Cetera Advisor Networks LLC (El Segundo)

Name: Cetera Advisor Networks LLC
Address: 200 N. Pacific Coast Highway, El Segundo, CA, 90245 5672
Telephone: 310-326-3100

Cetera Advisor Networks LLC is a large advisory firm based in El Segundo. It manages $18.1 billion of regulatory assets for 71,503 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Cetera Advisor Networks provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cetera Advisor Networks: assets under management

The assets under management (AUM) of Cetera Advisor Networks LLC is $18.1 billion. The firm's AUM has grown by 76% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $13.4 billion in discretionary accounts and $4.7 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $239.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $300.55 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cetera Advisor Networks LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cetera Advisor Networks serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Cetera Advisor Networks is high net worth individuals with 18,578 clients and $8.58 billion of assets under management. Among the 8 most similar advisory firms, Cetera Advisor Networks has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $18.1 billion for 71,503 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Cetera Advisor Networks doesn't advise any private funds.

Careers at Cetera Advisor Networks LLC

The company employs 1,767 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 1,694 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jack Raymond Jr Handy	Director, president and c.e.o.	1 Jul 2002	Other	1997929
Thomas Byron Taylor	Chief operating officer & vice president	1 Jun 2006	Other	2193426
Stanley Robert Smiley	Vice president	1 Nov 2007	Other	3004604
Mark Paul Shelson	Chief financial officer and treasurer	1 Feb 2010	Other	1819252
Valerie Gay Brown	Director and chairman	1 Feb 2010	Other	4619265
Nancy Johnson Jones	Chief compliance officer, secretary	1 Aug 2010	Other	2026139
Cynthia A Hamel	Vice president	1 Oct 2010	Other	3014361
Barnaby James Grist	Director and vice president	1 Oct 2010	Other	3220850
Inc. Cetera Financial Group	Sole member	1 Dec 2010	75% - 100%	30-0588666
Bryan K Jacobsen	Chief compliance officer	1 Apr 2012	Other	3055957
Douglas Stephan King	President, ceo	1 Apr 2012	Other	1375683
James Walter Shay	Head of risk management	1 Apr 2012	Other	3247381
Ami Shah	Advisory chief compliance officer	1 Jan 2013	Other	5773938
Ramon Ramos	Money laundering reporting officer	1 Feb 2013	Other	2160203
Steven James Jr Dunlap	Manager and vice president	1 Jul 2013	Other	2232790
Ami Shah	Advisory chief compliance officer	1 Jan 2014	Other	5773938
Ralph Lawrence Roth	Manager	1 May 2014	Other	1432179
Brett Lamar Harrison	Manager	1 May 2015	Other	4032238
Adam Nicholas Antoniades	Manager	1 May 2015	Other	2261744
Kristy Marie Haley	Advisory chief compliance officer	1 Nov 2015	Other	4022155
Mark Paul Shelson	Treasurer	1 Jul 2016	Other	1819252
Gregory Alan Olson	Assistant secretary	1 Jul 2016	Other	2692482
James David Ballard	Manager and vice president	1 Jul 2016	Other	1714327
Thomas Byron Taylor	President and manager	1 Feb 2017	Other	2193426
Timothy Patrick Stone	Senior vice president	1 Feb 2017	Other	3038963
Catherine Mccormack Bonneau	Chief operating officer	1 Feb 2018	Other	2899706
Joseph Daniel Neary	Chief compliance officer	1 Feb 2018	Other	2993505
Mark Paul Shelson	Treasurer and principal financial officer	1 Oct 2018	Other	1819252
Barbara Jo Kesterson	Principal operations officer	1 Oct 2018	Other	2747533
Patricia Rutherford Mccallop	Chief compliance officer	1 Jan 2019	Other	5059176
Joseph Daniel Neary	Manager	1 May 2019	Other	2993505

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Donald Baird Marron	Sole member	1 Mar 2001	75% - 100%	320532
Llc Marron & Associates	Managing member	1 Aug 2005	75% - 100%	13-4146065
Llc Lightyear Fund Ii Gp Holdings	General partner	1 Aug 2005	75% - 100%	20-3852557
L.P. Lightyear Fund Ii Gp	General partner	1 Aug 2005	75% - 100%	20-3852817
Llc Chestnut Venture Holdings	Sole member	1 Dec 2007	75% - 100%	13-4162378
Inc. Cetera Financial Holdings	Shareholder; 100% of common stock	1 Nov 2009	75% - 100%	30-0588663
L.P. Lightyear Fund Ii	Shareholder; 99.736% of common stock	1 Nov 2009	75% - 100%	20-3859450
Mark Francis Vassallo	Managing member	1 Dec 2013	75% - 100%	1311427
Llc Ly Holdings	Managing member	1 Dec 2013	75% - 100%	46-4629703
Rcs Capital Corporation	Sole member	1 Apr 2014	75% - 100%	38-3894716
Llc Rcs Capital Holdings	Shareholder; 100% of common stock	1 Apr 2014	75% - 100%	46-4779238
Inc. Aretec Group	Sole member	1 Apr 2014	75% - 100%	38-3894716

Based in El Segundo

The principal office where Cetera Advisor Networks LLC performs its advisory services is located at 200 N. Pacific Coast Highway, El Segundo, CA 90245 5672, which is also the mailing address of the firm. An additional office of the firm is in Minneapolis, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-326-3100 or by fax 310-784-1164. The normal business hours are 9:00am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ceteraadvisornetworks.com.