Triad Advisors, a subsidiary of Ladenburg Thalmann Financial Services, has promoted Ernie Strauss to senior vice president and chief compliance officer. He assumes the roles from Chet Payne, who has been promoted to executive vice president and chief operating officer.

Strauss' responsibilities include oversight of daily compliance functions and ensuring compliance with state, federal and self-regulatory agency regulations. Previously, Strauss served as vice president, deputy chief compliance officer and will continue his role as a consultative resource to Triad's more than 500 advisers nationwide.

Payne's responsibilities now include oversight of the firm's daily operations, technology, accounting and adviser compensation departments. Payne will continue to oversee and work closely with the compliance staff. He will also continue his involvement as a member of the executive committee to guarantee the independent broker/dealer is meeting the needs of the advisers it supports and creating innovative solutions to help advisers serve the diverse needs of their clients. Payne additionally serves on the compliance council for the Financial Services Institute.