Updated

Updated · Wealth Management · Jul 20

Cetera Adds 5-Site First National Bank Team as Succession Planning Gains Momentum

Updated

Updated · Wealth Management · Jul 20

Cetera Adds 5-Site First National Bank Team as Succession Planning Gains Momentum

1 articles · Updated · Wealth Management · Jul 20

First National Bank Wealth Management is moving to Cetera from LPL Financial, giving Cetera brokerage support across five northwest Alabama locations with plans to expand.
Mike Durbin said the win fits Cetera’s broader push to keep advisor practices in-house through succession planning, including legacy-builder agreements, internal matchmaking and outright practice purchases.
Durbin said demand has been stronger than expected, with succession talks increasingly starting as recruiting conversations with outside firms before moving into potential in-house transitions.
Cetera now works with more than 400 banks and credit unions nationwide and is pitching a “wealth management in a box” model as a growth channel alongside its reorganized RIA and W-2 platforms.

Sources

Is Cetera’s succession solution a golden parachute for advisors or a golden cage for their assets?

With AI automating financial plans, can Cetera’s human-centric acquisition model maintain its competitive edge?

By staying private to fund acquisitions, is Cetera falling behind nimbler rivals in the race for technological innovation?

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