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By 
June 10, 2021 at 09:34 AM
What You Need to Know
- The unit, now operating as Cetera Wealth Partners, has some $37 billion of assets and 130 new employees.
- Cetera says it retained some 93% of the Voya unit's pre-acquisition assets.
- More deals could be in the works.
Cetera says it has completed its purchase of the independent financial planning channel of Voya Financial Advisors.
The unit, now operating as Cetera Wealth Partners, has some $37 billion of assets under administration and 130 new employees. According to Cetera, it retained some 93% of the pre-acquisition assets tied to the business.
The deal was the company’s third transaction of the year, and the second acquisition of an insurance-related business since 2018.
