Private Advisor Group started its roots as Morristown Financial Group in 1997. It was founded by Patrick Sullivan and John Hyland, who saw the need for greater support for independent advisors. Recognizing that compliance can be a true burden, Patrick and John wanted to assist local advisors with outsourcing services so they could focus on their businesses. The group quickly gained a reputation for being vigilant in its risk management process and began attracting other successful advisors who aimed to outsource functions that did not add value to their practices, such as compliance and supervision.

Today, Private Advisor Group is comprised of a network of advisors who can expect top-notch supervisory and compliance oversight, advocacy within the broker-dealer and beyond, and personal service from staff members who know their business intimately.

Private Advisor Group Growth of Independent Financial Advisors


Private Advisor Group aims to be the best infrastructure support for independent advisors. By partnering with the largest independent broker-dealer, Private Advisor Group has the unique ability to provide exceptional compliance and supervisory oversight, high-touch customer service and an attractive economic model for its over 600 member advisors.


Our vision is to continue to create an organization that cares deeply and passionately about our advisors, our employees and our communities. Our quest to continue to provide solutions for independent advisors will only be successful if we can continue to understand the needs and personal desires of each of these core constituents.