Who bought cetera?

Who bought cetera?

Genstar took a majority stake in Cetera in 2018 after an ill-fated spree of broker-dealer acquisitions orchestrated by real estate investment trust magnate Nicholas Schorsch, who bought the business from Lightyear for $1.5 billion in 2015.

Is cetera publicly traded?

Cetera Financial Group is the cornerstone of the retail advice division of RCS Capital Corporation, a publicly traded company (NYSE: RCAP) focused on serving the needs of investors with best-in-class solutions.

Did VOYA sell to cetera?

Cetera Financial Group, and its private equity parent company Genstar, announced that it has completed its acquisition of the assets within the independent financial planning channel of Voya Financial Advisors, first announced in February.

Is cetera a reputable company?

Cetera is great company that offers competitive salary and benefits.

Who owns Genstar Capital?

Jean-Pierre Conte is the Chairman and Managing Director of Genstar Capital, responsible for acquisitions, divestitures and oversight of portfolio companies in a number of industries including healthcare and industrials. He joined Genstar Capital in 1995.

Is cetera an independent broker-dealer?

Cetera is one of the nation’s largest networks of independently managed broker-dealers. Though each broker-dealer in our organization is unique, they are all dedicated to helping financial professionals like you help their clients pursue not only their financial goals and dreams, but their life ones as well.

Where is cetera headquarters?

El Segundo
Where is Cetera located? Cetera is headquartered in El Segundo, CA, with other main office locations in San Diego, CA; Denver, CO; Schaumburg, IL; and St. Cloud, MN.

What is VOYA called now?

Voya Financial
Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial….Voya Financial.

Type Public
Website www.voya.com
Footnotes / references

What happened to VOYA?

(NYSE: VOYA), announced today that it has completed the divestiture of substantially all of its individual life insurance and other legacy non-retirement annuities businesses. The closed blocks of business have been acquired by Resolution Life US, a new holding company established by Resolution Life Group.

Are Cetera Advisors fiduciaries?

As an investment adviser, Cetera is a fiduciary for its advisory clients.

How many financial advisors does cetera have?

8,000 financial advisors
The company has nearly 8,000 financial advisors, is a leading provider of retail financial services to investment programs of banks and credit unions, and has over $224.5 billion in advisory and brokerage assets under advisement, generating approximately $1.6 billion in annual revenue for the 2016 fiscal year.

Is Genstar Capital legit?

Genstar Capital is a private equity firm that executes leveraged buyout transactions in middle-market companies based in North America. Founded in 1988, Genstar currently has approximately $17 billion in assets under management.

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