Team with $145M practice switches to Cetera Advisor Networks

Team with $145M practice switches to Cetera Advisor Networks
North Carolina advisor team was previously affiliated with Securities America.
SEP 07, 2023

Cetera Advisor Networks has attracted a team of advisors from Hickory, North Carolina, via Convergent Financial Partners, the network’s newest region.

Brent McDonald and his Tar Heel Wealth Management Team have a practice of around $145 million and McDonald's specialties include small business planning, retirement and income planning, estate planning and insurance needs.

The team has a wealth of industry experience, including McDonald’s 18 years, and partners Julie Carroll who is a 29-year veteran of the industry and Ken Kleva with 36 years in the industry. They were previously affiliated with Securities America.

"My team and I are excited to experience the local, boutique feel of Convergent Financial Partners, backed by the national network of Cetera Advisor Networks," McDonald said. "I can't imagine receiving the same control and support anywhere else – and I look forward to seeing how my practice continues to grow and strengthen at Cetera."

Predominantly working with advisors in Florida, Georgia, and the Carolinas, Convergent Financial Partners is led by managing partner Scott Smith.

"As a relatively new region of Cetera Advisor Networks, we welcome Brent aboard and are confident his practice will thrive here," said Smith. "We look forward to providing the local experience for which we're already becoming known – and we can't wait to see how Brent and his practice grow in the environment we've created."

Latest News

Why the off-channel comms problem is far from solved
Why the off-channel comms problem is far from solved

Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."

FINRA penalizes another broker dealer for social media miscues
FINRA penalizes another broker dealer for social media miscues

FINRA has been focused on firms and their use of social media for several years.

Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney
Advisor moves: LPL recruits Merrill alum, Raymond James adds defectors from Edward Jones and Janney

RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.

Cantor Fitzgerald to acquire hedge fund unit from UBS
Cantor Fitzgerald to acquire hedge fund unit from UBS

The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.

Navigating life’s big transitions for women clients
Navigating life’s big transitions for women clients

Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave

SPONSORED The evolution of private credit

From direct lending to asset-based finance to commercial real estate debt.