An Ohio-based financial planning team with about $300 million in managed belongings is now affiliated with Cetera Monetary Team. Skafco, which contains advisors Rod Skaf and Wayne Niles, will be becoming a member of Cetera from MassMutual.
The crew operates out of Dublin, a suburb of Columbus, Ohio, and will affiliate with Cetera Buyers, the b/d’s branch local community which fashioned in 2019.
“The resources and guidance that Cetera offers stand out in so several areas that are critical to the prolonged-term wellbeing and good results of our follow,” the duo said in a statement. “Cetera’s electronic procedures and advertising and marketing know-how will support us mature our small business in new strategies, and the integration has manufactured our onboarding a lot smoother than we could have anticipated.”
Skaf has been in the business considering that 1996. For MassMutual, he was with MSI Monetary Expert services and Metropolitan Lifestyle Insurance policies Enterprise, in accordance to BrokerCheck. Skaf originally labored as a civil engineer, and splits his time among Dublin and Dallas, Texas. Niles has been in the industry for much more than three a long time, with a specialization in financial investment administration. He’d also earlier been at MSI and was with New England Securities Company for nearly 13 yrs, according to his BrokerCheck profile.
According to John Pierce, head of business enterprise progress at Cetera, the company just lately employed two senior recruiters to Cetera in buy to concentration on the Mid-Atlantic location, and was selling within just the enterprise to fill a placement to bolster the firm’s Midwest expansion strategies.
“Skafco is however an additional significant entity to recruit advisors to be part of, and merging their compelling price proposition with the company methods of Cetera Economical Team blend for an appealing alternative for several advisors,” he explained.
The affiliation with Skafco is the most recent partnership Cetera’s introduced this year. In late March, Hays Breard Economic Group, a Baton Rouge, Louisiana money advisory group with $327 million in managed assets, joined Summit Financial Networks, a area of Cetera. The duo of Michael Breard and Ray Hays joined Summit from LPL.
In January, InTouch Wealth Advisors, a four-human being crew taking care of about $200 million, departed MassMutual to sign up for Cetera via Wilde Prosperity Management, an Arizona-based mostly business. As of the end of 2021, Cetera had about $122 billion in belongings underneath administration and $353 billion in property less than administration.