Cetera Completes Acquisition of Assets Related to Voya Financial Advisors' Independent Financial Planning Channel
Marks Cetera's Second Acquisition of a Carveout From an Insurance-related Business
New Business, Cetera Wealth Partners, Retains Independent Financial Planning Channel's Management Team, More Than 90% of Financial Professionals and More Than 93% of Assets Under Administration
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LOS ANGELES, June 9, 2021 /PRNewswire/ -- Cetera announced today that it has successfully completed the acquisition of certain assets related to the independent financial planning channel of Voya Financial Advisors. The acquisition is the company's third in 2021, and the second successful acquisition of an insurance-related carveout since 2018. Underpinning Cetera's inorganic growth strategy is the mission to meet financial professionals where they are to empower them to deliver an Advice-Centric Experience