Northern Lights Distributors Appoints Brian Nielsen as CEO, Bill Wostoupal as President

OMAHA, Neb, March 27, 2013 /PRNewswire/ -- Northern Lights Distributors, LLC ("NLD"), a broker-dealer specializing in providing comprehensive, advisor-driven solutions for fund distribution services, has appointed Brian Nielsen as Chief Executive Officer and Bill Wostoupal as President, effective immediately. These management changes were adopted as part of NLD's strategic focus on growth in its sales and distribution platform.  

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Mr. Nielsen had previously served as President, Manager and Principal of NLD since December 2005. As Chief Executive Officer, Brian Nielsen will remain focused on the operational and compliance aspects of NLD's business. Mr. Wostoupal will continue to serve as Executive Vice President of Sales and Business Development for NorthStar Financial Services Group, LLC, a holding company for several subsidiaries which manage and serve financial assets, including NLD. In his new role, he will lead NLD's sales and marketing efforts, with sales and marketing personnel reporting directly to him.

"Northern Lights Distributors has initiated a number of steps to become a more active distribution partner to advisors, adding more distribution channels which ease the process of obtaining selling agreements and establishing funds on broker-dealer platforms," said Mr. Nielsen. "Bill and I are working to ensure that these efforts continue so we can assist even more advisors — from both inside and outside the NorthStar family — with raising assets, forging industry partnerships and adjusting to evolving regulations for mutual funds."

NLD helps clients market their funds to broker-dealer representatives, investment advisors and the investing public, and can also arrange and maintain selling agreements, review fund-related sales and advertising materials and file them with FINRA, keep records of all filed sales and advertising documents, help advisors understand regulatory requirements, and introduce clients to strategic marketing and distribution partners. NLD's sales and distribution professionals closely collaborate with advisors to craft and implement customized marketing and distribution plans designed to meet their respective funds' goals.

In order to provide additional strategic opportunities for clients' funds to raise assets, NLD recently initiated a regional expansion of its sales and distribution team, which now services more than 100 advisors. Jonathan Poyer and Michael Lambatsos were previously appointed NLD Sales and Distribution Managers, and their team includes Kristin Klaus, an Internal Wholesaler who educates NLD clients and independent advisors on the selling agreement and broker-dealer process. NLD is looking to add several more sales and distribution professionals.

"We will continue to seek out dedicated sales and distribution specialists who understand that every advisor requires a unique plan of action to increase assets under management and thrive in an increasingly regulated and competitive mutual fund market," said Mr. Wostoupal. "The growth of our sales and distribution team positions us to deliver a more comprehensive solution to advisors' distinct distribution needs while protecting their funds, employees and shareholders from costly mistakes."

For more information about NLD, please contact Dana Taormina at 973-850-7305 or [email protected].

About Northern Lights Distributors, LLC
Northern Lights Distributors, LLC ("NLD") is a broker-dealer specializing in providing comprehensive, advisor-driven fund distribution solutions. NLD serves as an engaged partner empowering over 100 investment advisors to focus their time on active fund distribution. NLD's primary distribution services include: providing access to hundreds of established selling agreements, processing 12b-1 payments, facilitating NSCC trading and administering advertising review and submission with the Financial Industry Regulatory Authority Inc. ("FINRA").

Treating each relationship uniquely, NLD works side by side with investment advisors to grow assets in their funds by offering sales and distribution support and assisting in defining and implementing marketing and distribution plans. Through sales and distribution managers, NLD connects funds with broker-dealers to help establish selling agreements and develop working relationships with their representatives. For more information, visit www.nldistributors.com.

SOURCE Northern Lights Distributors, LLC