Is cetera a fiduciary?
As an investment adviser, Cetera is a fiduciary for its advisory clients.
Cetera Investment Services (CRD#: 15340) is a FINRA regulated brokerage firm that is headquartered in St. Cloud, Minnesota. This broker-dealer is currently licensed to operate in 53 states and U.S. territories.
Cetera Investment Services has entered into an arrangement with Pershing, LLC, to act as a third party custodian for certain IRA types. As a custodian, Cetera Investment Services is responsible for the following duties: Maintaining IRA and Coverdell adoption agreements and other related forms.
Total representatives and financial advisors: 1,800. Assets under administration: nearly $30 billion. Total full-time employees: 250. Average team tenure: 19 years in the industry; 12 years with Cetera Investment Services.
Cetera is one of the nation's largest networks of independently managed broker-dealers. Though each broker-dealer 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.
In addition to commissions Cetera Investment Services receives from the sale of Alternative Investment Products, we receive marketing allowance payments from sponsors of Alternative Investment Products.
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 advisem*nt, generating approximately $1.6 billion in annual revenue for the 2016 fiscal year.
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.
(NYSE: VOYA), announced today that it has completed the sale of Voya Financial Advisors' (VFA) independent financial planning channel to Cetera Financial Group, Inc. (Cetera).
Our Custodians: Pershing and Cetera Investment Services
While a broker-dealer helps supervise and facilitate the trading that converts your money into invested assets, those assets are held by a custodian.
Is cetera FDIC insured?
The Insured Deposit Sweep Account is an excellent complement to your investment account with Cetera Investment Services LLC. It allows you to protect your cash balances while still linking your FDIC-insured holdings with your investment account for more control and simplified management of your money.
Founded in 1981, Cetera Advisors has provided clients with access to a network of people, services and support to serve their clients' best interests. Over the past 30 years, the firm has delivered industry-leading advisory products and solutions across all 50 states.
We serve bank and credit union wealth management programs, and financial professionals who serve clients and members within them, to help them deliver high-quality investment products, wealth management solutions, and premier support to meet the everchanging needs of today's investor.
Cetera is headquartered in El Segundo, CA, with other main office locations in San Diego, CA; Denver, CO; Schaumburg, IL; and St. Cloud, MN.
Cetera is great company that offers competitive salary and benefits. Offers flexibility, continuous learning and development, great work culture and job advancement opportunities.
What You Need to Know. The newly launched, Cetera-affiliated RIA Totus Wealth Management is based in Texas. Totus plans to expand its footprint and increase the size of its team. Cetera says it continues to actively recruit advisors and other financial professionals.
