Our transition to Cetera Advisor Networks enables us to keep the most appreciated features of our firm while eliminating many of the costs and burdens of being a stand-alone broker-dealer.
Simi Valley, CA (PRWEB)
June 21, 2017
HBW Partners’ independent financial advisor platform, HBW Securities LLC, will be affiliating with Cetera Advisor Networks as a regional director-led firm in a transaction June 26.
The advisor-facing home office staff at HBW Partners’ home office in Simi Valley and the 55 independent financial advisors across the country will transition its $520 million in assets to Cetera Financial Group and Cetera Advisor Networks.
HBW Advisory Services LLC, which holds $300 million in assets between its registered advisors and life insurance agents, will remain solidly in place as HBW Insurance & Financial Services, Inc., part of HBW Partners.
The independent financial advisors affiliated with HBW support retail investors across a wide spectrum of wealth levels, ages and professional backgrounds, providing fee and commission based financial guidance that is typically based on the development and implementation of a comprehensive financial plan.
Headquartered in El Segundo, CA, Cetera Advisor Networks LLC is an independent broker-dealer and registered investment adviser firm that utilizes a unique regional director model to support financial advisors through the entire life cycle of their business. As part of Cetera Financial Group®, Cetera Advisor Networks is able to build and support regional teams through local service, regional offices and a national home office, facilitating the success of financial professionals. Cetera…