New Jersey bank moves $700 million program from Invest to Cetera

Investors Bank brokerage operation has 65 licensed representatives

Jan 10, 2018 @ 11:28 am

By InvestmentNews

Investors Bank, based in a Short Hills, N.J., is moving its retail wealth management program from Invest Financial Corp. to the Cetera Financial Institutions platform.

The bank, a subsidiary of Investors Bancorp, Inc., employs 22 financial professionals and more than 65 licensed personnel in its "Investors Financial" retail investment program, which administers $700 million in assets.

Invest Financial is one of the broker-dealers sold by parent National Planning Holdings in August to LPL Financial.

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