Cetera Financial Group Achieves Prestigious Growth Ranking
Cetera Financial Group Ranks Second in Growth Achievement
Cetera Financial Group has recently achieved recognition as the second-fastest growing independent brokerage in the industry, as highlighted by the prestigious publication Financial Planning. This important ranking underscores the significant growth and success that Cetera has experienced amidst a competitive landscape.
Impact of Strategic Acquisitions
A key factor contributing to Cetera's impressive growth trajectory has been its strategic acquisitions. Last year, with the backing of Genstar Capital, Cetera successfully acquired the retail wealth and trust business of a prominent financial services firm. This acquisition alone added nearly $50 billion in client assets, marking a pivotal moment for the company.
Building a Stronger Community
The professionals who joined Cetera through these acquisitions have significantly enhanced the company's service offerings. With a remarkable retention rate of 91%, these financial experts have formed a cohesive community known as the Cetera Wealth Management Group. This integration not only strengthens Cetera's position in the market but also enriches the experience for existing clients.
Expansion through Avantax Acquisition
In addition to the Securian Financial Group acquisition, Cetera also completed the purchase of Avantax. This strategic move brought over $82 billion in assets under administration into the Cetera family and formed an additional community of over 3,000 financial professionals. The integration of Avantax's resources and brand has been seamless, positioning Cetera for further growth and innovation.
Commitment to Advisor Excellence
Cetera's unwavering commitment to providing the best tools and resources for financial advisors is evident in its high advisor satisfaction ratings. In a recent survey of nearly 35,000 advisors, Cetera achieved an impressive 4.8 out of 5 stars, demonstrating the company's focus on enhancing the advisor experience.
A Thriving Network of Professionals
Cetera Financial Group proudly encompasses a large network of approximately 12,000 financial professionals. Together, they oversee over $521 billion in assets under administration and $224 billion in assets under management. This scale not only reflects Cetera's market strength but also its ability to foster meaningful relationships and support its advisors through various lifecycle events.
Future Prospects and Growth Initiatives
Looking ahead, Cetera continues to innovate and expand, seeking new opportunities that align with its mission to empower financial professionals. By focusing on growth through strategic partnerships and acquisitions, Cetera remains committed to creating value for its stakeholders while maintaining a high standard of service.
Frequently Asked Questions
What is the recent ranking achieved by Cetera Financial Group?
Cetera Financial Group has been ranked as the second-fastest growing independent brokerage in the Financial Planning publication's IBD Elite 2024 list.
What acquisitions contributed to Cetera's growth?
Cetera's growth has been significantly driven by the acquisition of Securian Financial Group's retail wealth and trust business and the purchase of Avantax.
How does Cetera support its financial professionals?
Cetera provides a comprehensive array of tools, resources, and dedicated support to help financial professionals optimize their growth and service offerings.
What is Cetera's advisor satisfaction rating?
Cetera boasts an impressive advisor satisfaction rating of 4.8 out of 5 stars based on a survey of nearly 35,000 advisors.
What is the asset scale managed by Cetera?
Cetera manages over $521 billion in assets under administration and $224 billion in assets under management.
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