Recruitment & Staffing
|No. of reps||2,866||3,071||2,693|
|No. of producing reps||2,398||2,586||2,488|
|No. of reps producing $100K-$499K /year||0||0||0|
|Total revenues: Other||$81,413,450||$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 28, 2019 - As it deals with turnover at the top of its management ranks, Cetera Financial Group is on pace to recruit advisers with $5 billion in client assets over the first two months of the year, according to senior Cetera executives. Cetera Financial's recruiting...
February 20, 2019 - Robert Moore's resignation from Cetera Financial Group likely signals other changes to come at the giant broker-dealer network, according to advisers and industry observers. Those could range from the firm's owner, Genstar Capital, winnowing the ranks...
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.,...
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 20, 2018 - Will they stay or will they go? That's the question facing Cetera Financial Group's 8,000 brokers and advisers now that they know the company has no intention of offering them retention bonuses to stay on with new owner Genstar Capital. That could trigger...
- 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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