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: 3,071

AUM: $90,354,186,474

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 ContactJC Young
(310) 257-7300
E-mail
Compliance ContactJoe Neary
310-257-7594
E-mail
Marketing ContactMichael Zuna
619-881-5277
E-mail
Technology Operations ContactMike Ragunas
310-257-7460
E-mail

Recruitment & Staffing

2017 2016 2015
No. of reps3,0712,6932,897
No. of producing reps2,5862,4882,475
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.

2017 2016 2015
Total revenues$606,849,249$572,967,406$558,973,571
Commission revenues$274,097,089$279,259,073$285,270,894
Fee revenues$247,511,696$225,689,262$228,206,253
Total revenues: Other$85,240,464$68,019,071$45,496,425
2017 2016 2015
Total account assets$90,354,186,474$81,300,338,725$70,926,910,695
Fee-based assets$25,473,952,873$22,164,951,132$19,611,221,207
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

Ron Carson's firm sued by former client for $500,000

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...

Carson Wealth snags Wells Fargo Advisors team in Iowa

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...

Cetera fined $1.4 million for award-winning broker's excessive trades

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...

Cetera loses $185 million firm to LPL, gains $180 million team from Ameriprise

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...

LPL recruits $300 million Founders Federal Credit Union group from Cetera

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.,...

Cetera broker-dealers latest to file legal claim against Ohio National

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,...

Cetera purges board after being bought by Genstar Capital

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...

Acquisition of Cetera being financed through $1 billion junk bond sale

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...

Cetera Financial Group brokers taking wait-and-see attitude on sale

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...

Genstar Capital buys majority stake in Cetera Financial Group

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...

    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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