What does Cetera Financial Group do?

The company has nearly 8,000 financial advisors, is a leading provider of retail financial services to investment programs of banks and credit unions, and has over $224.5 billion in advisory and brokerage assets under advisement, generating approximately $1.6 billion in annual revenue for the 2016 fiscal year.

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Just so, is cetera a good company?

Cetera is great company that offers competitive salary and benefits. Offers flexibility, continuous learning and development, great work culture and job advancement opportunities.

Subsequently, who does Cetera Advisors clear through? Cetera, with which about 4,800 brokers are affiliated, said it will continue to use its current custodian for the accounts, Pershing LLC, to clear transactions related to the accounts and to serve as PrimeVest’s tax-reporting agent.

Likewise, people ask, is cetera self clearing?

Founded in 1984, Cetera Investment Services LLC is a selfclearing broker-dealer and insurance agency serving the clients of more than 400 financial institutions with assets ranging from $15 million to $13 billion nationwide.

What is the difference between a broker-dealer and a financial advisor?

Investment advisers are paid a flat fee or percentage of AUM to advise clients on securities and/or manage portfolios. Brokers are paid commissions to execute trades or buy and sell assets for clients. … Both professionals are legally prohibited from giving advice that conflicts with their clients’ needs.

Are Cetera Advisors fiduciaries?

As an investment adviser, Cetera is a fiduciary for its advisory clients.

Where is cetera based out of?

Cetera is headquartered in El Segundo, CA, with other main office locations in San Diego, CA; Denver, CO; Schaumburg, IL; and St. Cloud, MN. Our Cetera Investors division has a nationwide network of approximately 40 branches, and our independent professionals have offices in all 50 states.

Who did cetera buy?

Voya Financial’s

Who are the largest independent broker-dealers?

Rankings

Firm Reps ?
1 LPL Financial LLC 16,464
2 Lincoln Financial Network 9,046
3 Northwestern Mutual Investment Services 7,794
4 Ameriprise Financial Services, LLC 7,740

Is cetera an independent broker-dealer?

Cetera is one of the nation’s largest networks of independently managed brokerdealers. Though each brokerdealer in our organization is unique, they are all dedicated to helping financial professionals like you help their clients pursue not only their financial goals and dreams, but their life ones as well.

Is cetera buying VOYA?

Cetera Financial Group and its private equity parent company Genstar announced early Monday that they have entered into a definitive agreement to acquire the assets within the independent financial planning channel of Voya Financial Advisors.

Is cetera a broker-dealer?

As the second largest independent financial advisor network in the nation by number of advisors and a leading provider of investment programs to financial institutions, Cetera Financial Group provides award-winning wealth management and advisory platforms, comprehensive brokerdealer and registered investment adviser …

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