Cetera Advisor Networks
A member of Cetera Financial Group
200 N. Sepulveda Blvd., Suite 1300
El Segundo, CA 90245
Clearing firm: Pershing LLC
No. advisers: 2,665
Year founded: 1983
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||2,665||2,897||2,948|
|No. of producing reps||2,288||2,475||2,510|
|No. of reps producing $100K-$499K /year||0||0||0|
|Total revenues: Other||$62,825,100||$45,496,425||$42,062,316|
|Total account assets||$73,268,338,725||$70,926,910,695||$73,569,005,000|
|Total account assets: Other||$52,820,387,594||$51,315,689,488||$53,780,324,000|
|Average assets per rep||$27,492,810||$24,482,883||$24,955,565|
November 11, 2017 - Cetera Financial Group's Halloween office party this year, CEO Robert Moore dressed up as the Cowardly Lion from the "Wizard of Oz." A more appropriate costume might have been Hercules, who famously completed 12 labors as a penance, since many observers...
August 25, 2017 - LPL Financial's acquisition this month of the National Planning Holdings Inc. network of four broker-dealers with 3,200 reps and advisers certainly has the independent broker-dealer industry abuzz, but transactions involving smaller broker-dealers are...
August 22, 2017 - Five Cetera Financial Group broker-dealers reached settlements with Finra totaling $3.3 million for failing to supervise the application of mutual fund sales charge waivers to eligible clients in retirement plans and at charitable organizations. As part...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
August 1, 2017 - A group of advisers with roughly $6 billion in retirement plan assets has left LPL Financial for Cetera Advisor Networks, according to a source with knowledge of the move. The three advisers belong to Alliant Retirement Consulting, a hybrid registered...
July 18, 2017 - HBW Securities, an independent broker-dealer based in Simi Valley, California, is giving up its broker-dealer status and becoming an office of supervisory jurisdiction with Cetera Advisor Networks. HBW's 55 affiliated financial advisers and its home office...
June 21, 2017 - HBW Partners, a Simi, Calif.-based financial holding company, is winding down its HBW Securities independent broker-dealer and transitioning the firm to Cetera Advisor Networks. HBW's adviser-facing home-office staff and its 55 independent financial advisers...
May 21, 2017 - Some retirement plan advisers are turning to so-called "RIA aggregators" that focus on the defined contribution market to help them build their practices, the primary allure being the scale and support afforded by a large, like-minded adviser network....
April 23, 2017 - Top 50 IBDs ranked by 2016 revenue Bubble view By group Table view Firm 2016 revenue ($M) % change vs. 2015 2016 commission revenue ($M) % change vs. 2015 2016 fee revenue ($M) % change vs. 2015 2016 other revenue ($M) % change vs. 2015 1 LPL Financial...
January 22, 2017 - The 2017 InvestmentNews independent-broker-dealer directory is based on information provided by 90 eligible firms. To be considered for future listings, contact INResearch@investmentnews.com. Visit InvestmentNews.com/bddata for more-complete profiles....
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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