Cetera Investment Services Names Former Northwestern Mutual Exec as Chief Compliance Officer
Gwen Weithaus
Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, has named Gwen Weithaus chief compliance officer for Cetera Investment Services. In her new role, Weithaus will oversee the implementation and maintenance of compliance programs.
“We welcome Gwen to Cetera Investment Services, where she will play a critical leadership role, and we know her contributions will make a significant impact,” said LeAnn Rummel, president and chief executive officer of Cetera Investment Services. “Hiring Gwen is the latest example of our commitment to building a strong and dedicated home office team in support of our financial institutions, financial professionals, and their clients.”
According to Cetera, Weithaus has more than 30 years of experience in the financial services industry, along with vast expertise and knowledge of successfully mitigating risk for clients, financial professionals and advisers, as well as broker-dealers and insurance companies.
“I am extremely excited to join the Cetera organization at a time of promising growth potential and opportunity,” Weithaus said. “I look forward to using my experience to help Cetera Investment Services ensure regulatory compliance through policies and procedures to support our business, our financial institutions, and financial professionals.”
Most recently, Weithaus served as vice president of wealth risk and controls at Northwestern Mutual, where she was responsible for risk management and controls programs, regulatory implementations and delivery, business continuity and resumption programs, and product and vendor risk management. Prior to Northwestern Mutual, Weithaus worked as a regulatory consulting manager at Deloitte and as a compliance officer at Strong Investments.
Weithaus graduated from the University of Wisconsin Oshkosh with a Bachelor of Business Administration. She is also a graduate of the SIFMA Securities Industry Institute at the University of Pennsylvania Wharton School of Business. She holds FINRA Series 6, 7, 24, 26, 53, and 63 licenses.
In addition, Weithaus serves on the FINRA Foundation board of directors and the MSRB Professional Qualifications Advisory Committee. She reports to Joseph Neary, Cetera Chief Risk Officer.
Weithaus’ appointment represents the latest key personnel addition at Cetera, which recently named Jerry Patterson as head of advanced wealth solutions, Scott Baker as head of corporate strategy, and Daniel Burkott as chief compliance officer for Cetera’s tax channel. The firm also recently appointed Marten Hoekstra to the Cetera board of directors and named Michael Molnar head of corporate development.
Cetera Financial Group, which is owned by Cetera Holdings, serves more than 12,000 independent financial professionals and their teams, including tax professionals, banks, and credit unions in providing financial planning and wealth management services. Cetera oversees more than $505 billion in assets under administration and $213 billion in assets under management, as of March 31, 2024.
Click here to visit The DI Wire directory page.
