Cetera is all set to enter its next chapter of growth with a leaner organizational profile. Cetera Financial Group has announced the successful completion of its advisory business consolidation, merging Cetera Advisors with its sibling registered investment adviser, Cetera Investment Advisers.
Aimed at streamlining operations and reducing costs, the savings from the effort – which was completed on schedule and under budget – are to be reinvested in advisor support and growth initiatives.
The integration is poised to enhance operational efficiency without adversely affecting affiliated advisors, with the continuing entity Cetera Investment Advisers serving as the primary RIA for legacy Cetera communities.
"This consolidation is a win for Cetera and our advisors, and we are pleased to have completed such a large-scale project so efficiently," Tom Taylor, chief sales and growth officer at Cetera, said in a statement.
Taylor noted the opportunity unlocked by the consolidation to “[reinvest] in tools and resources that will help our advisors grow their businesses and benefit their clients.”
He also lauded the project team behind the reorganization for “their commitment to our financial professionals.”
The consolidation follows a notable move in February, when Cetera launched its "Growth Guarantee" program.
That initiative assures newly affiliated financial advisors and institutions participating in the GrowthLine program a minimum 38 percent increase in their assets under administration or offers a refund of their affiliation fees up to $2,400.
The wealth giant’s ongoing charm offensive aimed at advisors is part of a larger master plan to raise its appeal on Wall Street and among bankers in the run-up to a potential IPO and stock listing within the next five years.
AI is no replacement for trusted financial advisors, but it can meaningfully enhance their capabilities as well as the systems they rely on.
Prudential's Jordan Toma is no "Finfluencer," but he is a registered financial advisor with four million social media followers and a message of overcoming personal struggles that's reached kids in 150 school across the US.
GReminders is deepening its integration partnership with a national wealth firm, while Advisor CRM touts a free new meeting tool for RIAs.
The Texas-based former advisor reportedly bilked clients out of millions of dollars, keeping them in the dark with doctored statements and a fake email domain.
The $3.3 trillion tax and spending cut package narrowly got through the upper house, with JD Vance casting the deciding vote to overrule three GOP holdouts.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
