AIG Advisor Group, an independent broker-dealer network, has promoted Erica McGinnis to serve as president and chief executive, effective immediately.

McGinnis most recently served as senior vice president and chief compliance officer.

In her new role, she will report directly to Stephen Maginn, president and CEO of AIG Financial Distributors.

Along with the senior leadership team at Advisor Group, she will pursue strategies to enhance the service platform to better serve current financial advisors and to attract new registered representatives to the organization.

In her previous role, McGinnis oversaw all supervisory activities for Advisor Group. She joined the firm in 2004 as director of branch exams. She previously managed operations, training and compliance efforts for Charles Schwab, Wells Fargo and Ameriprise Financial.