Cetera Financial Group has recruited a nine-person team in Overland Park, Kan., with more than $325 million in assets under administration to Summit Financial Networks, a super office of supervisory jurisdiction of Cetera Advisor Networks. The Rally Wealth and Benefits team, led by father and daughter Bruce Glenn and Kristina Strickland, joins from Commonwealth Financial Network after 12 years with the broker/dealer.
"Right away, the whole team was interested in the way Cetera and Summit Financial can provide us a boutique feeling while also giving us access to the unparalleled resources and services of Cetera, a large player in the space,” Glenn said in a statement. “In particular, we are eager to take advantage of Cetera’s Retirement Solutions, which we know has been accelerating recently.”
Glenn and Strickland are joined by Vice President of Operations Carrie White, Vice President of Qualified Plans Joe Michael, Senior Wealth Manager Neil Connolly, Senior Relationship Manager Melissa Sampley, Relationship Manager Bailey Lucito, and associates Lisa Kennell and Danica Murdock-Colin.
Summit Financial Networks was created in 2019 when Cetera shuttered Summit Brokerage, one of its independent broker/dealers, and rolled it up as a “region.” Marshall Leeds continues to serve as president of Summit.
This follows news earlier this week that Steven Dalton, an advisor in Bedford, N.H., with more than $146 million in assets under administration, joined Cetera Wealth Partners, a region of Cetera Advisor Networks, from Cambridge Investment Research.
Last week, Summit also added advisors Paul Seymour and Nicole Parker, who have more than $113 million in assets under administration from Cadaret, Grant & Co.
Cetera now has more than 12,000 financial advisors overseeing more than $213 billion in assets under management.
The El Segundo, Calif.-based firm recently ranked sixth in a J.D. Power survey measuring advisor satisfaction at independent firms, with a score of 557 out of 1,000, just below the segment average of 611.
