Head of Supported Independence at Cetera Steps Down

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John Lefferts, who was hired by Cetera Financial Group little than a twelvemonth agone to pb its supported independency division, has moved connected from the relation this week, helium confirmed. He said he would beryllium taking immoderate clip disconnected to bespeak and research his adjacent move.  

Lefferts took implicit arsenic caput of Cetera Investors past April aft astir six years astatine Equitable Advisors, wherever helium was a managing manager and nationalist caput of concern development. 

At Cetera, helium was tasked with moving with the firm’s subdivision managers, advisors and their firms connected operations, exertion and marketing. He led a web of determination maturation teams and 40 subdivision offices.

Lefferts said helium near due to the fact that helium realized the relation was not the champion acceptable fixed his inheritance and accomplishment set. 

“We simply realized that my imaginativeness for my relation did not align with Cetera’s imaginativeness for the role,” helium said. “I privation Cetera Investors and Cetera Financial Group each the best, and I bash judge successful what [CEO] Mike Durbin is building.”

“I’m sincerely grateful for the accidental to enactment with specified a talented team,” helium wrote connected LinkedIn. “What I cognize with adjacent greater clarity present is this: I’m energized by building and scaling high-performing wealthiness absorption businesses. I’m peculiarly drawn to opportunities that harvester blase proposal for high-net-worth clients, advisor improvement and leadership, and the instauration of real, sustainable endeavor value—especially wherever exertion and innovation are reshaping the lawsuit and advisor experience.”
A Cetera spokeswoman did not instrumentality a petition for remark anterior to publication.

This follows quality Thursday that Cetera added Cunningham Financial Group, a steadfast adjacent Birmingham, Ala., with astir $200 cardinal successful assets nether administration, which is affiliated with Summit Financial Networks. The team, led by advisor Jonathan Cunningham, joins from Ameriprise Financial. 

In January, Matt Fries, who had been astatine Cetera for the past 10 years, near the firm, according to regulatory filings. Fries, who astir precocious served arsenic caput of concern products and spouse solutions, exited the institution voluntarily. He joined Inland Real Estate Investment Corp., a existent property concern manager, arsenic CEO and president. 

Also successful January, Cetera announced that Tom Gooley would discontinue from his presumption arsenic main operating serviceman astatine the extremity of the archetypal quarter. 

Cetera presently has astir 12,000 advisors crossed its assorted channels. They collectively oversee much than $640 cardinal successful assets nether medication and $294 cardinal successful assets nether management.