Cetera Advisor Networks LLC (El Segundo)


Cetera Advisor Networks LLC is a large advisory firm based in El Segundo. It manages $18.1 billion of regulatory assets for 71,503 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Cetera Advisor Networks provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cetera Advisor Networks: assets under management

The assets under management (AUM) of Cetera Advisor Networks LLC is $18.1 billion. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.4 billion in discretionary accounts and $4.7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $300.55 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cetera Advisor Networks LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cetera Advisor Networks serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Cetera Advisor Networks is high net worth individuals with 18,578 clients and $8.58 billion of assets under management. Among the 8 most similar advisory firms, Cetera Advisor Networks has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $18.1 billion for 71,503 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cetera Advisor Networks doesn't advise any private funds.

Careers at Cetera Advisor Networks LLC

The company employs 1,767 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 1,694 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Jack Raymond Jr Handy Director, president and c.e.o. 1 Jul 2002 Other 1997929
Thomas Byron Taylor Chief operating officer & vice president 1 Jun 2006 Other 2193426
Stanley Robert Smiley Vice president 1 Nov 2007 Other 3004604
Mark Paul Shelson Chief financial officer and treasurer 1 Feb 2010 Other 1819252
Valerie Gay Brown Director and chairman 1 Feb 2010 Other 4619265
Nancy Johnson Jones Chief compliance officer, secretary 1 Aug 2010 Other 2026139
Cynthia A Hamel Vice president 1 Oct 2010 Other 3014361
Barnaby James Grist Director and vice president 1 Oct 2010 Other 3220850
Inc. Cetera Financial Group Sole member 1 Dec 2010 75% - 100% 30-0588666
Bryan K Jacobsen Chief compliance officer 1 Apr 2012 Other 3055957
Douglas Stephan King President, ceo 1 Apr 2012 Other 1375683
James Walter Shay Head of risk management 1 Apr 2012 Other 3247381
Ami Shah Advisory chief compliance officer 1 Jan 2013 Other 5773938
Ramon Ramos Money laundering reporting officer 1 Feb 2013 Other 2160203
Steven James Jr Dunlap Manager and vice president 1 Jul 2013 Other 2232790
Ami Shah Advisory chief compliance officer 1 Jan 2014 Other 5773938
Ralph Lawrence Roth Manager 1 May 2014 Other 1432179
Brett Lamar Harrison Manager 1 May 2015 Other 4032238
Adam Nicholas Antoniades Manager 1 May 2015 Other 2261744
Kristy Marie Haley Advisory chief compliance officer 1 Nov 2015 Other 4022155
Mark Paul Shelson Treasurer 1 Jul 2016 Other 1819252
Gregory Alan Olson Assistant secretary 1 Jul 2016 Other 2692482
James David Ballard Manager and vice president 1 Jul 2016 Other 1714327
Thomas Byron Taylor President and manager 1 Feb 2017 Other 2193426
Timothy Patrick Stone Senior vice president 1 Feb 2017 Other 3038963
Catherine Mccormack Bonneau Chief operating officer 1 Feb 2018 Other 2899706
Joseph Daniel Neary Chief compliance officer 1 Feb 2018 Other 2993505
Mark Paul Shelson Treasurer and principal financial officer 1 Oct 2018 Other 1819252
Barbara Jo Kesterson Principal operations officer 1 Oct 2018 Other 2747533
Patricia Rutherford Mccallop Chief compliance officer 1 Jan 2019 Other 5059176
Joseph Daniel Neary Manager 1 May 2019 Other 2993505

Indirect Owners

The SEC currently registers 12 indirect owners.

Name Entity Date acquired Ownership Employer ID
Donald Baird Marron Sole member 1 Mar 2001 75% - 100% 320532
Llc Marron & Associates Managing member 1 Aug 2005 75% - 100% 13-4146065
Llc Lightyear Fund Ii Gp Holdings General partner 1 Aug 2005 75% - 100% 20-3852557
L.P. Lightyear Fund Ii Gp General partner 1 Aug 2005 75% - 100% 20-3852817
Llc Chestnut Venture Holdings Sole member 1 Dec 2007 75% - 100% 13-4162378
Inc. Cetera Financial Holdings Shareholder; 100% of common stock 1 Nov 2009 75% - 100% 30-0588663
L.P. Lightyear Fund Ii Shareholder; 99.736% of common stock 1 Nov 2009 75% - 100% 20-3859450
Mark Francis Vassallo Managing member 1 Dec 2013 75% - 100% 1311427
Llc Ly Holdings Managing member 1 Dec 2013 75% - 100% 46-4629703
Rcs Capital Corporation Sole member 1 Apr 2014 75% - 100% 38-3894716
Llc Rcs Capital Holdings Shareholder; 100% of common stock 1 Apr 2014 75% - 100% 46-4779238
Inc. Aretec Group Sole member 1 Apr 2014 75% - 100% 38-3894716

Based in El Segundo

The principal office where Cetera Advisor Networks LLC performs its advisory services is located at 200 N. Pacific Coast Highway, El Segundo, CA 90245 5672, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-326-3100 or by fax 310-784-1164. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ceteraadvisornetworks.com.