Cetera Financial Group, one of the nation’s largest networks of independently managed broker-dealers, announced that it recently acquired Powell Financial Partners, a Georgetown, Texas-based independent wealth management firm.
Powell Financial Partners is led by father-daughter team Mickey Powell, and Jennifer Powell, who are affiliated with Cetera Wealth Partners, a community that is part of Cetera Advisor Networks.
“For the last several years, we have been positioning our business to consistently and securely meet the needs of our clients first and foremost,” said Mickey Powell, the founding investment advisor representative for Powell Financial. “We have many financial plans in place that we actively monitor and manage, alongside our clients, to help provide the financial security clients need in their retirement years. Cetera provides us the ability to focus more time on what matters most – doing the best job planning and serving our clients.”
Cetera says the Powell Financial team is focused on executing its long-term strategic plan, which includes Mickey continuing to work with clients in the coming years to help guide them into their retirement years with retirement plans in place. Jennifer Powell, investment advisor representative and partner, works with clients as a trusted advisor, coordinating planning, client reviews and practice operations. A registered assistant and senior relationship manager with more than 18 years of industry experience rounds out the team of three financial professionals at Powell Financial Partners.
Mickey and Jennifer Powell have been affiliated with Cetera Wealth Partners since 2021. Cetera Wealth Partners was created in the same year through the acquisition of assets related to Voya Financial Advisors’ independent financial planning channel.
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.