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
Lori Tobias, arguably one of the hardest-working journalists travelling the 363 miles of U.S. 101 between the Astoria-Megler bridge and the California border, will discuss her recently published memoir, âStorm Beat: A Journalist Reports from the Oregon Coast,â via a Zoom/Facebook Live presentation at 2 p.m., Saturday, May 15.
Hosted by the Cannon Beach Libraryâs Northwest Authors Series, Tobias will discuss her ten years as a correspondent and feature writer for the Oregonian who focused mostly on small-town events, boating disasters, accidents, murders, storms, drownings and 165-ton dock the Tohoku tsunami pushed onto Agate Beach, just north of Newport, on my 65th birthday in 2012.
A round-up of people moves and M&A deals across North America
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The independent wealth management firm has acquired Truuwater Financial.
The transaction combines two San Diego-based wealth managers, expanding BWM to 14 professionals and total client assets of $1.2bn (£870m, €1bn).
This acquisition is the first step in BWM’s expansion strategy, which envisions tripling the firm’s assets to over $4bn by 2025, through acquisitions as well as organic growth.
Robert Meyer, Truuwater’s chief executive and chief investment officer, who will continue to serve as a member of the firm’s investment committee and a senior adviser with BWM.