Cetera makes a strategic investment in CCR Wealth Management;  $2.5 billion training in management assets led by consultant David Borden

Cetera makes a strategic investment in CCR Wealth Management; $2.5 billion training in management assets led by consultant David Borden

Along with its strong suite of succession, acquisition and training pairing choices, Cetera additionally invests in minority positions in distinctive wealth administration practices.

Los AngelesAnd the October 24, 2022 /PRNewswire/- Cetera Financial Groupone of many largest networks of economic professionals in America, introduced as we speak that it has invested a strategic minority in Boston– Area-based CCR Wealth Administration, led by an business professional David Borden. This transfer represents an rising possibility within the impartial dealer dealer area. Now, chosen advisors can select to buy Cetera for a minority stake of their firm and leverage agile development options, possession and know-how to develop the property in depth.

“We’re selective within the firms we help with one of these funding and are proud to associate with David – a well known and revered business chief,” he stated. Adam Antoniadis, CEO at Cetera. “For me, David and his great staff signify ‘Training the Future.’ It’s compelling to see how Cetera’s development options have attracted extra capital to our spectacular CCR property. Moreover, it is vitally rewarding to supply advisors a further path, away from succession and acquisition options.” “

Antoniades added, “This actually places Cetera pores and skin within the recreation, so to talk. We win if the Chancellor wins, which implies the observe is rising exponentially. Constructing on the success we have seen with CCR, we sit up for extra of those selective investments. Every of our monetary professionals take a deep curiosity of their complete enterprise lifecycle.We wish to be a middle of wealth for our valued advisors, providing them as many choices and alternatives as potential.There isn’t any ‘one dimension matches all’ at Cetera.

Managing Accomplice of CCR Wealth Administration, Borden has led the expansion of CCR from a two-person firm to a full-service wealth advisory staff of greater than 25 staff members. The partnership represents Cetera’s dedication to attaining asset development and joint enterprise success, based mostly on a well-established relationship. Cetera has helped drive important asset development for CCR Wealth Administration since becoming a member of Cetera Advisors, LLC in 2000, and the funding represents the following step within the company partnership’s evolution.

“Our work is grounded in impartial and unbiased monetary recommendation, and Cetera’s help helps our potential to broaden our providers and develop our enterprise in ways in which weren’t potential earlier than,” Borden stated. “This partnership offers our devoted staff of workers with extra sources to ship a custom-made, client-focused strategy. As we glance to the long run, the CCR staff is energized and optimistic about this partnership. We sit up for extra shared successes with Cetera.”

Cetera additionally companions with advisors to supply a variety of succession options, together with advisor to advisor help, enterprise continuity options and monetization observe. Current examples embody:

  • In early 2022, he led the staff of Costanzo Monetary Group led by father and son, which operates greater than 500 million {dollars} For shoppers and have been affiliated with Cetera Advisors for 20 years, they contacted Cetera seeking to keep their independence as the daddy approaches retirement. Cetera purchased the corporate in March 2022sustaining the Costanzo Monetary Group’s enterprise construction and its relationship with Cetera whereas enhancing the corporate’s operations and development potential.
  • in January 2021Cetera acquired monetary providers firm BAR Monetary, which has practically 4 billion {dollars} In property beneath Cetera’s My Recommendation Architect® advisory platform. Founding Companions of BAR John BrackettAnd the Eric A. Hookand CFP® and Anthony Tarantino They determined that partnering with Cetera supplied the perfect path to develop the corporate and create the long run they envisioned for his or her enterprise, their households, and their clients.
  • in March 2021Cetera acquires monetary providers firm MAGIS, a RIA targeted on offering complete monetary planning and recommendation to greater than 350 households. The change of possession is designed to help further development for the corporate, which manages roughly 500 million {dollars} to clients.

The diversification of investments in CCR and the above advisory practices positions Cetera able to develop, hedging in opposition to the mercurial market impression and financial uncertainty, which has affected others within the sector.

go to www.cetera.com for extra data.

About Cetera Monetary Group®

Cetera Monetary Group (Cetera) is a number one monetary providers firm that goals to supply the perfect monetary recommendation to as many Individuals as potential. Cetera empowers its monetary skilled communities to assist shoppers obtain their model of economic well-being via Recommendation-Centric Expertise®. Cetera proudly serves impartial monetary professionals, tax professionals, banks and credit score unions in offering in depth monetary planning and wealth administration providers.

Cetera supervises practically 353 billion {dollars} In property beneath administration and 122 billion {dollars} In property beneath administration, as of December 31, 2021.

go to www.cetera.comand comply with Cetera on LinkedInAnd the Twitter And the Facebook.

“Cetera Monetary Group” refers to a community of impartial retail corporations that features, amongst others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Funding Companies LLC (marketed as Cetera Monetary Establishments or Cetera Buyers) and Cetera Monetary Specialists LLC. All firms are members of FINRA/SIPC. Situated at: 655 W. Broadway, 11The tenth flooring, San DiegoCA 92101.

People affiliated with Cetera corporations are both registered representatives who present brokerage providers solely and obtain transaction-based compensation (commissions), or funding advisor representatives who present funding advisory providers solely and obtain asset-based charges, or each are registered representatives and funding advisor representatives, who can present Each varieties of providers.

SOURCE Cetera Monetary Group


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