Former Cetera Advisors with $200 Million in Assets Join LPL Financial

Advisors Jerry Kanter and Scott Mason are leaving Securian after more than 30 years with the broker/dealer, in the wake of its planned acquisition by Cetera.

A Newport Beach, Calif.–based team of advisors have left Securian Financial, a broker/dealer Cetera Financial plans to acquire, to join LPL Financial’s broker/dealer, RIA and custodial platforms. Advanced Benefit Systems, led by advisors Jerry Kanter and Scott Mason, manages about $200 million in total assets.

Kanter and Mason said the move was prompted by Cetera’s acquisition of Securian. Cetera announced plans earlier this year to acquire Securian’s retail wealth business and make it a “distinct community” within Cetera Advisor Networks. The transaction is expected to close in August.

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