The firms' collaboration achieved significant
success since inception in 2013 and is renewed to continue
delivering industry-leading results
SAN
DIEGO, Oct. 23, 2024 /PRNewswire/ -- Cetera
Financial Group (Cetera), the premier financial advisor Wealth Hub,
announced today that Regions Bank has renewed its networking
agreement with Cetera Financial Institutions, which supports the
investment programs of over 450 banks and credit unions.
"We are pleased to renew our meaningful collaboration with
Regions Bank and look forward to working together and taking our
growth of Regions Investment Solutions to new levels of success,"
said LeAnn Rummel, president and CEO
of Cetera Investment Services. "We welcome this opportunity to
advance our well-established program and results with Regions for
the long term. Thank you to the Regions Bank team for entrusting
their business to us and to the Cetera Financial Institutions team
for the dedication and commitment to Regions."
Regions Investment Solutions provides comprehensive investment
services for individuals and businesses through dedicated financial
advisors and licensed branch bankers. Securities and insurance
products are offered through Cetera Investment Services LLC, and
advisory services are offered through Cetera Investment Advisers
LLC.
"For more than 10 years, Cetera has thoughtfully and
strategically supported our investment program, helping us serve
our clients in new and innovative ways," said *Jim Nonnengard, Executive Vice President at
Regions Bank. "At Regions, we focus on helping clients build,
preserve and protect their wealth, and Cetera is a meaningful
resource that supports our mission. We are proud to renew our
agreement and look forward to deepening our work with the entire
team at Cetera Financial Institutions."
The renewed networking agreement with Regions Bank follows a
flurry of additional financial institutions renewals. With nearly
40 renewals signed through July 2024,
Cetera Financial Institutions' current retention rate is 99 percent
for all institutions. In addition, Cetera Investment Services is
celebrating its 40-year anniversary this year, and recently
announced a new affiliation with California Coast Credit Union.
Click here for more information about Cetera Financial
Institutions.
About Cetera
Cetera Financial Group, which is owned by Cetera Holdings
(collectively, Cetera), is the premier financial advisor Wealth Hub
where financial advisors and institutions optimize their control
and value creation. Breaking away from a commoditized and
homogenous IBD model, Cetera offers financial professionals and
institutions the latest solutions, support, and services to grow,
scale, or transition with a merger, sale, investment, or succession
plan. Cetera proudly serves independent financial advisors, tax
professionals, licensed administrators, large enterprises, as well
as institutions, such as banks and credit unions, providing an
established and repeatable blueprint for scalable growth.
Home to approximately 12,000 financial professionals and their
teams, Cetera oversees more than $521
billion in assets under administration and $224 billion in assets under management, as of
June 30, 2024. In a recent advisor
satisfaction survey of nearly 35,000 reviews, Cetera's Voice of
Customer (VoC) program vigorously measures advisor experience and
satisfaction 24/7. Currently, it's ranked 4.8 out of 5 stars.
Visit www.cetera.com, and follow Cetera
on LinkedIn, YouTube, X, and Facebook.
"Cetera Financial Group" refers to the network of independent
retail firms encompassing, among others, Cetera Investment Advisers
LLC, a registered investment adviser, and the following FINRA/SIPC
members: Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera
Investment Services LLC (marketed as Cetera Financial Institutions
or Cetera Investors), and Cetera Financial Specialists LLC. Located
at: 655 W. Broadway, 11th Floor, San
Diego, CA 92101.
*Registered representatives offering securities and insurance
through Cetera Investment Services, LLC, member FINRA/SIPC.
Advisory services offered through Cetera Investment Advisers LLC.
Cetera firms are under separate ownership from any other named
entity.
Investments are: Not FDIC/NCUSIF insured | May lose value |
Not financial institution guaranteed | Not a deposit | Not insured
by any federal government agency.
About Regions Financial Corporation
Regions Financial
Corporation (NYSE:RF), with $157
billion in assets, is a member of the S&P 500 Index and
is one of the nation's largest full-service providers of consumer
and commercial banking, wealth management, and mortgage products
and services. Regions serves customers across the South, Midwest
and Texas, and through its
subsidiary, Regions Bank, operates approximately 1,250 banking
offices and more than 2,000 ATMs. Regions Bank is an Equal Housing
Lender and Member FDIC. Additional information about Regions and
its full line of products and services can be found at
www.regions.com.
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SOURCE Cetera Financial Group