Cetera Names Daniel P. Burkott Chief Compliance Officer for Cetera's Tax Channel

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May 29, 2024, 10:03 ET

Compliance veteran will lead Avantax and Cetera Financial Specialists compliance teams

SAN DIEGO, May 29, 2024 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, which is owned by Cetera Holdings (collectively, Cetera), has named Daniel P. Burkott the new Chief Compliance Officer (CCO) of Cetera's tax channel, which includes Cetera Financial Specialists (CFS), and Avantax^®, acquired by Cetera Holdings last year. During his 20-plus-year career, Burkott has held compliance roles at Voya, Advisor Group, and Mass Mutual. Most recently, he was CCO at Cadaret Grant and led many compliance shared services functions for Atria Wealth Solutions. Burkott reports to Cetera Chief Risk Officer Joseph Neary and is CCO for both CFS and Avantax.

"Dan is a very experienced compliance professional who prides himself on building strong working relationships and protecting client interests through best practices, accountability and transparency," said Avantax President Todd Mackay. "Hiring Dan underscores our commitment to recruiting exceptional Home Office staff in support of our tax-focused advisors as they grow their practices and help clients pursue their long-term financial goals."

"I'm eager to get under way with the tax-channel compliance teams serving the unique needs of our more than 4,000 tax-focused financial professionals and our home office team," Burkott said. "It's certainly a time of tremendous momentum and opportunity at Cetera, and I look forward to bringing my experience to the company in ways that help resolve operational challenges, ensure regulatory compliance, and implement policies and procedures to support the needs of our business and our advisors."

Burkott earned a Bachelor of Science degree in computer science from Rensselaer Polytechnic Institute, and a Professional MBA from the University of Massachusetts. He holds licenses including the FINRA Series 7, Series 24, Series 63, Series 4, and Series 53.

Burkott's appointment represents Cetera's latest key personnel addition. Cetera recently added several new team members as part of an expanded investment in advisory solutions, appointed industry veteran Marten Hoekstra to the Cetera board of directors, and named Michael Molnar head of corporate development.

Visit www.cetera.com for more information.

About Cetera
Cetera is the premier financial advisor Wealth Hub where financial advisors and institutions optimize their control and value creation. Breaking away from a commoditized and homogenous IBD model, Cetera offers financial professionals and institutions the latest solutions, support, and services to grow, scale, or transition with a merger, sale, investment, or succession plan. Cetera proudly serves independent financial advisors, tax professionals, licensed administrators, large enterprises, as well as institutions, such as banks and credit unions, providing an established and repeatable blueprint for scalable growth.

Home to more than 12,000 financial professionals and their teams, Cetera oversees more than $505 billion in assets under administration and $213 billion in assets under management, as of March 31, 2024. In a recent advisor satisfaction survey of nearly 35,000 reviews, Cetera's Voice of Customer (VoC) program vigorously measures advisor experience and satisfaction 24/7. Currently, it's ranked 4.8 out of 5 stars.

Visit www.cetera.com, and follow Cetera on LinkedIn, YouTube, Twitter and Facebook.

"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, the following FINRA/SIPC members: Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC. Located at: 655 W. Broadway, 11th Floor, San Diego, CA 92101.

About Avantax^®Avantax, Inc. (Avantax), a unique community within Cetera Holdings, delivers tax-intelligent wealth management solutions for financial professionals, tax professionals and CPA firms, supporting its goal of minimizing clients' tax burdens through comprehensive tax-intelligent financial planning. Avantax has two distinct, but related, models within its business: the independent Financial Professional model and the employee-based model. Avantax refers to its independent Financial Professional model as Avantax Wealth Management^®. Avantax Wealth Management (AWM) works with a nationwide network of Financial Professionals operating as independent contractors and offers its services through its registered broker-dealer, Avantax Investment Services, Inc., Member FINRA, SIPC, registered investment advisor (RIA), Avantax Advisory Services, Inc., and insurance agency subsidiaries. We refer to our employee-based model as Avantax Planning Partners℠. Avantax Planning Partners offers services through its RIA, insurance agency, and affiliated broker-dealer, Avantax Investment Services, Inc., and partners with CPA firms to provide their consumer and small-business clients with holistic financial planning and advisory services. Collectively, Avantax had $92.8 billion in total client assets as of December 31, 2023. For additional information, please visit www.avantax.com.

SOURCE Cetera Financial Group