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Financial Advisory  + Broker/Dealers  + RIAs & Financial Advisors  | 
Cetera Adds Record $13B in 2022, Supported by Recruitment Efforts

Cetera Adds Record $13B in 2022, Supported by Recruitment Efforts

Cetera Financial Group, one of the country’s largest networks of financial professionals, added more than $13 billion in assets through organic recruiting in 2022, a record for the company, surpassing the $10 billion it added in 2021.

Contributing to the record results, Cetera added to its business development team with several key hires and made strategic investments in its onboarding and integration program, Accesslink, in 2022.

The firm recently hired Genevieve Sisco as divisional business development director. Previously, Sisco worked in business development at SagePoint Financial, an Advisor Group affiliate, and has also held roles at Cambridge Investment Research and ING Advisor Network.

“While 2022 was not without its challenges, we are energized and inspired by our results and optimistic about an even better 2023,” said head of business development, John Pierce.

In November, Cetera announced three new hires to the business development team: senior recruiters Jeremy Wilmes and Tim Petrovich and sourcing and engagement specialist James Fox.

Cetera serves more than 8,000 independent financial professionals and their teams, including tax professionals, banks and credit unions. Cetera oversees approximately $322 billion in assets under administration and $115 billion in assets under management.

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Cetera Financial Group

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.