Cetera Welcomes Firm with $287 Million in Combined AUA to Cetera Advisor Networks

Arco Capital Partners joins Summit Financial Networks from Raymond James

SAN DIEGO, Jan. 29, 2025 /PRNewswire/ -- Cetera Financial Group, the premier financial advisor Wealth Hub, announced that Arco Capital Partners has joined Summit Financial Networks, a community within Cetera Advisor Networks LLC. Arco Capital Partners, which is led by Advisor and Founder Robert Aiken* and which has $287 million in assets under administration** as of Dec. 31, 2024, joined Cetera from Raymond James.

"At Arco Capital Partners, we pride ourselves in providing clients with resources typical of a larger firm while offering the kind of consideration and service typically reserved for smaller boutiques. It's been refreshing to see that Summit Financial Networks and Cetera offer a similar mix of resources and service," Aiken said. "In Cetera, we see a partner that will provide us the best opportunity to grow organically, recruiting the best advisors to increase our enterprise value over time. I look forward to this beneficial opportunity."

"I am pleased Robert and his team see the capability of both Summit Financial Networks and Cetera Advisor Networks LLC to uplift their already thriving practice," said Tom Halloran, Head of Advisor Channel communities at Cetera. "I know Arco Capital Partners presents a beneficial cultural fit with Cetera and I look forward to seeing what we accomplish together moving forward."

Aiken has 32 years of industry experience and holds his Series 7, Series 8, Series 9, Series 10, Series 31, Series 63 and Series 65 registrations. He founded Arco Capital Partners in 2015, after serving in various roles at Wachovia and Wells Fargo Advisors. Today, the firm provides personalized and custom financial and investment planning focused on serving individuals, families, businesses, retirees and women investors.

Aiken is joined in his practice by Senior Registered Client Assistant Tina L. Shue*, who has 27 years in the financial industry and holds her Series 7 and Series 63 registrations. Prior to joining Arco Capital Partners, Tina served as a registered client associate with Wells Fargo Advisors and as a retirement plans consultant and compliance assistant at Interstate/Johnson Lane Inc.

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About Cetera

Cetera Financial Group, which is owned by Cetera Holdings (collectively 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 approximately 12,000 financial professionals and their teams, Cetera oversees more than $545 billion in assets under administration and $235 billion in assets under management, as of September 30, 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, X, and Facebook.

"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Investment Advisers LLC, a registered investment adviser, and 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.

*Summit Financial Networks is a region of Cetera Advisor Networks LLC. Registered Representative offering securities through Cetera Advisors Networks LLC, member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC. Cetera firms are under separate ownership from any other entity.

**Value approximated based on asset holding details provided to Cetera.

SOURCE Cetera Financial Group