Cambridge. In this new and expanded role, Miller will be responsible for Advocacy & Supervision in addition to Compliance, Legal, and Risk Management Teams.
Kyle Selberg will become our Chief Business Development Officer while he continues as Senior Vice President and serving on Cambridge’s Executive Council. With over 20 years of industry experience, Selberg joined Cambridge as head of recruiting in 2008 and over the last eight years Cambridge has recruited over $470 million in new business, an average of $58 million per year. Cambridge continues to outpace the industry in recruiting, and in 2016 Selberg led recruiting to a record-breaking year by surpassing $80 million in new business.
Cambridge Investment Group, Inc. is a privately-controlled firm with a national reach across the financial services industry consisting of multiple broker-dealers and RIAs, including: Cambridge Investment Research Advisors, Inc. – a large corporate RIA; and Continuity Partners Group, LLC – a special purpose broker-dealer and registered investment advisor; and Cambridge Investment Research, Inc. – an independent broker-dealer, member FINRA/SIPC, that is among the largest privately-controlled independent broker-dealers in the country supporting over 3,000 independent financial professionals nationwide who serve their clients as registered representatives and investment advisor representatives, choosing to use either Cambridge’s firm Registered Investment Adviser or their own. For more information visit www.joincambridge.com.
Securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, and investment advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Both are wholly-owned subsidiaries of Cambridge Investment Group, Inc.