Cetera Financial Group says one of its broker-dealers has a new leader. Thomas B. Taylor is now president of Cetera Advisor Networks, replacing Douglas S. King, who left to “pursue entrepreneurial ventures.”
Taylor has served as senior vice president and chief operating officer of the broker-dealer, which has about 2,400 affiliated independent advisors and $75 billion in client assets under administration.
“As a longstanding and highly effective member of the senior leadership team at Cetera Advisor Networks, Tom has earned tremendous respect from the firm’s advisors, regional directors and staff for not only his leadership ability, but his depth and breadth of knowledge of all aspects of the business,” said Cetera Financial Group CEO Robert Moore, in a statement.
Taylor has been in the business for 26 years and joined Cetera Advisor Networks in 1997. He became COO in 2006. Before joining Cetera, he worked for five years as a registered representative at Liberty Securities/IFMG.
For his part, King spent 20 years at Cetera. He became president in April 2012.
“Doug has done an outstanding job leading Cetera Advisor Networks and has positioned them for even greater success in the future,” Moore said. “Doug, who has decided to make a change in his career and serve our industry in a more entrepreneurial capacity, has contemplated this personal decision for quite some time. We wish Doug great success and good fortune in all his new endeavors.”
The Cetera Financial Group includes about 8,000 affiliated reps with a total of $225 billion in client assets under administration; its other broker-dealers are Cetera Advisors, Cetera Investment Services/Financial Institutions, Cetera Financial Specialists, First Allied Securities, Girard Securities and Summit Brokerage Services.
Recently, Carson Wealth Management moved to Cetera Advisor Networks from LPL Financial. Carson Wealth is led by Ron Carson and had been affiliated with LPL since 1989.
Carson Wealth had $2.6 billion of assets with LPL, $1 billion on its advisory platform and $1.6 billion on its brokerage platform, as of Oct. 31; according to Forbes, the advisor and affiliated organizations work with $6.6 million in total assets.
— Check out Ron Carson Completes Move From LPL to Cetera on ThinkAdvisor.