Former Northwestern Mutual executive to lead
compliance programs at Cetera Investment Services
SAN
DIEGO, June 24, 2024 /PRNewswire/ -- Cetera
Financial Group, the premier financial advisor Wealth Hub,
announced today that Gwen Weithaus
has been named Chief Compliance Officer for Cetera Investment
Services. In this role, she will oversee the implementation
and maintenance of compliance programs, ensuring policies and
procedures are adhered to and maintained.
With over 30 years in the financial services industry, Weithaus
has vast experience in and knowledge of successfully mitigating
risk for clients, financial professionals, and advisors, as well as
broker-dealers, insurance companies, and investment advisors. Most
recently, she served as Vice President of Wealth Risk and Controls
at Northwestern Mutual, where she was responsible for risk
management and controls programs, regulatory implementations and
delivery, business continuity and resumption programs, and product
and vendor risk management. Weithaus reports to Cetera Chief Risk
Officer Joseph Neary.
"We welcome Gwen to Cetera Investment Services, where she will
play a critical leadership role and we know her contributions will
make a significant impact," said LeAnn
Rummel, president and CEO of Cetera Investment Services.
"Hiring Gwen is the latest example of our commitment to building a
strong and dedicated home office team in support of our financial
institutions, financial professionals and their clients."
"I am extremely excited to join the Cetera organization at a
time of promising growth potential and opportunity," Weithaus said.
"I look forward to using my experience to help Cetera Investment
Services ensure regulatory compliance through policies and
procedures to support our business, our financial institutions and
financial professionals."
Prior to Northwestern Mutual, Weithaus worked as a Regulatory
Consulting Manager at Deloitte and as a Compliance Officer at
Strong Investments. She graduated from the University of Wisconsin Oshkosh with a Bachelor of
Business Administration. She is a graduate of the SIFMA Securities
Industry Institute at the University of
Pennsylvania Wharton School of Business. She holds the
Series 6, 7, 24, 26, 53, and 63 registrations. In addition,
she serves on the FINRA Foundation Board of Directors and the MSRB
Professional Qualifications Advisory Committee.
The appointment of Weithaus follows two additional recent hires
at Cetera Investment Services: Tami
Cain, who joined as Head of Institutional Business
Development, and John Konikowski,
RICP®, who is Senior Manager of Managed Programs. Cain
and Konikowski each have nearly 30 years of financial services
industry experience and worked for CUSO Financial Services prior to
joining Cetera. The appointments underscore Cetera Investment
Services' commitment to growth and expanding focus on credit unions
and managed employee programs.
Weithaus's appointment represents the latest key personnel
addition at Cetera, which recently appointed Jerry Patterson Head of Advanced Wealth
Solutions, appointed Scott Baker
Head of Corporate Strategy and Dan
Burkott Chief Compliance Officer for Cetera's tax channel.
Cetera also recently added several new team members as part of an
expanded investment in advisory solutions, appointed industry
veteran Marten Hoekstra to the
Cetera board of directors, and named Michael Molnar head of corporate
development.
Visit www.cetera.com for more information.
About Cetera
Cetera Financial Group, which is owned by Cetera Holdings
(collectively, Cetera), is the premier financial advisor Wealth Hub
where financial advisors and institutions optimize their control
and value creation. Breaking away from a commoditized and
homogenous IBD model, Cetera offers financial professionals and
institutions the latest solutions, support, and services to grow,
scale, or transition with a merger, sale, investment, or succession
plan. Cetera proudly serves independent financial advisors, tax
professionals, licensed administrators, large enterprises, as well
as institutions, such as banks and credit unions, providing an
established and repeatable blueprint for scalable growth.
Home to more than 12,000 financial professionals and their
teams, Cetera oversees more than $505
billion in assets under administration and $213 billion in assets under management, as of
March 31, 2024. In a recent advisor
satisfaction survey of nearly 35,000 reviews, Cetera's Voice of
Customer (VoC) program vigorously measures advisor experience and
satisfaction 24/7. Currently, it's ranked 4.8 out of 5 stars.
Visit www.cetera.com, and follow Cetera
on LinkedIn, YouTube, Twitter and Facebook.
"Cetera Financial Group" refers to the network of independent
retail firms encompassing, among others, Cetera Investment Advisers
LLC, a registered investment adviser, and the following FINRA/SIPC
members: Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera
Investment Services LLC (marketed as Cetera Financial Institutions
or Cetera Investors), and Cetera Financial Specialists LLC. Located
at: 655 W. Broadway, 11th Floor, San
Diego, CA 92101.
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SOURCE Cetera Financial Group