On June 6, 2023, Cetera Holdings, the holding company of Cetera Financial Group, Inc., announced the acquisition of The Retirement Planning Group, LLC.
Under the terms of the transaction, Cetera Holdings (“Cetera”) acquired The Retirement Planning Group, LLC (“TRPG”). Cetera will assume full ownership of all of TRPG’s assets under management as well as all 40 of TRPG’s employees, including 14 advisors. Further terms of the deal were not disclosed.
Cetera, based in San Diego, is a wealth management optimization company that services independent financial advisors, institutions, tax professionals, and licensed administrators. As of March 2023, Cetera had approximately $116 billion in assets under management.
TRPG, based in Leawood, Kansas, is a registered investment advisor specializing in wealth management and retirement planning. As of April 2023, TRPG had $1.4 billion in assets under management.
To read the press release: please click here.