Genstar Capital buys majority stake in Cetera Financial Group
The private-equity firm has previously invested in such companies as Mercer Advisors and AssetMark.
Cetera Financial Group, a network of six independent broker-dealers with about 8,000 brokers and advisers, said Tuesday evening that private-equity firm Genstar Capital will buy a majority equity stake in the company.
Cetera's holding company, Aretec Group Inc., has entered into a definitive agreem
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