Cetera Financial CEO Antoniades to Retire at Year-End

Adam Antoniades, CEO of Cetera Financial Group, will retire at the end of the year. Mike Durbin, CEO of Cetera Financial Group’s parent firm, Cetera Holdings, will oversee both brands. Antoniades will maintain his position on Cetera’s board of directors.

Antoniades has served as CEO since 2019. Under his tenure, Cetera acquired nine companies, increasing its assets under management by 200% and overall revenue by nearly $2.8 billion. Antoniades played a pivotal role in integrating the proprietary platforms AdviceWorks and Growth 360.

Durbin started at Cetera in May 2023 following his departure from a senior advisory position at Fidelity Investments, where he previously held the role of president of the institutional business.

“There are many chapters in every exceptional organization. I am proud to have served as both a turnaround and expansion CEO, guiding the company through crucial phases of growth and transformation,” Antoniades said. “Mike is a proven leader who will guide the next chapter, driving the company forward into even greater opportunities for accelerated growth and success.”

Antoniades has dedicated 35 years to the financial services sector, initially as co-founder and CEO of the broker-dealer First Allied Securities in 1994. He joined Cetera in 2014 as a member of its senior management team, following the integration of First Allied into Cetera’s network.

With approximately 12,000 financial professionals and their teams, Cetera oversaw more than $521 billion in assets under administration and $224 billion in assets under management, as of June 30, 2024.

Pictured: Adam Antoniades