What does Cetera Financial Group do?

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 broker-dealer and registered investment adviser …

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Also question is, is cetera a reputable company?

Cetera is great company that offers competitive salary and benefits.

Also, who bought cetera? Genstar Capital

Simply so, what companies does cetera represent?

*”Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed as Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities and Summit Brokerage Services.

How long has cetera been in business?

About Cetera

Though 2010 is the birth of Cetera, our history stretches back much further: Cetera Advisors and Cetera Financial Specialists were founded in 1981, Cetera Advisor Networks in 1983, Cetera Investment Services in 1984, and First Allied in 1994.

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.

Who is cetera advisor?

Cetera Advisor Networks, LLC (CRD# 13572) (“Cetera”) is an independent brokerage firm that was founded in 1983 as Financial Network Investment Corporation (FNIC). … It promotes itself as a pioneer in the emergent independent-contractor broker-dealer scene.

Are Cetera Advisors fiduciaries?

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

How big is Cetera Financial Group?

Cetera Financial, which is backed by private equity firm Genstar Capital and has around 8,000 independent brokers, said the deal would bring its total number of retail customers to 3.1 million and assets served to $300 billion.

Is cetera publicly traded?

Cetera Financial Group is the cornerstone of the retail advice division of RCS Capital Corporation, a publicly traded company (NYSE: RCAP) focused on serving the needs of investors with best-in-class solutions.

Who is the largest broker-dealer?

Ranking Broker-Dealers

Top 15 BrokerDealers 2018 by Assets Under Management
Brokerage AUM
Wells Fargo Advisors $1.6 trillion
TD Ameritrade $1.3 trillion
Edward Jones $1.10 trillion

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.

Who does cetera clear through?

Pershing LLC

What is cetera specialist?

Founded in 1981, Cetera Financial Specialists serves tax professionals who also offer wealth management services. … To serve your needs, your financial professional has: Access to a diverse set of investment solutions to design a financial strategy customized to you.

Is cetera an RIA?

Cetera Financial Group acquired Magis Financial Partners, a Philadelphia-based broker-dealer with more than $490 million in assets under management. Magis operates a separate RIA that will transition to Cetera. … This is the first RIA acquisition that Cetera has made in a while, it noted.

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