LOS ANGELES, March 21, 2018 /PRNewswire/ -- Cetera Financial Group® ("Cetera" or "the Company"), a leading network of independent broker-dealer firms supporting the delivery of professional financial advice, and Cetera Financial Institutions today announced that Marquette Bank will move its retail wealth management program to the Cetera Financial Institutions platform. Marquette Bank, a subsidiary of Marquette National Corporation, is a Chicago, Illinois-based bank that was established in 1945. It serves consumers and commercial customers through its 21 banking centers in Chicagoland, with total assets of $1.5 billion. Cetera Financial Institutions is the Cetera firm specifically focused on serving the wealth management programs of banks and credit unions.
Encompassing 12 financial professionals, Marquette Bank's wealth management program focuses on providing financial planning, retirement, insurance and investment management services to a diverse retail client base. The program, which was established in 1999, today supports approximately $382 million in client brokerage assets. A focus for Marquette will be to offer a more holistic approach to their client base encompassing financial planning, advisory services and insurance solutions.
LeAnn Rummel, President of Cetera Financial Institutions, said, "We're delighted to welcome Marquette Bank to the Cetera Financial Institutions platform and look forward to working with them as we support the continued growth of their retail wealth management program. The team at Marquette Bank told us they chose to affiliate with us for the same reasons so many other banks and credit unions have – they appreciated our focus on supporting bank and credit union-based investment programs, our first-rate technology resources and our delivery of an Advice-Centric Experience® for advisers and their clients to reshape the future of our industry."
Carol Steele, First Vice President and Director of Bank Sales for Marquette Bank, said, "When we set out to identify a new partner for our wealth management program, we knew we wanted a firm that offered an advanced technology platform and a proven track record of success supporting their clients. Cetera Financial Institutions clearly met the criteria, but after spending more time with them, it became evident to us that they also have a unique, highly service-oriented culture with a friendly, family feel that greatly appealed to us. We look forward to tapping into their expertise to help us grow our wealth management business, starting by increasing the number of advisors in our program."
About Cetera Financial Group®
Cetera Financial Group ("Cetera") is a leading network of independent firms empowering the delivery of professional financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera 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.
Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology. For more information, visit cetera.com.
*"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed as Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities and Summit Brokerage Services. All firms are members FINRA/SIPC.
About Cetera Financial Institutions
Cetera Financial Institutions is a marketing name of Cetera Investment Services LLC, a self-clearing registered broker-dealer that delivers customized investment and insurance solutions to financial institutions nationwide. Cetera Investment Services helps institutions expand their financial offerings, which allows clients to pursue their financial goals through a holistic approach while delivering sound and strong financial solutions. Advisory services are offered through Cetera Investment Advisers LLC, an SEC registered investment adviser firm, where financial advisors receive a wide array of solutions and back-office support, so that they can focus on their clients.
Cetera Investment Services LLC and Cetera Investment Advisers LLC are members of Cetera Financial Group, which provides leading wealth management and advisory platforms and innovative technology to financial advisors and financial institutions nationwide. Cetera Investment Services is a member of the Depository Trust and Clearing Corporation (DTCC), the Securities Investor Protection Corporation (SIPC), and the Financial Industry Regulatory Authority (FINRA). For more information, see www.ceterafinancialinstitutions.com.
About Marquette Bank
Marquette Bank is one of the largest neighborhood banks in the Chicago area and has been helping neighbors, families and businesses achieve their financial goals since 1945. Privately-held and locally-owned, Marquette Bank offers a full range of banking services, financial solutions, trust, estate and retirement planning, wealth management, home financing and lending services to both consumers and local businesses.
Marquette Bank has 21 banking centers, 2 lending services offices and a corporate administrative center with locations throughout Chicago and its suburbs. Marquette Bank is subsidiary of Marquette National Corporation, a diversified financial holding company, and has $1.5 billion in assets along with a local lending portfolio of almost $1 billion. For more information, visit: http://www.emarquettebank.com.
Marquette Bank: Equal Opportunity Lender, Equal Housing Lender and Member FDIC.
Haven Tower Group
424.652.6520 ext. 102
Haven Tower Group
424.652.6520 ext. 101
SOURCE Cetera Financial Group