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

No. advisers: 2,866

AUM: $80,744,232,432

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

2018 2017 2016
No. of reps2,8663,0712,693
No. of producing reps2,3982,5862,488
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.

2018 2017 2016
Total revenues$619,547,036$569,678,779$572,967,406
Commission revenues$269,087,956$253,346,202$279,259,073
Fee revenues$247,597,408$234,919,127$225,689,262
Total revenues: Other$102,861,672$81,413,450$68,019,071
2018 2017 2016
Total account assets$80,744,232,432$90,354,186,474$81,300,338,725
Fee-based assets$22,565,593,705$25,473,952,873$22,164,951,132
Total account assets: Other$58,178,638,727$64,880,233,601$59,135,387,594
Average assets per rep$28,173,145$29,421,747$30,189,506

Hybrid managing $191 million moves to Commonwealth from Cetera

October 28, 2019 - Great Scott Financial Services of Bethlehem, Pa., which manages $191 million in assets, has switched affiliations from Cetera Advisor Networks and Vicus Capital to Commonwealth Financial Network. The firm's founder and principal, Scott Seymour, will be...

SEC takes aim at second Cetera broker-dealer

October 15, 2019 - On Friday, the Securities and Exchange Commission added Cetera Advisor Networks, a registered investment adviser and broker-dealer, as a defendant to an earlier lawsuit against Cetera Advisors. The August complaint alleged that Cetera Advisors had breached...

Top clearing and custody firms for financial advisers

August 17, 2019 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2018 Contact Phone/email Pershing One Pershing Plaza, Jersey City, NJ 07339 (800) 445-4467 pershing.com 625 -4.40% Michael Row Chief relationship...

Cetera Financial Group adds 1,000 advisers, $19 billion in assets so far in 2019

August 14, 2019 - Cetera Financial Group is having a banner year in attracting new advisers to its platform, with recruits ranging in experience and production from sophisticated wealth managers to those relatively new to the financial advice industry. Cetera, a network...

401(k) lawsuits creeping down to smaller plans

August 6, 2019 - Lawsuits filed against employers for allowing excessive fees to be charged in their 401(k) plans have, until fairly recently, targeted only the largest entities, those with more than $1 billion in their retirement plans. However, lawsuits filed in recent...

Cetera Financial Group eliminating Summit as a separate broker-dealer

July 12, 2019 - One of Cetera Financial Group's six broker-dealers, Summit Brokerage Services Inc., is being absorbed into another of the firm's B-Ds. Summit has $17.5 billion in client assets. Its 450 advisers and its branch offices will continue to operate under the...

10 largest RIA aggregators focused on defined-contribution plans

May 18, 2019 - Firm Total D-C assets 
overseen by network advisers ($B) Number 
of D-C 
advisers* Primary 
contact Business 
model Captrust** $256 102 Rick Shoff Managing director Raleigh, N.C. (215) 499-3361 rick.shoff@captrust.com Acquisition RIA: Captrust...

Private equity loves IBDs, but will that last?

May 14, 2019 - A few years ago, the independent broker-dealer industry was supposed to be in its death throes. Margins were in sharp decline. Costs from technology and regulation, in particular the Department of Labor's dreaded fiduciary rule, were eroding profits....

California hybrid managing $200 million switches from Cetera to SA Stone

May 9, 2019 - SB Wealth, a hybrid adviser managing $200 million in assets in San Clemente, Calif., has affiliated with SA Stone, which is based in Birmingham, Ala. (More: See more adviser moves in InvestmentNews' Adviser on the Move database.) The hybrid will use SA...

2019 top independent broker-dealers ranked by revenue

April 24, 2019 - Firm 2018 revenue ($M) % change vs. 2017 2018 commission revenue ($M) % change vs. 2017 2018 fee revenue ($M) % change vs. 2017 2018 other revenue ($M) % change vs. 2017 1 LPL Financial LLC 5188.4 21.2 1919.7 14.9 1793.5 27.3 1475.2 22.8 2 Ameriprise...

    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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