Cetera Financial Institutions Welcomes Bobby Huddleston as Senior Vice President of New Business Development
Senior Executive to Lead Recruitment of Bank and Credit Union-Based Investment Programs in Northern United States
St. Cloud, MN – Cetera Financial Institutions, the bank and credit union-focused firm within Cetera Financial Group, a leading network of independent broker-dealer firms, announced today the addition of Bobby Huddleston as Senior Vice President of New Business Development, effective immediately. In this role, Mr. Huddleston will oversee the recruitment of bank and credit union-based investment programs to the Cetera Financial Institutions platform. Mr. Huddleston, based in Buffalo, New York, will serve the northern part of the United States.
Catherine Bonneau, President and Chief Executive Officer of Cetera Financial Institutions, said, “We are delighted to welcome Bobby to our firm, as his experience, strong leadership skills and passion for business development should enable him to quickly contribute to our firm in this important role. Bobby’s industry experience and reputation for working closely with advisors and institutions alike should help strengthen existing client relationships, while also developing new connections within our existing network of valued partners.”
Mr. Huddleston said, “I am very excited to join such a well-respected organization that is dedicated to establishing and developing wealth and investment management programs throughout the bank and credit union channel. I am looking forward to the opportunity to expand Cetera Financial Institution’s presence throughout the northern United States, while helping financial institutions provide valuable financial advisory services to their clients.”
Mr. Huddleston’s appointment follows the Company’s mid-February announcement highlighting the hiring of Kyle Hallman as Senior Regional Vice President of Business Development. Mr. Hallman’s responsibilities include oversight for recruiting wealth management programs for financial institutions within the southern United States. The combination of Mr. Huddleston and Mr. Hallman is further evidence of Cetera Financial Institution’s commitment to strengthening its business development executive management team to further extend the firm’s offerings within the bank and credit union wealth management sector.
Prior to joining Cetera Financial Institutions, Mr. Huddleston was Regional Director and Senior Vice President for Investments for National City Bank, where he managed 27 financial advisors and 154 licensed bankers throughout 154 retail bank branches. In 2009, he moved to First Niagara Bank as Regional Sales Manager of Investments, where he was responsible for building the financial advisor and licensed banker program in the western Pennsylvania region. In Dec. 2012, Mr. Huddleston was promoted to National Sales Director for First Niagara Investment Services, moving to its headquarters in Buffalo, New York. Mr. Huddleston is a CFP®, CRC®, and holds Series 6, 7, 9, 10 and 63 securities registrations.
About Cetera Financial Institutions
Cetera Financial Institutions is the marketing name of Cetera Investment Services LLC, a self-clearing registered broker-dealer that delivers customized investment and insurance solutions to nearly 500 financial institutions nationwide. Cetera Financial Institutions helps institutions expand their financial offerings, which allows clients to pursue their financial goals through a holistic approach while delivering sound and strong financial solutions. Through Cetera Investment Advisers LLC, an SEC registered investment adviser firm, financial advisors receive a wide array of solutions and back-office support, so that they can focus on their clients.
Cetera Investment Services LLC and Cetera Investment Advisers LLC are part of Cetera Financial Group, the retail advice platform of RCS Capital Corporation (NYSE: RCAP), which provides wealth management and advisory platforms and innovative technology to approximately 9,500 independent financial advisors nationwide. Cetera Investment Services is a member of the Depository Trust and Clearing Corporation (DTCC), the Securities Investor Protection Corporation (SIPC), and the Financial Industry Regulatory Authority (FINRA). For more information, see www.ceterafinancialinstitutions.com.
About Cetera Financial Group
Cetera Financial Group is the retail investment advice platform of RCS Capital Corporation (NYSE: RCAP). It is comprised of eleven firms – four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital, J.P. Turner and Company, The Legend Group, Summit Brokerage and recently acquired VSR Financial Services and Girard Securities. The platform is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to approximately 9,500 independent financial professionals and over 600 financial institutions nationwide. Through its distinct firms, Cetera Financial Group offers the benefits of a large, established broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their unique needs and aspirations. Cetera Financial Group is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit www.ceterafinancialgroup.com.
About RCS Capital
RCS Capital Corporation (NYSE: RCAP) is a full-service investment firm expressly focused on the individual retail investor. With operating subsidiaries including retail advice services, wholesale distribution, investment banking, capital markets, investment research, investment management and crowdfunding, RCS Capital’s business is designed to capitalize, support, grow and maximize value for the investment programs it distributes and the independent advisors and clients it serves. Additional information about RCS Capital can be found on its website at www.rcscapital.com. RCS Capital may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.
The statements in this press release include statements regarding the intent, belief or current expectations of Cetera Financial Group and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," "look forward" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors. Additional factors that may affect future results are contained in RCS Capital's filings with the SEC, which are available at the SEC's website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and none of Cetera Financial Institutions, Cetera Financial Group or RCS Capital undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.
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