Cetera Advisor Networks

Cetera Advisor Networks

A member of Cetera Financial Group

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200 N. Sepulveda Blvd., Suite 1300

El Segundo, CA 90245

(800) 879-8100

ceteraadvisornetworks.com

Clearing firm: Pershing LLC

No. advisers: 2,665

AUM: $73,268,338,725

Year founded: 1983

Year end: Dec. 31

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOTom Taylor
Recruiting ContactTom Taylor
(310) 257-7588
E-mail
Compliance ContactBryan Jacobsen
(310) 257-7781
E-mail
Marketing ContactMarissa Fox-Foley
619-702-9748
E-mail
Technology Operations ContactMukesh Mehta
(310) 257-7415
E-mail

Recruitment & Staffing

2016 2015 2014
No. of reps2,6652,8972,948
No. of producing reps2,2882,4752,510
No. of reps producing $100K-$499K /year000

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2016 2015 2014
Total revenues$519,544,536$558,973,571$564,822,375
Commission revenues$246,463,524$285,270,894$300,220,064
Fee revenues$210,255,912$228,206,253$222,539,995
Total revenues: Other$62,825,100$45,496,425$42,062,316
2016 2015 2014
Total account assets$73,268,338,725$70,926,910,695$73,569,005,000
Fee-based assets$20,447,951,132$19,611,221,207$19,788,681,000
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

HBW Partners will wind down 55-person B-D and join Cetera

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...

Retirement plan advisers turning to RIA aggregators to build practices

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....

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Top independent broker-dealers reveal their payout tables

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Finra fines eight broker-dealers $6.2 million for selling customers unsuitable variable annuity products

November 2, 2016 - The Financial Industry Regulatory Authority Inc. has fined eight firms a total of $6.2 million and ordered five of them them to pay another $6.3 million in restitution for failing to supervise the sales of variable annuities. As part of the settlement,...

Cetera, plan sponsor sued for excessive fees in $25 million 401(k)

July 19, 2016 - For the second time in two months, a small 401(k) plan is at the center of a lawsuit alleging excessive plan fees. The independent broker-dealer, Cetera Advisor Networks, has been named as a co-defendant — a move experts call a twist of sorts from other...

Despite parent's bankruptcy, Cetera recruits $200 million team

April 20, 2016 - Despite a bankruptcy filing by its parent company, Cetera Financial Group on Wednesday morning announced it had recruited Empire Asset Management Group, an upstate New York team with $200 million in client assets. Cetera Financial Group's parent company,...

RCAP evaluating Docupace's role amid bankruptcy filing

January 5, 2016 - While soon-to-be bankrupt RCS Capital Corp. considers what to do with its majority stake in Docupace, experts say the paperless processing system used by thousands of advisers is unlikely to go away anytime soon. RCAP is evaluating "strategic alternatives"...

Under pressure, will Cetera advisers jump ship?

December 18, 2015 - Some financial advisers affiliated with Cetera Financial Group's broker-dealers are beginning to feel skittish about their future prospects as parent company RCS Capital Corp. operates under the twin weights of a decimated stock price and an $800 million...

Largest independent broker-dealers enjoy double-digit revenue growth

April 26, 2015 - Despite lackluster sales in 2014 of commission-rich products such as variable annuities and nontraded REITs, the leading independent broker-dealers managed to squeeze out double-digit revenue growth in line with the broad market. The 25 largest independent...

    Notes
  • 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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