Recruitment & Staffing
|No. of reps||1,769||1,805||1,966|
|No. of producing reps||1,654||1,684||1,836|
|No. of reps producing $100K-$499K /year||0||0||0|
|Total revenues: Other||$61,857,642||$51,579,629||$41,095,213|
|Total account assets||$37,731,635,643||$33,447,194,810||$33,064,990,691|
|Total account assets: Other||$34,132,106,864||$30,974,910,068||$30,880,426,606|
|Average assets per rep||$21,329,359||$18,530,302||$16,818,408|
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...
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...
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 is close to announcing that it will be acquired by a private equity buyer or group of buyers, according to industry sources, with the company potentially revealing the details as early as 5 p.m. today. The buyers and price tag for...
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...
May 18, 2018 - Envestnet plans to add insurance to the ever expanding list of products and services it offers to financial advisers. First announced by president Bill Crager during his welcoming keynote at the Envestnet Advisor Summit on Wednesday, the company shared...
April 26, 2018 - Cetera Financial Institutions, a division of Cetera Financial Group, wants to make it easier for advisers at banks and credit unions to sell insurance products as part of financial plans. The company announced Thursday that it has improved integration...
March 22, 2018 - Veteran brokerage executive Donald Marron is a serious contender to buy Cetera Financial Group, according to several sources familiar with the potential deal. Cetera, a network of six broker-dealers, is exploring a sale that could be worth about $1.5...
- 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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