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Cetera Monetary Group introduced that it has added a crew of economic advisors beforehand affiliated with Park Avenue Securities.
The six-member crew of New Haven, Connecticut–primarily based Wooster Sq. Advisors, led by managing associate and wealth supervisor Brett Amendola, has affiliated with Cetera Advisor Networks by way of Cetera Wealth Companions, in line with the agency.
The Wooster crew, which has a mixed 150 years of economic providers expertise, oversaw about $250 million in belongings beneath administration as of the tip of January, Cetera says. Wooster caters to native small companies, authorized professionals, and purchasers within the greater training and medical fields, in line with Cetera.
“With Cetera’s industry-leading know-how, a broad product and platform suite, and a transparent imaginative and prescient for our observe, Cetera is the proper associate for our enterprise and our purchasers,” Amendola mentioned within the announcement. “As well as, Cetera embraces the significance of independence in an advice-based relationship, and we stay up for accelerating our progress and higher serving purchasers collectively for years to return.”
Cetera says it added a file $13 billion in natural belongings beneath administration in 2022. The agency had greater than 8,000 monetary professionals overseeing a complete of $322 billion in belongings beneath administration and $115 billion in belongings beneath administration as of the tip of the yr, in line with the corporate.
Earlier this yr, Cetera took a minority stake in a Kansas Metropolis, Kansas–space wealth administration agency overseeing $1.7 billion in belongings and entered right into a deal to amass $47.4 billion in shopper belongings associated to Securian Monetary Companies.
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