06.25.26

Cetera Brings in Tennessee-Based Marmo, Bolsters National Employee-Advisor RIA

by: James Rogers

Cetera Financial Group has acquired the assets of Tennessee-based Marmo Financial Group, adding approximately $300 million in assets under management and 620 clients to its growing employee-advisor RIA platform. Founder Scott Marmo and his eight-person team will join Cetera Planning Partners, citing cultural alignment and access to in-house estate planning, legal and CPA services as key reasons for the move. The acquisition expands Cetera’s presence in Tennessee and increases Cetera Planning Partners’ assets under advisement to roughly $19 billion. The deal continues Cetera’s active acquisition strategy, following recent additions of MTI Financial Advisors, Tupelo Wealth Partners and 7G Wealth Management.

Read the full article on InvestmentNews