Cetera Recruits $140 Million Team from Commonwealth
Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, has recruited Kansas City-based team, Cramer Capital Management.
Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, has recruited Cramer Capital Management, a Kansas City-based team formerly affiliated with Commonwealth Financial Network that manages $140 million in client assets.
Led by founders Bruce and Dawn Cramer, Cramer Capital Management provides custom financial planning, with a focus on both families and businesses. Bruce and Dawn are involved in multiple business and charitable organizations in the Kansas City community. They serve on multiple boards of directors, including Clay County Economic Development, American Diabetes Association of KC, Newhouse Shelter, and Hillcrest Ministries. Most recently, Dawn was appointed to the Kansas City Board of Police Commissioners by the Missouri governor.
“We continue to attract financial professionals seeking a deeper connection and better support from their firm affiliation,” said John Pierce, Cetera’s head of business development. “Financial professionals are increasingly looking for guidance and expertise to empower meaningful and sustainable growth – both organic and inorganic. We welcome Bruce and Dawn to the Cetera family and are confident their business will thrive.”
The addition of Cramer Capital Management is the latest recruiting win for Cetera, which attracted a record $3.6 billion in assets in the second quarter of 2022.
Cetera Financial Group serves independent financial professionals, tax professionals, banks and credit unions in providing financial planning and wealth management services. Cetera oversees approximately $353 billion in assets under administration and $122 billion in assets under management, as of December 31, 2021.
