Father-son practice based in Paramus, New Jersey, represents third
acquisition for The Retirement Planning Group, Cetera's
employee-based RIA
Three employees serving approximately 130
clients to join The Retirement Planning Group, which oversees more
than $2 billion in assets under
management
SAN
DIEGO, Aug. 6, 2024 /PRNewswire/ -- Cetera
Holdings, the parent company of Cetera Financial
Group (collectively, Cetera), the premier financial advisor
Wealth Hub, announced today that Cetera's employee-based RIA, The
Retirement Planning Group (TRPG), has acquired Watters Financial
Services. With approximately $180
million in assets under management*, as of March 31, 2024, the father-son team at Watters
Financial Services is based in Paramus,
New Jersey and led by Tim
Watters, CFP®, and Colin
Watters, CFP®, (father and son, respectively).
The experienced team delivers wide-ranging wealth management
services to more than 130 clients. Through the acquisition, three
full-time professionals will become TRPG/Cetera employees.
"We are pleased to welcome Tim, Colin and the dedicated Watters
team to TRPG," said Kevin Conard,
CEO at TRPG. "The Watters team shares our values and commitment to
clients and we are confident they will find TRPG a great home for
their business and their clients. We anticipate that TRPG will
continue to attract independent advisors looking to spend more time
with their clients and less time running their business and
encourage today's client-centric independent advisors to consider
TRPG."
"As we contemplated the future of our business, we knew we
wanted to increase our focus on what matters most: serving our
clients," said Tim Watters. "Joining
Kevin and the TRPG team has empowered this shift by alleviating
many of the time consuming and cumbersome burdens of operating a
financial planning business. We look forward to a bright
future for our business and our clients together with TRPG."
The acquisition marks the third for TRPG since being acquired by
Cetera. TRPG acquired Dightman Capital Group, Inc. in February and
closed an acquisition of Lee Financial Group Hawaii in June.
TRPG now oversees more than $2
billion in assets under management.
Click here to learn more about TRPG and click here for more
information about Cetera Holdings.
About The Retirement Planning Group
The Retirement Planning Group (TRPG) is Cetera's employee-based
RIA and an SEC registered investment advisory firm headquartered in
Leawood, KS. With over 2,000
clients and $2 billion in assets
under management, as of March 31,
2024, TRPG is one of the fastest growing companies in the
Kansas City area. TRPG helps
clients and their families nationwide navigate every financial
decision they face throughout their lives by providing
comprehensive wealth management services, including retirement
planning, portfolio and investment management, tax planning, tax
preparation and filing by our in-house tax team.
About Cetera
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.
* Value approximated based on asset holding details provided to
Cetera.
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SOURCE Cetera Financial Group