On August 6, 2024, Cetera Holdings announced that The Retirement Planning Group acquired Watters Financial Services.
Cetera Holdings (“Cetera”) announced on August 6, 2024, that its wholly owned employee-based RIA, The Retirement Planning Group (“TRPG”), acquired Watters Financial Services (“Watters”). 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 March 2024, Cetera had approximately $213 billion in assets under management.
TRPG, based in Leawood, Kansas, is a registered investment advisory firm offering wealth management services, including retirement planning, portfolio and investment management, tax planning, and tax preparation and planning. As of March 2024, TRPG had approximately $2 billion in assets under management.
Watters, based in Paramus, New Jersey, is a registered investment advisor providing clients with wealth management services, including investment analysis, risk management, retirement strategies, estate conversion, and insurance. As of March 2024, Watters had approximately $225 million in assets under management.
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