Recruitment & Staffing
|No. of reps||428||541||528|
|No. of producing reps||—||487||551|
|No. of reps producing $100K-$499K /year||—||0||0|
|Total revenues: Other||$23,383,864||$18,340,590||$10,800,000|
|Total account assets||$17,682,266,761||$17,608,435,680||$12,200,000,000|
|Total account assets: Other||$13,127,164,809||$13,473,807,051||$9,500,000,000|
|Average assets per rep||$32,684,412||$33,349,310||$23,106,061|
February 13, 2018 - Cetera Financial Group has reorganized its six broker-dealers into two "channels" â€” traditional and specialty. The traditional channel consists of Cetera Advisors, First Allied Securities and Summit Brokerage Services. Brett Harrison, now CEO of Cetera...
October 11, 2017 - The Financial Industry Regulatory Authority has barred former broker Kenneth Neuner after he failed to appear at a hearing looking into his unauthorized use of discretion. Mr. Neuner had been employed by Summit Brokerage Services until March, when the...
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...
April 22, 2017 - As commission revenue continued its decline in 2016 and headwinds from regulators stiffened, the independent broker-dealer industry hit a wall, with the top 25 firms â€” those with roughly $250 million and more in total revenue â€” collectively reporting...
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....
October 6, 2016 - The Texas State Securities Board has banned a broker from recommending alternative investments, including nontraded real estate investment trusts, after the broker loaded up a client with too many of those investments. The broker, Mickey Long, was hit...
June 16, 2016 - Aretec, the parent company of Cetera Financial Group, this morning rounded out its board of directors and announced the appointment of three veteran executives to its seven-person board. The three new directors are Mary Cranston, a noted attorney; Robert...
- 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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