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Direct Investment  + Financial Advisory  + M&As  + RIAs & Financial Advisors  |  May 5, 2025
TRPG Boosts Inorganic Growth with Three Q1 Acquisitions 
By: Joe Palmisano

TRPG Boosts Inorganic Growth with Three Q1 Acquisitions 

The Retirement Planning Group (TRPG), Cetera’s employee-based registered investment advisor, completed three acquisitions in Q1 2025, expanding into New York, California, and Washington state and adding approximately $180 million in assets. 

The acquisitions include: 

Hawkes Wealth Management, led by President Peyton R. Hawkes, based in Binghamton, NY. Founded in 1981 by Peyton’s father as Russell Hawkes Associates, Peyton joined in 1987. 

Wealtheon Advisors, based in San Ramon, CA, led by husband-and-wife team Jay and Valli Doraiswami, who sought greater flexibility and support to focus on client relationships. 

Financial Research, Inc., led by Jay Cowles, based in Seattle. The book of business will transition to an existing TRPG financial professional, managed collaboratively with the TRPG team. 

“We continue to experience strong interest from independent, client-centric financial advisors seeking to spend more time with their clients and less time running their business,” said Kevin Conard, CEO at TRPG. “Our latest acquisitions are examples of established wealth management professionals making a change for the benefit of their clients and their business by joining TRPG.   

Cetera Holdings acquired TRPG in May 2023. Headquartered in Leawood, KS, TRPG managed $2.63 billion in assets for over 2,000 clients as of October 25, 2024.  

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CeteraThe Retirement Planning Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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