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: 2,897
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||$45,496,425||$42,062,316||$39,690,541|
|Total account assets||$70,926,910,695||$73,569,005,000||$74,122,140,000|
|Total account assets: Other||$51,315,689,488||$53,780,324,000||$55,120,676,000|
|Average assets per rep||$24,482,883||$24,955,565||$25,701,158|
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....
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,...
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 â€” a move experts call a twist of sorts from other...
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,...
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"...
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...
October 20, 2015 - Finra continued to whack independent broker-dealers for failing to give clients discounts for large purchases of complex investment products, announcing Tuesday that it had ordered a dozen firms to pay restitution and fines totaling $6.7 million. The...
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...
March 31, 2014 - Excitement for managed solutions is generated from a surprising source. The total is greater than the sum of its partsâ€”at least in how Bill LaVanne uses managed solutions in his practice. Bill, a financial advisor with Cetera Advisor Networks, doesn't...
January 17, 2014 - Holding company IBD subsidiary 2013 2012 % change LPL Financial Holdings Inc. LPL Financial LLC 13,553 13,155 3.0% Ameriprise Financial Ameriprise Financial Services Inc. 7,526 7,449 1.0% Cetera Financial Group Cetera Advisor Networks, Cetera Financial...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2015 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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