Recruitment & Staffing
|No. of reps||755||814||790|
|No. of producing reps||628||692||742|
|No. of reps producing $100K-$499K /year||0||0||0|
|Total revenues: Other||$36,518,977||$30,456,666||$29,567,872|
|Total account assets||$31,696,838,378||$28,366,634,000||$28,113,000,000|
|Total account assets: Other||$21,143,241,436||$19,350,802,000||$20,164,200,000|
|Average assets per rep||$41,982,567||$34,848,445||$35,586,076|
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,...
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...
October 2, 2018 - In what is believed to be a first-of-its-kind move among insurers, Ohio National Financial Services Inc. has informed broker-dealers that sell its variable annuities that it will terminate servicing agreements and cut off trail commissions by mid-December,...
August 29, 2018 - LPL Financial announced that Sackman & Son Financial Services has joined its broker-dealer and corporate registered investment advisory platforms. Founded in the early 1990s, the Waukegan, Ill.-based firm manages about $360 million in client assets. The...
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...
June 11, 2018 - The Financial Industry Regulatory Authority Inc. has barred former First Allied rep Sean Aaron Brady for failing to respond to two letters requesting information in connection with possible sales violations he may have committed. Mr. Brady, who is no...
- 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.
Updated guidelines and some of the first-ever rule enforcements signal that regulators are getting serious about holding firms accountable for data breaches, according to special projects editor Liz Skinner and technology reporter Ryan Neal.
Latest news & opinion
The data appeared in three spreadsheets, linked on one of the New York-based company's web pages dedicated to its iShares exchange-traded funds
Millennials love it, advisers don't: Turns out, extreme early retirement is a suitable goal for almost nobody.
These 10 American schools have the greatest number of alumni who are billionaires.
The markets took a beating last year, but these exchange-traded funds bucked the trend
Net flows into mutual funds and ETFs were the lowest since the 2008 financial crisis, while money-market funds captured inflows.