TRPG Acquires $225 Million Advisory Team in Hawaii

Cetera Holdings, the holding company of Cetera Financial Group, announced that Cetera’s employee-based RIA, The Retirement Planning Group (TRPG), has acquired $225 million Lee Financial Group Hawaii, marking its second acquisition of 2024.

Lee Financial, founded and led by Terry Lee, president and CEO, offers investment management and financial planning services. Through the acquisition, six employees will join The Retirement Planning Group.

For independent advisors looking to spend more time on what matters most to them and their business, TRPG can be a partner of choice to help them get there,” Kevin Conard, CEO at TRPG, said.

In February, Leawood, KS-based TRPG completed its first acquisition since being acquired by Cetera in 2023, acquiring Dightman Capital Group, Inc. TRPG now manages more than $2 billion in assets.

Cetera oversaw more than $505 billion in assets under administration and $213 billion in assets under management, as of March 31, 2024.