The parent company of giant Cetera Financial Group said Wednesday that Fidelity veteran Mike Durbin had joined the firm as CEO of Cetera Holdings.
Adam Antoniades will continue in his role as CEO of Cetera Financial Group and remain on the board of directors. Durbin will also have a seat on the Cetera board.
At Fidelity, Durbin had been president of Fidelity Institutional, the division of Fidelity Investments that works with financial advisors and institutions, providing custody and clearing, third-party product and asset management services. At the end of last year, Fidelity announced that Durbin was stepping down as president of that financial advisor-focused business to a role as a senior adviser.
While at Fidelity, Durbin oversaw the company’s 2015 acquisition of eMoney Advisor.
"We are extremely excited to welcome Mike to the team and look forward to working together to achieve long-term success for Cetera and our advisors,” Antoniades said in a statement.
Cetera Financial Group is a giant network of broker-dealers and RIAs with more than 8,000 financial advisors, $365 billion in assets under administration and $125 billion of assets under management, according to the company’s website.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
