Cetera loses bank brokers managing $750 million
Brokerage arm of Great Western Bank in South Dakota switches to Raymond James.
Great Western Investments & Insurance, the brokerage business of Great Western Bank in Sioux Falls, S.D., has changed affiliation from the Cetera Financial Group to Raymond James.
The bank brokerage employs 17 financial advisers, who collectively manage $750 million in client assets.
In 2016, Great Western Bank acquired Home Federal Bank, a previous Raymond James client that also was headquartered in Sioux Falls.
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