Close Close
ThinkAdvisor

Financial Planning > Tax Planning

Cetera Names New General Counsel

By Janet Levaux

X
Your article was successfully shared with the contacts you provided.

Cetera Financial Group says it has appointed Brian A. Stern to be its general counsel. Stern, who previously worked for the independent broker-dealer HD Vest in Dallas, will be based in Los Angeles and report to Cetera CEO Robert Moore.

Cetera includes Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services/Cetera Financial Institutions, Cetera Financial Specialists, First Allied Securities, Girard Securities and Summit Brokerage Services.

“I’m excited to welcome Brian to Cetera, and I look forward to working closely with him going forward. Brian’s extensive experience in providing strategy and support for independent firms on the widest possible range of regulatory and legal matters makes him an ideal addition to our organization,” Moore said in a statement.

“As legal and regulatory complexities continue to intensify, it’s crucial that independent firms bring in top legal talent with a proven track record for helping to identify and manage key issues that are shaping our industry’s future, and to advocate for our advisors and their clients,” he said.

HD Vest recently announced some personnel news of its own: Bob Oros, former head of Fidelity Clearing & Custody Solutions’ RIA business, is set to become its CEO on Tuesday.

The executive had been in his post at Fidelity for five years. At HD Vest, Oros is succeeding Roger Ochs, who is “stepping down as HD Vest CEO after 30 years with the tax-oriented wealth management firm,” according to the company.

HD Vest has about 4,500 affiliated advisors who work with roughly $38.5 billion in client assets.

For its part, Cetera Financial Group includes about 8,000 affiliated reps with a total of $225 billion in client assets under administration.

— Check out How to Build a $1 Billion Business: Ron Carson’s Recipe for Growth on ThinkAdvisor.

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.