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Cetera Names New Chief Compliance Officer for Its Tax Channel

Daniel P. Burkott

Cetera Financial Group has named a new chief compliance officer of Cetera’s tax channel, which includes Cetera Financial Specialists and Avantax, acquired by Cetera Holdings last year.

Daniel P. Burkott has held compliance roles at Voya, Advisor Group, and Mass Mutual during his 20-plus years career. Most recently, he was CCO at Cadaret Grant and led many compliance-shared services functions for Atria Wealth Solutions. Burkott reports to Cetera’s Joseph Neary, chief risk officer, and is CCO for both CFS and Avantax.

“Dan is a very experienced compliance professional who prides himself on building strong working relationships and protecting client interests through best practices, accountability, and transparency,” said Todd Mackay, Avantax president. “Hiring Dan underscores our commitment to recruiting exceptional home office staff in support of our tax-focused advisers as they grow their practices and help clients pursue their long-term financial goals.”

“I’m eager to get underway with the tax-channel compliance teams serving the unique needs of our more than 4,000 tax-focused financial professionals and our home office team,” Burkott said. “It’s certainly a time of tremendous momentum and opportunity at Cetera, and I look forward to bringing my experience to the company in ways that help resolve operational challenges, ensure regulatory compliance, and implement policies and procedures to support the needs of our business and our advisers.”

Burkott earned a Bachelor of Science degree in computer science from Rensselaer Polytechnic Institute, and an MBA from the University of Massachusetts. He holds FINRA Series 4, 7, 24, 53, and 63 licenses.

Burkott’s appointment represents Cetera’s latest key personnel addition. Cetera recently added four team members as part of an expanded investment in advisory solutions, appointed industry veteran 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.

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