Recruitment & Staffing
|No. of reps||3,071||2,693||2,897|
|No. of producing reps||2,586||2,488||2,475|
|No. of reps producing $100K-$499K /year||0||0||0|
|Total revenues: Other||$85,240,464||$68,019,071||$45,496,425|
|Total account assets||$90,354,186,474||$81,300,338,725||$70,926,910,695|
|Total account assets: Other||$64,880,233,601||$59,135,387,594||$51,315,689,488|
|Average assets per rep||$29,421,747||$30,189,506||$24,482,883|
February 14, 2019 - Carson Wealth Management, one of the most recognizable names in the financial advisory business, is being sued by a former client for $500,000 for charging fees the client claims were excessive. The arbitration claim, which was filed on Dec. 24, came...
January 7, 2019 - Carson Wealth has picked up a team of four financial advisers from Wells Fargo Advisors in Des Moines, Iowa. Led by 30-year brokerage veteran Joel Worsfold, the team moved on Friday, according to Mr. Worsfold's BrokerCheck report. Ron Carson, Carson Wealth's...
December 20, 2018 - Cetera Advisor Networks must pay nearly $1.4 million in fines and restitution in relation to the short-term mutual fund purchases of a former broker, who'd received sales awards from the broker-dealer for two consecutive years. The Financial Industry...
December 12, 2018 - Cetera announced its loss of an $185 million firm to LPL Financial the same day it gained a $180 million husband-wife team from Ameriprise. Cetera Advisor Networks lost John Marshall & Associates Investment Center to LPL Financial's broker-dealer and...
November 28, 2018 - LPL Financial has recruited a team managing $300 million from Cetera Advisor Networks, one of six independent broker-dealers under Cetera Financial Group. Founders Investment Services, an advisory unit of Founders Federal Credit Union in Lancaster, S.C.,...
November 21, 2018 - This story has been updated to include additional information not available when originally published. The six broker-dealers in the Cetera Financial Group network have filed arbitration claims against Ohio National Life Insurance Co. and affiliates,...
October 11, 2018 - Cetera Financial Group said on Thursday morning that it had overhauled its board of directors, with its new board reflecting the recent sale of the large brokerage network to Genstar Capital for $1.7 billion. Gone are Bob Dineen, the former head of Lincoln...
August 21, 2018 - Genstar Capital plans to finance the majority of its acquisition of Cetera Financial Group through the sale of $1 billion worth of junk bonds. According to a source close to investment bankers who did not want to be identified, the total price tag for...
July 19, 2018 - Cetera Financial Group's 8,000 brokers are taking a wait-and-see attitude in reaction to news that their company has been sold yet again, this time to a private equity firm that could very well put it up for sale down the road. One big question to be...
July 17, 2018 - Cetera Financial Group, a network of six independent broker-dealers with about 8,000 brokers and advisers, said Tuesday evening that private-equity firm Genstar Capital will buy a majority equity stake in the company. Cetera's holding company, Aretec...
- 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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