Eric Schwarts, the chief executive and founder of Cambridge Investment Research (a company that has provided comprehensive investment services to both individual and corporate clients sinc 1981) has made Amy Webber the new president of the company. Amy Webber, who already holds the position of chief operations officer, will also keep that title and continue her work through it.

With the change, Mr. Schwartz will be assuming the role of chairman, a role, which he has informed everyone, that he has filled informally in the pastAnother promotion within the company was to make Jim Guy the first executive vice president. Mr. Guy was formerly the chief marketing officer for the firm. The promotions were made in order to prepare for the whole new leadership generation.

The move has been coming for some time, as Ms. Webber already had most of the departments in the firm reporting to her, with the exception of marketing and recruiting. Mr. Schwartz said that the promotion was something that was an outward showing of what had been already happening for a long time.

Last year, Cambridge reportedly had a gross revenue of 193.4 million dollars, which was an increase of almost 29% since the year before. This information is verified by a survey that was given to independent dealer-brokers by InvestmentNews.