Cetera Advisors is to provide broker-dealer and investment advisory services to Legacy Wealth Management advisors. Based on prior reported business, the Legacy team had approximately USD110 million of brokerage and fee-based client assets as of 31 May, 2015.
Based in Tustin, California, the Legacy team provides holistic financial planning, asset management and retirement planning to a broad section of clients across the United States, with a concentration of clients in Orange County, California. Led by founder and President Ross Pake, a veteran independent financial advisor with over 30 years of industry experience, financial advisors with Legacy have cultivated a significant clientele by providing retirement planning services to retirees associated with some of Orange County's largest corporate employers. Pake is a Certified Financial Planner (CFP), Personal Financial Planner (PFP), and Certified Fund Specialist (CFS). He holds Series 7, 24 and 63 securities registrations.
Erinn Ford (pictured), President of Cetera Advisors, says: "We are delighted to welcome the Legacy team to our platform and to help them achieve their strategic objectives. Towards this end, we look forward to providing Legacy financial advisors with industry-leading advisory resources and practice management support. Our priority is to enable Ross and his team to deliver an excellent client experience and help them augment their outstanding track record of client service."
With their transition to Cetera Advisors, Legacy financial advisors expect to gain greater efficiencies that will enable them to spend more time servicing the individual needs of their larger client accounts, provide superior wealth management programs for their smaller-sized accounts, and continue building strong intergenerational client relationships that should extend the success of their practice into the future.
Pake says: "My team and I are very pleased to join Cetera Advisors, a quality organisation that nurtures a small-firm culture, where we can rely on prompt and personalised service and support. After reviewing several independent broker-dealers, we're confident that Cetera Advisors was the best choice. It will strive to provide the type of personal attention that will better enable us to help our clients meet their financial goals. At the same time, we also look forward to benefiting from the Cetera Financial Group network's size and scale, which enables the delivery of industry-leading technology and systems, outstanding turnkey asset management programs, and additional resources that will allow us to fully focus on our client relationships."