Recruitment & Staffing
|No. of reps||1,785||1,769||1,805|
|No. of producing reps||—||1,654||1,684|
|No. of reps producing $100K-$499K /year||—||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|
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...
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 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...
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...
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...
- 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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
InvestmentNews recognized 20 Women to Watch for their efforts to advance the financial advice industry.
Latest news & opinion
Blucora is paying $180 million in stock for 1st Global, with 850 advisers.
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, four stopped so far.
Acquisition would be in line with trend of record keepers seeking to gain scale to combat fee reduction.
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, 4 stopped so far.
There's growing interest among plan participants, but reluctance to add funds that take into account environmental, social and governance factors persists.