LOS ANGELES and BOCA RATON, Fla., March 23, 2016 /PRNewswire/ -- Cetera Financial Group, ("Cetera"), a leading network of independent broker-dealer firms, today congratulated one of its member firms, Summit Brokerage Services, for industry recognition aimed at excellence. Summit Brokerage Services Inc., a top ranked broker-dealer*, has been voted as the overall highest-rated independent broker-dealer among firms with less than 1,000 financial advisors by WealthManagement.com's 2016 Independent Broker-Dealer Report Card.
In the magazine's prestigious sixth annual Broker-Dealer Report Card, between Jan. 11, 2016 and Feb. 10, 2016, WealthManagement.com emailed invitations to participate in an online survey to print subscribers and advisors in the Meridian-IQ database at over 80 independent broker-dealers. Firms were rated on a scale of 1 (unacceptable) to 10 (outstanding). Summit garnered an overall advisor satisfaction score of 9.8 out of a possible 10. This achievement marks the third consecutive time Summit has received a score at this level or higher.
Summit received the top score across all broker-dealers in six of the seven categories, including: Compensation & Benefits, Compliance, Operational Support & Service, Practice Support & Professional Development, Product Offerings and Technology.
Adam Antoniades, President of Cetera Financial Group, said, "We congratulate Summit Brokerage Services and the independent advisors they serve for their continual commitment to excellence. Cetera is proud to have Summit Brokerage Services as one of our network's member firms, and we believe Summit's recognition as the overall highest-rated independent broker-dealer reflects our network's broader value proposition within the industry today. We're grateful to the hundreds of Summit advisors - together with the thousands of advisors we support across our entire network - for their contributions toward our success and their continued loyalty as we advance towards building the industry's most robust advisor platform."
Marshall Leeds, President and Chief Executive Officer of Summit Brokerage Services, said, "The first time Summit was voted as the highest-rated independent broker-dealer in its category, I said we would not become complacent. This award is a testament to all of Summit's associates who show their dedication and hard work in supporting our advisors and their practices each and every day, as well as the constant investment in new platforms, tools and resources to support the work our advisors do by the Cetera network. To all our advisors, including those who participated in the voting, let me offer my sincere thanks. We continually strive to further our mission of treating our financial advisors as our customers by providing them with the same level of boutique service and support that they provide to their clients. As such, I believe this ranking further validates Summit's position as one of the nation's leading independent boutique broker-dealers."
Experienced and successful independent advisors interested in learning more about Summit Brokerage Services are encouraged to visit www.joinsummit.com or contact the firm at (800) 354-5528.
*Rated by REP magazine's 2014 Independent Broker-Dealer Report Card.
About Summit Brokerage Services, Inc.
Summit Brokerage Services is part of Cetera Financial Group, the leading network of independent broker-dealer firms. Summit Brokerage provides a broad range of securities brokerage and investment services to primarily individual investors. Summit Brokerage also sells insurance products, predominantly fixed and variable annuities and life insurance through its subsidiary, SBS Insurance Agency of Florida. Summit Brokerage also provides asset management services through its investment advisor, Summit Financial Group, Inc. For more information, please visit www.summitbrokerage.com
About Cetera Financial Group
Cetera Financial Group is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to investors across the country through trusted financial advisors and financial institutions. The network is comprised of ten firms - four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital Corporation, Legend Equities Corporation, Summit Brokerage, VSR Financial Services and Girard Securities.
Cetera Financial Group is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to over 9,000 independent financial professionals and over 500 financial institutions nationwide. Through its distinct firms, Cetera Financial Group offers the benefits of a large, established broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their needs and aspirations. Cetera Financial Group is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit www.cetera.com.
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SOURCE Cetera Financial Group