HomeWealth ManagementCetera to Advertise Tom Halloran to Head of Impartial Channel

Cetera to Advertise Tom Halloran to Head of Impartial Channel


Tom Halloran, who led the impartial monetary making plans channel of Voya Monetary Advisors, obtained through Cetera in 2021, will take over as the pinnacle of Cetera Advisors, the corporate’s conventional impartial marketing consultant dealer/broker, the corporate showed. He replaces Brett Harrison, present president and CEO of Cetera Advisors, who will go out the corporate after 25 years.

Cetera stated Harrison will pursue “a brand new bankruptcy in his occupation as he considers his long-term long term and retirement.”

“Brett will ceaselessly be a member of the Cetera circle of relatives and we all know that his relationships with our advisors, house place of work personnel and numerous different companions will proceed smartly into the longer term,” the corporate stated in a remark.

Halloran will report back to Tom Taylor, leader gross sales and expansion officer, who will proceed in that position, Cetera stated.

Halloran lately serves as president of Cetera Wealth Companions, the rebranded Voya industry this is now one in every of Cetera Guide Networks’ biggest enterprises, and he’ll proceed to guide that industry as smartly.

“Tom [Halloran] is definitely suited to steer the group into the longer term and can play a key position in executing Cetera’s persisted expansion technique,” Cetera stated. “Tom and Brett—and lots of different group contributors—are laborious at paintings defining a transition procedure and timeline that prioritizes the wishes of the monetary execs within the Cetera Advisors neighborhood.”

Halloran is primarily based in Wellesley Hills, Mass., a suburb of Boston, the place Mike Durbin, CEO of Cetera Holdings, the corporate’s father or mother, is positioned. Cetera employed Durbin, a former Constancy Institutional government, in Would possibly to construct out an RIA acquisition channel.

“That is the hole salvo of Mike Durbin beginning to construct out a better heart of gravity for Cetera’s house place of work at the East Coast, and in particular within the higher Boston house,” stated one supply with reference to Cetera. “That is the beginning of many extra important control adjustments to come back.”

Adam Antoniades continues to function CEO of Cetera Monetary Workforce; in June, WealthManagement.com reported that Antoniades will most probably step down from that position through the tip of the primary quarter of 2024, mentioning a number of assets with reference to the corporate. Durbin will lead the dealer/broker community.

Resources additionally stated Genstar, Cetera’s personal fairness proprietor, goes to restructure its funding—in particular, it will transfer out of Genstar’s Fund VIII to some other fund, offering some liquidity to buyers and recapitalize the corporate. 

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