NEXT Appoints New Director, Tom Sboto

Houston, Aug. 22, 2017 -- NEXT Financial Holdings, Inc.’s (“NEXT”) has recently appointed a new director, Tom Sboto, who brings an extensive executive management background within the financial services industry to our team. Sboto’s ability to combine his industry acumen with a strong marketing perspective adds a new dimension to NEXT’s Board of Directors. Barry Knight, CEO of NEXT Financial Group, Inc., looks forward to the enhancements that Sboto’s dynamic background will bring to the firm. “As we continue to grow and evolve as a company, our leadership team is essential for the success of both NEXT and our advisors,” said Knight. “Mr. Sboto has the vision and the drive we look for in our firm’s leaders.” Sboto has over 30 years of experience in senior management positions, where he has led many companies’ operations, marketing and recruiting efforts. He served as the Senior Vice President of Securities Settlement Corp for seven years before transitioning to an Executive Vice President position at Round Hill Securities. He then began his journey with First Allied Securities, where he was able to serve the company in many different capacities. He started as an executive Vice President before moving on to become a Senior Managing Director, and finally, the Managing Director of the Chairman’s Division of Mergers and Acquisitions. Most recently, Sboto has served as the Executive Vice President of Legend Group, and is a Senior Consultant at IBDAA Consulting in New York City. “I look forward to applying the experience I have cultivated throughout my career to the NEXT Board of Directors,” said Sboto. “I am excited to become part of a growing company with such a unique and vibrant culture.” NEXT is the parent of NEXT Financial Group Inc., an independent broker-dealer servicing over 600 independent financial representatives throughout the country. NEXT is the recipient of WealthManagement.com’s best-in-class Service award in the 2016 WealthManagement.com Industry Awards. The firm continues building upon its unique culture to better serve the needs of independent financial professionals and their customers. *WealthManagement.com Industry Awards recipients are determined by a panel of judges consisting of professionals from across the financial industry.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/7501b73a-585d-407d-ad49-bc9000222f44

Claudia Hanania
NEXT Financial Group Inc.
713.375.2616
[email protected]