Cetera Expands Its Tax-Focused Community with New Firm Acquisition
Cetera Welcomes Oestriecher Financial Management
Cetera is thrilled to announce the addition of the Oestriecher Financial Management Services (OFMS) to its esteemed community of tax-focused advisors known as Avantax. This multigenerational firm, with approximately $154 million in assets under administration, is set to thrive with the extensive support offered by Cetera.
Transitioning for Future Generations
Founded in 1999 by Anne Oestriecher's father, Emile P. "Mr. O" Oestriecher III, CPA, the firm has built a reputation for fostering trusted relationships in their community. Having been initially affiliated with HD Vest, which has now become Avantax, OFMS is primed for growth as it transitions to Cetera.
Commitment to Multigenerational Growth
The firm is making this move to ensure that its next generation of advisors has access to the resources they need to succeed. Anne Oestriecher, who took a significant role after her long career in public accounting, expressed her excitement about the future leadership of the firm. "As we transition to new leadership, the growth support from Cetera will be invaluable for our team as we continue to serve our clients effectively," she shared.
Why the Move to Cetera?
Undoubtedly, the decision to transition from LPL to Cetera was strategic. Seeking to empower the upcoming leader through robust marketing and growth resources, Oestriecher highlighted her appreciation for Cetera's tax-centric approach. She stated, "This program significantly influenced our decision in joining Cetera, as it aligns perfectly with our firm’s values and client service goals."
Focus on Client Relationships
Maintaining a focus on tax-centered financial planning, Oestriecher mentioned, "The team-oriented approach has always been at our core. Our clients can expect the same dedication and high-quality service as we move forward with our new ownership model. Cetera's emphasis on tax-intelligent planning truly complements our mission."
Community Engagement and Legacy
Oestriecher Financial Management is deeply rooted within the Alexandria community, which is pivotal for their longstanding relationships with clients. New-generation leaders like Christopher Daigrepont and William Whisenant are stepping up to lead the firm with a steadfast commitment to client care and community involvement.
A Commitment to Client Legacy
Clint Brookshire, a community leader at Avantax, welcomed the firm wholeheartedly. He recognized the importance of the merger, emphasizing the combination of OFMS's established trust with the innovative capabilities of the next generation. He remarked, "We are excited to foster their journey as they enhance our family-focused practice and uphold the Oestriecher legacy."
About Cetera and Avantax
Cetera Financial Group operates as a central hub for wealth management services, empowering advisors and firms with tailored support and flexible growth solutions. With a vast network of approximately 12,000 advisors, Cetera prioritizes a community-oriented culture paired with innovative technology to propel advisor success. As of the latest figures, Cetera oversees over $590 billion in assets, solidifying its reputation as an industry leader.
Financial Solutions for Today’s Market
In an environment where tax planning is critical to financial success, the Avantax community under Cetera advocates for strategic wealth management guided by tax-efficient practices. Together, they aim to deliver unparalleled service tailored to the unique financial goals of their clients. This merger not only marks a milestone for OFMS but reflects Cetera's continuing evolution as a leader in the financial advisory space.
Frequently Asked Questions
What services does Oestriecher Financial Management offer?
Oestriecher Financial Management specializes in tax-focused financial planning, wealth management, retirement planning, and estate planning.
Why did Oestriecher Financial Management move to Cetera?
The firm transitioned to Cetera to leverage its tax-centric resources, marketing tools, and growth support for its next-generation advisors.
Who are the main advisors at OFMS?
The firm is led by Anne M. Oestriecher, CPA, CFP, Christopher Daigrepont, and William Whisenant.
How long has Oestriecher Financial Management been in business?
Founded in 1999, Oestriecher Financial Management has over two decades of experience in providing financial services.
What makes Cetera unique in the financial services industry?
Cetera offers a unique blend of modern technology, integrated solutions, and a commitment to long-term value, allowing advisors to grow and thrive independently.
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