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March 22, 2018 at 09:00 AM
Cetera Financial Institutions (CFI), part of Cetera Financial Group, says it has added the wealth management program of Marquette Bank of Chicago to its platform. The wealth business includes 12 financial professionals with about $382 million in assets.
“The team at Marquette Bank told us they chose to affiliate with us for the same reasons so many other banks and credit unions have — they appreciated our focus on supporting bank- and credit union-based investment programs, our first-rate technology resources and our delivery of an advice-centric experience for advisors and their clients to reshape the future of our industry,” said CFI President LeAnn Rummel, in a statement.
Earlier, the bank’s wealth unit worked with National Planning Holdings-owned INVEST Financial. (LPL Financial acquired the assets of NPH’s broker-dealers in February).
“We’re pleased to have recently completed our transition to the Cetera platform, which has been a positive experience overall,” said Carol Steele, first vice president and director of bank sales for Marquette Bank, in a statement.
Other News
Raymond James’ employee channel says it has recruited an advisor from Wells Fargo, who managed more than $170 million in client assets and had about $1 million in yearly fees and commissions.
Jason Hemeon, CFP, joins Raymond James & Associates in Vienna, Virginia, according to Tom Galvin, North Atlantic regional director for RJA.
“We’re proud that Raymond James’ unique combination of culture and support continues to be a gravitating factor for successful and next-generation advisors like Jason,” said Galvin, in a statement. “We’re pleased to welcome him to the firm, and we look forward to supporting him and his clients as he continues to grow his practice.”
Hemeon has more than 15 years of industry experience, having worked at BB&T Investment Services and most recently Wells Fargo.
“I spent a year and a half exploring firms, and found that instead of homogenizing the client experience, Raymond James focuses on enhancing the advisor’s individual relationship with clients,” he said in a statement.
“When I joined the firm, I was surprised yet pleased to receive a personal message from Tash Elwyn, the president of Raymond James & Associates, welcoming me. We proceeded to have a short email exchange. That’s a real experience and example of the management structure and culture at Raymond James,” Hemeon added.
Cetera Assists Acquisition by Affiliated Firm
Cetera Financial Group says it has facilitated affiliate Bloomfield Hills Financial’s acquisition of Thomson Financial Management.
