Liberty Securities Corp., the registered broker-dealer of Independent Financial Marketing Group, appointed Richard J. Koll its president on Nov. 5.

Mr. Koll, 34, was previously vice president of broker-dealer operations for Independent Financial, which is based in Purchase, N.Y. He succeeded Bruce Ripepi, 44, who will work full time as Independent Financial's general counsel.

Independent Financial appointed Clara A. Musto, 40, vice president in charge of training and development. Previously the company's director of training, Ms. Musto headed the development of its training program for platform salespeople.

A subsidiary of Boston-based Liberty Financial Cos., Independent Financial has about 65 banking company clients and manages over $61.4 billion of assets. -- Amy L. Anderson

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