After 1.75 Billion Acquisition of Genstar Capital, Cetera Financial Group Announces a New Alignment Program

Posted on October 11th, 2018 at 10:00 AM
After 1.75 Billion Acquisition of Genstar Capital, Cetera Financial Group Announces a New Alignment Program

From the Desk of Jim Eccleston at Eccleston Law LLC:

Cetera Financial Group has announced a new alignment program in an effort to depart from its past industry compensation practices and raise its level of engagement for its 8,000 advisors. Cetera’s announcement proceeds the firm’s $1.75 billion acquisition of Genstar Capital.

According to Cetera’s announcement, the firm plans on raising its level of engagement in a range of areas, including equity participation, strategic planning and implementing a variety of growth programs.

More specifically, Cetera initiated what it called an advisor alignment program designed to offer affiliated advisors’ growth-oriented loans.  

The new alignment program also will give Cetera advisors the opportunity to invest in the firm’s parent company, Aretec, Inc. with a 20 percent equity match from the parent company.

In addition, Cetera will provide advisors with the opportunity to sit at the table with the firm’s board of directors by creating the Advisor Engagement Counsel. Moreover, in addition to the creation of the Advisor Engagement Counsel, Cetera plans on creating several other councils in the areas of marketing, technology, growth, lifecycle planning, new entrants, operations and diversity.

Lastly, Cetera’s financing program will offer its advisors the opportunity to take out two different types of loans, one for succession planning and the other for market-generating initiatives.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, genstar capital, cetera financial group

Return to Archive

TESTIMONIALS

Previous
Next

Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

LATEST NEWS AND ARTICLES

May 19, 2022
UBS Advisor Joins U.S. Capital After Contentious Compliance Review

A UBS Wealth Management advisor who generated $3 million in annual revenue has joined U.S. Capital Wealth Advisors, which is a regional Texas-based firm run by a former UBS manager.

 
 
May 18, 2022
Some Advisors Chose Inopportune Time To Boost Bet On GWG Bonds

Financial advisors who chose to double down on GWG are having second thoughts.

 
 
May 17, 2022
Focus Financial Board Member Sues J.P. Morgan Over $7 Million In Pandemic Losses

A California dermatologist, who also is a Focus Financial Partners board member, has filed a $7 million arbitration claim against J.P. Morgan over pandemic-related losses in a managed account.