Cetera Investment Advisers LLC (Schaumburg)

Name: Cetera Investment Advisers LLC
Address: 200 North Martingale Road, Schaumburg, IL, 60173 2096
Telephone: 888-528-2987

Cetera Investment Advisers LLC is a large advisory firm based in Schaumburg. It manages $10.32 billion of regulatory assets for 54,906 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Cetera Investment Advisers 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 more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Cetera Investment Advisers: assets under management

The assets under management (AUM) of Cetera Investment Advisers LLC is $10.32 billion. The firm's AUM has grown by 246% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.69 billion in discretionary accounts and $1.64 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $221.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $104.82 thousand.

Cetera Investment Advisers has custody of $3.94 billion in cash and securities for 22,079 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cetera Investment Advisers LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Joseph Daniel Neary serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Joseph Daniel Neary is individuals with 46,686 clients and $6.94 billion of assets under management. Among the 7 most similar advisory firms, Cetera Investment Advisers has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $10.32 billion for 54,906 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 Investment Advisers doesn't advise any private funds.

Careers at Cetera Investment Advisers LLC

The company employs 2,072 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 2,062 employees are registered as investment adviser representatives with the state securities authorities.

There are 101 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.

Joseph Daniel Neary has been acting as President since 1 May 2019. Leann Renee Rummel joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cetera Financial Specialists Services Llc	Sole member	1 Jun 1998	75% - 100%	36-3287737
Inc. Genworth Financial Investment Services	Shareholder common	1 Jun 1998	75% - 100%	36-3287737
Enrique Martin Vasquez	President, chief executive officer & director	1 Jun 2005	Other	2385061
Mark Paul Shelson	Treasurer	1 Apr 2012	Other	1819252
Jon Howard Rothenberg	Vice president, operations, & secretary	1 Apr 2012	Other	2737327
Cynthia A Hamel	Vice president	1 Apr 2012	Other	3014361
Stanley Robert Smiley	Vice president	1 Apr 2012	Other	3004604
James Walter Shay	Vice president, head of risk management & secretary	1 Apr 2012	Other	3247381
Valerie Gay Brown	Director & chairman	1 Apr 2012	Other	4619265
Barnaby James Grist	Director & vice president	1 Apr 2012	Other	3220850
Bryan K Jacobsen	Chief compliance officer	1 Apr 2012	Other	3055957
Enrique Martin Vasquez	Vice president & manager	1 Jul 2012	Other	2385061
Ramon Ramos	Money laundering regulatory officer	1 Feb 2013	Other	2160203
Steven James Dunlap	Manager & vice president	1 Jul 2013	Other	2232790
Catherine Mccormack Bonneau	Vice president	1 Jul 2013	Other	2899706
Enrique Martin Vasquez	Vice president & manager	1 Oct 2013	Other	2385061
Steven James Dunlap	President & ceo & manager	1 Oct 2013	Other	2232790
Catherine Mccormack Bonneau	Vice president	1 Oct 2013	Other	2899706
Ami Shah	Chief compliance officer	1 Jan 2014	Other	5773938
Ralph Lawrence Roth	Manager	1 May 2014	Other	1432179
Brett Lamar Harrison	Manager	1 Jan 2015	Other	4032238
Adam Nicholas Antoniades	Manager	1 Jan 2015	Other	2261744
Gregory Alan Olson	Assistant secretary	1 Jan 2015	Other	2692482
Lisa Anne Gok	Assistant secretary	1 Jan 2015	Other	5059738
Enrique Martin Vasquez	Vice president	1 May 2015	Other	2385061
Gregg Alan Ruvoli	Vice president	1 May 2015	Other	2842596
Brett Lamar Harrison	Manager, ceo, president	1 Jul 2015	Other	4032238
Kristy Marie Haley	Chief compliance officer	1 Nov 2015	Other	4022155
Leann Renee Rummel	Vice president	1 Sep 2017	Other	1965155
Joseph Daniel Neary	Manager/director	1 May 2019	Other	2993505

Indirect Owners

The SEC currently registers 14 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Lightyear Fund Ii Gp	General partner	1 Aug 2005	Other	20-3852817
Llc Marron & Associates	Managing member	1 Aug 2005	Other	13-4146065
Llc Lightyear Fund Ii Gp Holdings	General partner	1 Sep 2005	Other	20-3852557
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
In.C Cetera Financial Holdings	Shareholder; 100% of common stock	1 Nov 2009	75% - 100%	30-0588663
Lp Lightyear Fund Ii	Shareholder; 99.736% of common stock	1 Nov 2009	75% - 100%	20-3859450
Donald Baird Marron	Sole member	1 Mar 2012	75% - 100%	320532
Inc. Cetera Financial Group	Sole member	1 Apr 2012	75% - 100%	30-0588666
Llc Ly Holdings	Managing member	1 Dec 2013	75% - 100%	46-4629703
Mark Francis Vassallo	Managing member	1 Dec 2013	75% - 100%	1311427
Llc Rcs Capital Holdings	Shareholder; 100% of common stock	1 Apr 2014	75% - 100%	46-4779238
Rcs Capital Corporation	Sole member	1 Apr 2014	75% - 100%	38-3894716
Inc. Aretec Group	Sole member	1 Apr 2014	75% - 100%	38-3894716

Based in Schaumburg

The principal office where Cetera Investment Advisers LLC performs its advisory services is located at 200 North Martingale Road, Schaumburg, IL 60173 2096, which is also the mailing address of the firm. An additional office of the firm is in Rochelle Park, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-528-2987 or by fax 847-330-7912. The normal business hours are 8am to 5pm ct on Monday - Friday. You can find more information about the New York firm at ceterafinancialspecialists.com.