Latest news with #CeteraFinancialGroup
Yahoo
18-07-2025
- Business
- Yahoo
Cetera introduces new AI platform for financial advisors
Cetera Financial Group has introduced IntelligenceEngine, a suite of AI-driven tools designed to assist financial professionals in enhancing growth by converting client data into actionable insights. This new platform aims to unlock potential value within existing client portfolios. IntelligenceEngine integrates advanced analytics, planning technology, and client engagement tools into a cohesive growth platform tailored for modern financial advisors and institutions. The primary objective is to provide advisors with insights that reinforce client relationships and promote growth in their share of client assets. It is the branded version of Cetera's Share of Wallet Suite, which offers a connected ecosystem of both proprietary and third-party tools aimed at identifying and activating revenue opportunities. The components of this suite are designed to streamline processes, reveal hidden value, and facilitate prompt action by advisors. Cetera chief solutions officer Christian Mitchell said: 'With IntelligenceEngine, we're enabling advisors to scale meaningful conversations and drive measurable outcomes from their existing client base.' 'This solution was designed to strategically connect the dots between data, planning, and action. Each element powers the next, creating a multiplier effect on efficiency and growth Key features of IntelligenceEngine include the GrowthLine Commercial Activation Engine, which identifies market opportunities and prioritises client segments for targeted outreach. This system ensures that advisors can effectively engage with dormant clients and optimise wallet share. Additionally, the Jump AI Software utilises natural language processing to extract insights from advisor-client meetings, capturing essential action items and behavioural signals that inform GrowthLine's outreach strategies. The platform also includes AdviceWorks Account Aggregation, which allows clients to link external accounts, providing advisors with a comprehensive view of client assets. Furthermore, MoneyGuide and eMoney Financial Planning Software enable advisors to assess total household assets and identify overlooked opportunities. Cetera's Financial Plan Design Group creates customised financial plans that reveal new asset potentials and enhance advisor efficiency, while the Advanced Time Segmentation strategy offers a structured approach to retirement income aligned with client goals. In May this year, Jump partnered with Cetera to integrate its AI meeting assistant, enhancing scalability and compliance within Cetera's operations. "Cetera introduces new AI platform for financial advisors" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
11-07-2025
- Business
- Yahoo
Cetera Brings Private Markets Products to Retail Investors
Financial planning conglomerate Cetera Financial Group Inc. is partnering with Wall Street heavyweights including Blackstone Inc. and Apollo Global Management Inc. to bring portfolios infused with private markets products to thousand of advisers. Bloomberg's Loukia Gyftopoulou has more on the story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
There is 'potential chaos' brewing in the markets
The Nasdaq Composite (^IXIC) and the S&P 500 (^GSPC) are trading near record highs fueled by Nvidia's (NVDA) recent record-setting run. Cetera Financial Group's chief investment officer, Gene Goldman, sits down with Brad Smith to discuss the current market setup and outline his assessment that recent gains may be the calm before the storm. The strategist says investors may face a downturn akin to Warner Bros. Discovery's (WBD) HBO Max show, The White Lotus, a drama series known for dark plotlines clashing with the idyllic setting of the luxurious resort chain. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Nvidia shares continuing to move higher after reaching a record high. But my next guest says there are still a few reasons to be skeptical of the post liberation day rally. Joining me now in studio we've got Gene Goldman, Cetera Financial Group CIO. Gene, great to have you back here with us. You call this a White Lotus market. I mean, just break that down. We've got a lot of fans that may also watch Yahoo Finance and White Lotus. So the Venn diagram is solid, but just break down what you mean by that. Sure. First of all, I think we classically are in a White Lotus financial market. Think about the White Lotus show. We both have watched it. So the White Lotus resorts, they're peaceful at the surface, but there's, with luxury, with, you know, nice cocktails and sunsets, beautiful at the surface, but there's all this potential chaos brewing. Look at our financial markets right now. We've had a V-shaped recovery. We've bounced back pretty fast, pretty quickly, near all-time highs, but there's a little like uncertainty and chaos revolving. You have high market concentration, you have a slowdown in MAG 7 earnings and revenues, you have high valuations. You also have the fact that there's uncertainty with the Fed. We continue to believe that J. Powell is acting more and more like Armand. He's confused, hesitant, and now that we need him, with the economy starting to slow down, especially today's continuing claims, we need him to be there, but he's nowhere to be found. Do you think that, and this is something that I was going to say for later on in the chat, but we have President Trump saying that he's mulling identifying, or at least making known who his replacement pick for Fed chair J. Powell would be once the term expires. What is the likelihood that that person would be less like Armand, if you will, in this analogous scenario? Yeah, and I know we're both trying to be optimistic, unlike the show, which is very dark. We're both trying to be optimistic. The problem is, is that I think the markets, you know, the market reaction has been good. Stocks are up, you know, bond yields are down, but I think it's a very questionable market reaction because let's think about it. He gets, he nominates J. Powell, a replacement for J. Powell, that's one person. J. Powell as the Fed chair, as the Fed chair, basically can set, can steer policy, but he doesn't set interest rates. So now you have, um, J. Powell. Right. Right. Is just one person. That's important. Just one person. You have J. Powell, you have Kugler leaving in January, but then you also have Bowman, and you also have, um, you know, Bowman and Waller that Trump nominated, appointed in his first term. That's four. There's other eight people who could vote other ways. So despite the fact that yeah, maybe he replaces the Fed chair with a more dovish person, that's still one person. Yeah, our own Jennifer Schonberger reporting as well here this morning that Trump, President Trump is not considering Waller. We will continue to watch, of course, who in this mix of names really gets kind of elevated or who sees their stock decline in that conversation as well. You look like you had a comment. Yeah, but that's a surprise about Waller because remember last week's Fed meeting, you know, it was consensus, no rate cut. But Waller comes out the next day and says, hey, we should cut rates. What's going on? I think, I thought he was trying to grapple for the job, but that's a change. You know, coming back to the markets here, why does this new all-time high for Nvidia matter more than previous ones given the context of how far and how quickly we've come back from the self-induced sell-off, if you will, because of the tariff policy and liberation day that then sent stocks tumbling to a near bear market, and then the recovery that needed to ensue once there was a pause initiated on several fronts. Yeah, I think this recovery was very interesting because you had a lot, a surge in high beta stocks, um, penny stocks, IPOs, and again, more, some of the aggressive names. We haven't seen market breadth widen enough as we should see in a market rally. That worries us. But with all this said, you know, we do think we're in a gyrating market, lots of volatility, but again, I'm going to be optimistic, unlike the show. I think by year end we'll be higher than we are right now. You have, you know, let's say we have tariff revenues being recycled back into the economy, maybe 200 billion, maybe two and a half trillion over the next 10 years according to the CBO. Um, you also have the fact that the tariff negotiations, we'll see fewer tariff trade restrictions in theory, and the fact that there's $26 trillion of cash on the sidelines waiting to get back in via money market or savings accounts.
Yahoo
25-06-2025
- Business
- Yahoo
Cetera CEO Durbin Cites 4 RIA Options as Differentiator for New Indie Channel
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Cetera Financial Group CEO Mike Durbin believes the firm's recently created RIA channel will attract both internal and external advisors, partly due to its multi-model approach. In a market shifting toward independent registered investment advisor models, Durbin sees Cetera as uniquely positioned to offer options ranging from fee-only, fiduciary-focused advice to hybrid models with commission-based business, to independent 1099s operating on Cetera's platform. 'We've clustered all those into this new channel because that is this confluence of RIAs [models], and/or going to market and doing the direct provision of advice and guidance to the end household as a Cetera advisor,' he said. The San Diego-based broker/dealer's channel combines four existing advisor groups created through years of acquisition. It includes The Retirement Planning Group, a fee-only W-2 model; Avantax Planning Partners, a hybrid W-2 model; Cetera Investors, a supported independence model through over 40 branch offices; and Cetera Blueprint, a platform offering for affiliate RIAs. 'We have the resources of a 12,000-advisor organization, but [you] still have [your] posse,' Durbin said. '[They] still do trips together, the sales leadership is the same, the service escalation leaders are the same—we think it's the right way to go about it.' Durbin said he expects the 'rate of growth' to be the largest across the firm's five advisor channels, but this is due in part to the 'law of small numbers.' The RIA channel, which is a conglomeration of four existing models, has just under $35 billion in AUM among over 600 advisors. He said that growth will come from two areas. One is Cetera's ability to see advisors in its network through the full cycle of evolution, from a startup 1099 to a larger firm that needs supported services and offerings, to finally selling the firm. 'We can accommodate all of that inside the four walls of Cetera,' he said. 'There's nothing more hurtful—and thankfully there is less and less of it now—than when we hear we've lost a team because they left us to take a different form somewhere else. [They] really can stay here.' The second area is recruiting external firms, which range from independent, hybrid broker/dealer breakaways to existing small RIAs. 'We're getting growth internally and externally in this RIA channel,' he said. 'The real thesis is that this secular trend toward more RIA-centric offerings is sort of undeniable, so we have to be there.' Some Cetera competitors have been in the market with independent RIA channels, including LPL Financial, Raymond James and Wells Fargo. In the meantime, broker/dealer Osaic recently announced it is acquiring a $13.5 billion RIA, CW Advisors. 'These big, legacy broker/dealers are playing defense because a lot of breakaway broker movement goes from the independent broker/dealers to the RIAs,' said Tim Welsh, president and CEO of consultancy Nexus Strategy. 'That's not always easy to do, particularly if you have some commission-based business. ... [Cetera] is saying, 'don't leave us, stay here with Cetera because you can tap into these four channels.'' Welsh said that may work for those in the independent broker/dealer space. But he doesn't see RIAs making the move as they have already made the transition and have several low-cost custodians to choose from. 'They've already cracked the code,' he said. 'So [independent broker/dealers] are not going to get inflows from existing RIAs—they'll come from defecting broker/dealer reps.' Durbin did note the industry's move toward fee-only, fiduciary-based advice. However, he also said the most vibrant growth will be in hybrid RIA models that want to retain some commission business and need a friendly broker/dealer for their license. He also sees Cetera competing with mega-RIAs moving toward more centralized service offerings. 'If you join some of these mega-RIAs, part of how they're driving value is narrowing the field of play, [having] centralized financial planning, centralized investment management, you've got to use [their] models, you have to use [their] vendors,' he said. 'Our architecture is wildly open because we need to be credible with 12,000 independent contractors.' Cetera offers a self-clearing custodial option and third-party choice with Fidelity's National Financial Services, BNY Pershing and Charles Schwab. Over the past few months, it has been hiring leaders to drive the new channel. Cetera recently announced that Jen Hanau, formerly Mariner's national managing director for independent channels, would lead the RIA channel. Durbin also noted Cetera hired John Lefferts, who came from Equitable Advisors and knows the hybrid, supported-independence model, and Andina Anderson, who had experience at Envestnet's Tamarac, to run Cetera's Blueprint platform. 'We're putting serious investment behind this fifth channel, and we've gone to market to bring in specific subject matter, expertise and experience in those activities,' he said. Cetera's other four existing channels are its advisor channel, institutions channel, a large enterprise channel and a tax and accounting channel. Durbin said the array of options has helped the firm recruit Commonwealth advisors since LPL announced it was acquiring the broker/dealer. He said Cetera has prospects in four recruiting channels and two 'signed wins' in two. 'If we're doing our job right in the consultative selling process, we're talking to a Commonwealth team, getting to know their business better, and saying, 'Oh, you have a really high tax orientation, you'd be great for our tax channel,'' he said. 'Same for large enterprise, same for bank, same for independent practice.' Cetera has been aggressively targeting Commonwealth advisors. In April, President Todd Mackay wrote an open letter inviting them to join them. Then, in June, after speaking with those advisors, he followed up, highlighting what Cetera can provide. Durbin said LPL's direction in filings about the deal shows that the approach 'will be upended,' partly by changing the clearing firm and the technology for its advisors. LPL leadership, for its part, has said it will keep the Commonwealth brand and ethos, forecasting a 90% retention rate of advisors. Durbin said Cetera feels the Commonwealth group is a good target because they 'go to the market through channels and communities.' 'We're not a 12,000 advisor company, but one of communities,' he said. 'Why is that important? Because what made Commonwealth great was their embrace of community.' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-06-2025
- Business
- Bloomberg
Bloomberg Daybreak Asia: World Braces for Iran's Response After US Strikes
Oil surged after the US struck Iran's three main nuclear sites and threatened further attacks, exacerbating a crisis in the Middle East and stoking concerns that energy supplies from the region could be disrupted. The US assault — which targeted sites at Fordow, Natanz, and Isfahan — dramatically raises the stakes in the confrontation by increasing the premium that traders are pricing into the global energy market. The extent of the gains will hinge on how Tehran opts to respond to the US moves. For more on the burgeoning conflict, we hear from former US Ambassador to the United Nations, John Bolton. He speaks with Bloomberg's Joe Mathieu and Kailey Leinz. Plus - US stock index futures slid ahead of the Asia session following those weekend strikes in Iran. S&P 500 futures opened nearly 1% lower before paring their loss, while contracts on the Nasdaq 100 fell nearly 1.3%. We get market insights from Gene Goldman, Chief Investment Officer at Cetera Financial Group.
