Cetera Hires 2 Rival Executives to Lead RIA Channel After June Launch
Updated
Updated · Wealth Management · Jul 31
Cetera Hires 2 Rival Executives to Lead RIA Channel After June Launch
2 articles · Updated · Wealth Management · Jul 31
Summary
Cetera named Torrance Chaplin from Primerica and Sean Marrin from Raymond James to lead key communities in its registered investment advisor business.
Chaplin will head Cetera Investors and Marrin will lead the RIA Network, with mandates spanning advisor engagement, recruiting, retention, productivity and long-term growth.
Jennifer Hanau, president of Cetera’s RIA & Branches channel, said the pair will help support financial professionals across their respective channels.
The hires build on Cetera’s June launch of a dedicated RIA & Branches channel that includes a supported RIA option, a W-2 RIA business line and supported independent branches.
With Cetera snatching rival executives to lead its massive RIA expansion, how will competitors defend their top advisors from being poached?
After completing 70 acquisitions, will Cetera's aggressive consolidation strategy ultimately destroy the independence that makes these advisory firms so valuable?