Cetera Financial Institutions, a member of the Cetera Financial Group network of independent broker-dealer firms, has recruited the wealth management program of Marquette Bank, a Chicago-based bank with $1.5 billion in total assets and 21 banking centers.
With 12 financial professionals, Marquette Bank’s wealth management program was established in 1999 and provides financial planning, investment management, insurance and retirement services to a retail client base totaling $382 million in assets. The bank moved its program from INVEST Financial Corporation, a subsidiary of National Planning Holdings which was recently purchased by LPL Financial.
“When we set out to identify a new partner for our wealth management program, we knew we wanted a firm that offered an advanced technology platform and a proven track record of success supporting their clients,” said Carol Steele, first vice president and director of bank sales for Marquette Bank. “We look forward to tapping into their expertise to help us grow our wealth management business, starting by increasing the number of advisors in our program.”
Cetera is the second-largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Institutions is the Cetera firm specifically focused on serving the wealth management programs of banks and credit unions.