Cetera Financial said two advisory teams with over $ 532 million in combined client assets have joined its network since Raymond James.
Strutzel family wealth management and Martingale Investment Group joined Cetera via Summit Financial Networks, Cetera said. Both teams are based in Schaumburg, Illinois.
Strutzel, led by the father-son team David Strutzel and Matthew Strutzel, advises clients on tax strategies, pension funds, retirement plans, estate planning and charitable giving, according to Cetera.
The decision to relocate their practice was a question of culture and resources.
âWe were looking for a company where we felt a stronger sense of community and where we would be seen as more than just business partners,â David and Matthew Strutzel said in a statement. âCetera and Summit provide resources for growth and business creation that will redefine the trajectory of our business that are not available elsewhere. “
Meanwhile, Martingale is operated by Ron kapraun and Julie bjÃ¶rklund, and has served families and small businesses for more than three decades, says Cetera.
âSummit and Cetera are genuinely invested in our practice and seriously committed to driving our success,â Kapraun said in a statement. âWe were looking for a more collaborative and client-focused partnership, and Cetera and Summit share and adhere to our values. ”
Last week, Cetera announced that it added more than $ 2.4 billion in new assets in the third quarter, which brought it to more than $ 10 billion in assets in 2021. Cetera expects ” continue the positive recruitment dynamic during the rest of the year and until 2022 â, Head of Business Development John pierce said at the time.
Last month, the company also hired its first experience and events manager, a role focused on advisor experiences, loyalty, engagement and retention, and unveiled Growth360, a program earlier in November. which offers advisors a way to compare their own business to others in the business.
Prior to Cetera, David Strutzel spent 13 years with Raymond James starting in 2007 after making his debut in the industry at AG Edwards in 1990, his BrokerCheck file shows this.
Matthew Strutzel began his industry career at AG Edwards in 2004 and moved with his father to Raymond James in 2007, according to his BrokerCheck file.
Kapraun from Martingale also joined Raymond James in 2007 after 13 years at AG Edwards and before that he spent four years at Edward jones from 1989, according to BrokerCheck.
Bjorklund signed up with Raymond James in 2017 after stints at Wells fargo and Morgan stanley, among others, starting with North West Mutual in 2004, his BrokerCheck record shows.