Cetera Acquires RIA Firm with $1.4 Billion in Assets

Cetera Holdings, the holding company of Cetera Financial Group, announced that it has acquired The Retirement Planning Group LLC, an independent registered investment advisory firm.

Cetera says TRPG serves high-net-worth individuals, families and retirees and manages approximately $1.4 billion in assets under management across approximately 1,825 client accounts with 40 employees, including 14 advisors, as of April 30, 2023.

TRPG is operated by their senior management, including chief executive officer Kevin Conard, and is headquartered in Leawood, Kansas, with offices in St. Louis, Missouri and Denver, Colorado.

“We admire and embrace TRPG’s values and commitment to helping investors reach their version of financial wellbeing through all life stages,” said Mike Durbin, chief executive officer of Cetera Holdings. “We welcome TRPG to Cetera and look forward to close collaboration and shared success for many years to come.”

As The DI Wire previously reported in April, Cetera Financial Group announced that it attracted nearly $3 billion in assets under administration through its organic recruiting efforts in the first quarter of 2023. In May, Cetera Holdings announced that the company appointed Mike Durbin as chief executive officer.

Cetera Financial Group serves more than 8,000 independent financial professionals and their teams, including tax professionals, banks and credit unions in providing financial planning and wealth management services. Cetera oversees approximately $330 billion in assets under administration and $116 billion in assets under management, as of March 31, 2023.

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