Cetera Adds $1.1B King Financial Network to Summit Financial Division 

Cetera Financial Group announced that King Financial Network (KFN), a Manalapan, New Jersey-based multifamily office overseeing more than $1.1 billion in assets under administration, has joined Summit Financial Networks, one of Cetera’s communities within the Cetera Advisor channel. The 14-person team is led by founder and financial advisor Jim King Jr., along with partners Tony Kelly and A.J. Vignola. 

King described the recent LPL acquisition of Commonwealth Financial Network as an “inflection point” that prompted his search for a broker-dealer offering relationship-based support and a strong sense of community—two elements he said were essential to KFN’s growth and client service model. 

“I love that Cetera focuses on service and leverages deep expertise across specialized areas, which mirrors how we conduct business at KFN,” said King. “We’re also looking forward to accessing Cetera’s advanced technology while maintaining Fidelity’s NFS as our custody and clearing partner.” 

Todd Mackay, president of Cetera Wealth Management, welcomed the team, noting: “We’re making the big feel small for Jim and his team by offering personalized service, robust technology, and access to Cetera’s extensive advisory solutions and resources as part of a large, well-resourced company.” 

With this addition, Cetera continues to strengthen its network of advisor teams and multi-generational wealth offices. As of June 30, 2025, Cetera firms collectively oversee more than $590 billion in assets under administration and $263 billion in assets under management across its nationwide platform. 

Pictured: King Financial Network team