Cetera takes minority stake in $2.5 billion firm
The firm is investing in a Boston-area-based firm that's been affiliated with Cetera since 2000; it suggests such investments could provide a new option for broker-dealers.
Cetera Financial Group has made a minority investment in Boston-area-based CCR Wealth Management, which manages $2.5 billion. Financial terms of the arrangement was not disclosed.
Led by David Borden, CCR and its 25 team members have been affiliated with Cetera since 2000.
Cetera said in a st
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