Cetera Jumps Into RIA M&A Market, Buys $1.4 Billion Firm

Cetera Holdings bought The Retirement Planning Group, a registered investment advisory firm with $1.4 billion in assets.

The acquisition of a pure RIA is a first for Cetera, which owns a network of independent broker-dealers. The deal expands the company’s affiliation options for financial advisors, giving them the “flexibility to affiliate their business with Cetera as they see fit,” Mike Durbin, CEO of Cetera Holdings, says in a statement.

(This news/press release has not been altered by investment.net, apart from the headline, and has been obtained from a syndicated source:- https://www.barrons.com/amp/advisor/articles/cetera-buys-retirement-planning-group-63c626f2)