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Cetera Taps Stinson as BD President

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What You Need to Know

  • Tim Stinson is the first Black person to serve as president at one of the firm's five BDs.
  • He most recently led wealth management for Cetera.
  • Tom Taylor will shift to a full-time focus as the firm's chief sales and growth officer.

Cetera Financial Group has named Tim Stinson president of Cetera Advisor Networks, making him the first Black person to hold this post at one of its five broker-dealers, according to the firm.

“For more than seven years, Tim has been a key leader at Cetera whose contributions have directly fueled our success, and the Cetera Advisor Networks community will continue to thrive and reach new heights under his guidance,” said a spokesperson for the firm, which includes Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, Cetera Financial Specialists and First Allied Securities. 

Stinson, who most recently led wealth management for Cetera, joined the firm seven years ago from Northern Trust. Earlier, he worked for Fidelity Institutional Wealth Services, Fortigent and SEI Investments and has been in the industry since 1992. 

“I’m excited about the opportunity to expand on Cetera’s success by leading the Cetera Advisor Networks community in collaboration with one of the most formidable leadership teams in the independent broker-dealer space,” Stinson said in a statement. 

With Stinson’s appointment, Tom Taylor — who has been CEO and president of Cetera Advisor Networks and Cetera’s chief sales and growth officer — will transition to a full-time focus on the latter role and serve in an advisory capacity to Cetera Advisor Networks’ leadership team. He joined Cetera Advisor Networks 24 years ago and was its chief operating officer for about 10 years.

Cetera Advisor Networks, which was founded in 1983, has topped $1 billion in total revenue, the firm says.  

“Tim Stinson and Tom Taylor are outstanding professionals and individuals whose contributions to Cetera cannot be overstated. … We look forward to their continued leadership and strategic guidance as we grow our business and serve our financial professional communities in 2022 and beyond,” said Cetera Financial Group CEO Adam Antoniades.

Cetera Financial Group had $344 billion in assets under administration and $120 billion in assets under management as of Sept. 30.