Established advisor and team with practice of more than $154 million moves from Securities America to new Cetera Advisor Networks region
LOS ANGELES, Sept. 6, 2023 /PRNewswire/ -- Cetera Financial Group (Cetera), the premier financial advisor Wealth Hub, announced that Brent McDonald** and his Tar Heel Wealth Management Team have joined Cetera Advisor Networks via Convergent Financial Partners. Based in North Carolina, McDonald is an experienced financial professional who was previously affiliated with Securities America. He provides comprehensive financial planning and investment advice to clients and had more than $154 million in assets under administration* as of June 21, 2023.
"My team and I are excited to experience the local, boutique feel of Convergent Financial Partners, backed by the national network of Cetera Advisor Networks," McDonald said. "I can't imagine receiving the same control and support anywhere else – and I look forward to seeing how my practice continues to grow and strengthen at Cetera."
"We are thrilled welcome Brent to Cetera Advisor Networks and look forward to working with him to achieve his goals moving forward," said Tim Stinson, president of Cetera Advisor Networks. "Cetera Advisor Networks is a perfect home for advisors looking to expand their practices and provide unmatched service to their clients. I'm excited to see how Brent's already thriving practice grows with Cetera Advisor Networks and Convergent Financial Partners."
"As a relatively new region of Cetera Advisor Networks, we welcome Brent aboard and are confident his practice will thrive here," said Scott Smith, managing partner of Convergent Financial Partners. "We look forward to providing the local experience for which we're already becoming known – and we can't wait to see how Brent and his practice grow in the environment we've created."
McDonald has 18 years of experience helping both people and businesses meet their financial goals and has earned his AIF designation. He joined and later took over management of Tar Heel Wealth Management, a firm based out of Hickory, N.C., known for its team approach to helping clients take the mystery out of preparing financially for both the present as well as the future. McDonald's specialties include small business planning, retirement and income planning, estate planning and insurance needs. He holds a Bachelor of Science in finance from the Martha & Spencer Love School of Business at Elon University in North Carolina and currently lives in Hickory, N.C. with his wife, Michelle.
McDonald is joined in Tar Heel Wealth Management by partners Julie Carroll** and Ken Kleva.*** Carroll, a 29-year veteran of the industry is an advisor with the ability to provide knowledge on numerous investment vehicles. She lives in Newton, N.C. with her husband Michael and two children. Kleva has 36 years of experience in the industry, where he has gathered extensive knowledge working with individuals and small companies on challenges including insurance needs and estate planning. He and his wife Janice live in Hickory, N.C.
Convergent Financial Partners is the newest region of Cetera Advisor Networks and will primarily feature advisors from Florida, Georgia and the Carolinas. The region's mission focuses on helping successful financial advisors flourish as premier independent business owners by providing a close-knit community that offers access to holistic advice-based solutions, flexible technology and infrastructure support and resources that can guide advisors toward establishing and growing their practice.
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About Cetera Financial Group®
Cetera Financial Group (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 8,000 financial professionals and their teams, Cetera oversees approximately $341 billion in assets under administration and $121 billion in assets under management, as of June 30, 2023. In a recent advisor satisfaction survey of more than 21,000 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.
"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC. All firms are FINRA/SIPC members. Located at: 655 W. Broadway, 11th Floor, San Diego, CA 92101.
Cetera is under separate ownership from any other named entity.
Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.
*Value approximated based on asset holding details provided to Cetera.
**Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory Services offered through Cetera Investment Advisers LLC, a registered investment adviser. Cetera is under separate ownership from any other named entity.
***Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity.
SOURCE Cetera Financial Group