Personal Finance

What does Cetera Financial Group do?

By: Bryan RedickUpdated: January 12, 2021

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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.

In this regard, is cetera a good company?

Cetera is great company that offers competitive salary and benefits. Offers flexibility, continuous learning and development, great work culture and job advancement opportunities.

One may also ask, 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.

Is cetera self clearing?

Founded in 1984, Cetera Investment Services is an experienced, self-clearing broker-dealer serving the clients of over 500 financial institutions, in all 50 states.

Who does cetera clear through?

Cetera Investment Services LLC is a member of the Depository Trust and Clearing Corporation (DTCC), the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Related

What is the difference between a broker dealer and a financial advisor?

All financial advisors fall into one of two broad categories: Registered Investment Advisors (RIAs) and broker-dealers. RIAs are fiduciaries, while broker-dealers aren't. Broker-dealers, in contrast, receive most of their compensation through commissions based on the investment products they recommend and sell.

How big is Cetera Financial Group?

Founded in 1984, Cetera Investment Services LLC is a self-clearing broker-dealer and insurance agency serving the clients of more than 400 financial institutions with assets ranging from $15 million to $13 billion nationwide.

Who is the largest broker dealer?

Fidelity Investments
The company has $5.4 trillion in total customer assets. This is easily the largest broker-dealer in the United States. Nearly $2 trillion of the company's $5.4 trillion in assets are deposited in Fidelity funds.

What does it mean to be a broker dealer?

A broker-dealer is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer, or principal when it trades for its own account.

How do broker/dealers work?

A broker-dealer is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. A brokerage acts as a broker (or agent) when it executes orders on behalf of its clients, whereas it acts as a dealer, or principal when it trades for its own account.

Is cetera a 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 advisors like you help their clients pursue not only their financial goals and dreams, but their life ones as well.