On September 24, 2024, Cetera Holdings announced that The Retirement Planning Group acquired Parrott Wealth Management, LLC.
Cetera Holdings (“Cetera”) announced, on September 24, 2024, that The Retirement Planning Group (“TRPG”) acquired Parrott Wealth Management, LLC (“Parrott”). Further terms of the transaction were not disclosed.
Cetera, based in San Diego, California, serves independent financial advisors, tax professionals, licensed administrators, large enterprises, as well as institutions, such as banks and credit unions. As of June 2024, Cetera had approximately $224 billion in assets under management.
TRPG, based in Leawood, Kansas, is a registered investment advisory firm, and subsidiary of Cetera, that offers wealth management services, including retirement planning, portfolio and investment management, tax planning, and tax preparation and planning. As of June 2024, TRPG had approximately $2.6 billion in assets under management.
Parrott, based in Austin, Texas, is a wealth management firm that provides investment management, financial planning, and pension services. Parrott has approximately $185 million in assets under management.
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