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Investors Bank joins Cetera Financial Institutions platform

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Investors Bank is to move its retail wealth management program to the Cetera Financial Institutions platform. 

Investors Bank, a subsidiary of Investors Bancorp, serves consumers, businesses, corporate clients and public entities through its branches in New Jersey and New York, with total assets at USD24.78 billion, while Cetera Financial Institutions is the Cetera firm specifically focused on serving the wealth management programs of banks and credit unions.
 
Encompassing 22 financial professionals and over 65 licensed bankers working across all of its branches, Investors Bank’s “Investors Financial” retail investment program focuses on providing financial planning, retirement, insurance and investment management services to a diverse retail client base. The program, which was established in 2011, today supports approximately USD700 million in assets under administration, and has a particular focus on serving mass affluent and high net worth retail investors, as well as company retirement plans for businesses of all sizes.
 
LeAnn Rummel, President of Cetera Financial Institutions, says: “We’re excited to welcome Investors Bank to our platform, and to support the next stage of growth for its retail wealth management business. Like many financial institutions seeking wealth management-driven growth, Investors Bank has chosen to affiliate with Cetera Financial Institutions because of our focus on supporting bank and credit union-based investment programs, our world class technology resources and our delivery of an Advice-Centric Experience® to reshape the future of our industry. We’re privileged to support Investors Bank and hundreds of other growth-oriented bank and credit union programs across the country.”
 
Ricard Koll, Senior Vice President of Wealth Management & Insurance for Investors Financial, says: “From the onset of our search for a new broker-dealer, we were extremely impressed with Cetera Financial Institutions because of its deep understanding of the important role financial institutions play in delivering wealth management services to its clients. The firm’s singular focus on helping banks and credit unions, combined with the high quality of its technology platform and its proven track record of supporting the delivery of an exceptional service experience to advisors and their clients made this a very natural strategic alliance for our bank.”
 
Glenn Brodwater, President of Investors Financial, says: “We’re very excited about the prospect of working with Cetera Financial Institutions to help us grow our retail investment program. Now that we have entered the fiduciary era, it’s clear that Cetera has the scale, resources and expertise that will enable our investment program to not only meet the rapidly evolving expectations of retail investors, but keep pace with the constant flow of changes coursing through the financial services industry.”

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