Cetera Advisor Networks LLC is a large advisory firm based in El Segundo. It manages $18.1 billion of regulatory assets for 71,503 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Cetera Advisor Networks provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Cetera Advisor Networks LLC is $18.1 billion. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Cetera Advisor Networks LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Cetera Advisor Networks is high net worth individuals with 18,578 clients and $8.58 billion of assets under management. Among the 8 most similar advisory firms, Cetera Advisor Networks has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $18.1 billion for 71,503 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Cetera Advisor Networks doesn't advise any private funds.
The company employs 1,767 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 1,694 employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Cetera Advisor Networks LLC performs its advisory services is located at 200 N. Pacific Coast Highway, El Segundo, CA 90245 5672, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-326-3100 or by fax 310-784-1164. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ceteraadvisornetworks.com.