Cetera Financial Group has bolstered its reputation as a premiere advisor wealth hub again as a veteran formerly affiliated with Lincoln’s wealth division joins its network in Ohio.
On Thursday, the firm announced its addition of Charles "Chuck" Hahn to Cetera Advisor Networks.
Hahn, who previously reported managing over $108 million in assets under administration with Lincoln Financial Advisors Corporation – which Osaic snapped up in May as part of its deal for Lincoln’s wealth business – brings over 42 years of industry experience to Cetera, including more than 20 years with Lincoln.
After cutting ties with Lincoln Financial Advisors on May 29, according to his BrokerCheck profile, Hahn will now offer comprehensive financial planning and investment advice to his clients through Cetera.
"Chuck is a talented and dynamic advisor, and I'm proud he's chosen to affiliate with our community," Tim Stinson, president of Cetera Advisor Networks, said in a statement.
Before his tenure at Lincoln, Hahn began his career at New England Securities in 1981 as a registered broker.
"I know his team will benefit greatly from the unique flexibility, resources and support of our unique regional team model and I look forward to watching Chuck grow his already thriving practice at Cetera," Stinson said.
Cetera Financial Group currently supports approximately 12,000 financial professionals and manages over $521 billion in assets, with $224 billion under management as of June 30, 2024. Earlier in the summer, Cetera Advisor Networks’ July recruitment record included a former $151 million Ameriprise advisor in Florida who joined via Summit Financial Networks and a $325 million team from Commonwealth that switched allegiances in Kansas.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
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.
