LOS ANGELES, Oct. 12, 2017 /PRNewswire/ -- Cetera Financial Group® ("Cetera" or "the Company")*, a leading network of independent firms supporting the delivery of professional financial advice, and Cetera Financial Institutions today announced that Flushing Bank will move its retail wealth management program to the Cetera Financial Institutions platform. Flushing Bank is a Uniondale, NY-based bank serving consumers, businesses, professionals, corporate clients, and public entities through its 19 banking offices located in Queens, Brooklyn, Manhattan, and Nassau County, New York. Cetera Financial Institutions is the Cetera firm specifically focused on serving the wealth management programs of banks and credit unions.
Encompassing nearly 20 financial professionals, Flushing Bank's wealth management program focuses on providing financial planning, retirement, insurance and investment management services to a diverse retail client base, with a particular focus on Millennial retail investors. The program, which was established 20 years ago, today supports approximately $225 million in client brokerage assets.
LeAnn Rummel, President of Cetera Financial Institutions, said, "We are delighted to welcome Flushing Bank to our platform, and we look forward to working with their talented team to support the growth of their retail wealth management business, with a particular emphasis on growing the wealth management program's share of wallet across their existing client base. We're particularly excited about Flushing Bank's enthusiasm for Cetera's advice-centric experience model, as we believe the bank's embrace of this vision for the future of wealth management, combined with our ability to fully support their technology-focused approach to growth, make this an ideal strategic relationship."
John R. Buran, President and Chief Executive Officer of Flushing Bank, said, "We're excited to begin working with Cetera Financial Institutions later this fall to grow our retail wealth management program. We were attracted to Cetera because of their deep understanding of financial institutions' role in the wealth management space, and their technology-driven tools. Cetera Financial Institutions offers many advantages that will be increasingly critical to our business in the new fiduciary era our industry has entered, and the new growth opportunities it presents."
About Cetera Financial Group®
Cetera Financial Group ("Cetera") is a leading network of independent firms empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera 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.
Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology. For more information, visit cetera.com.
* "Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed as Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities, Girard Securities, and Summit Brokerage Services. All firms are members FINRA/SIPC.
About Cetera Financial Institutions
Cetera Financial Institutions is a marketing name of Cetera Investment Services LLC, a self-clearing registered broker-dealer that delivers customized investment and insurance solutions to financial institutions nationwide. Cetera Investment Services 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. Advisory services are offered through Cetera Investment Advisers LLC, an SEC registered investment adviser firm, where 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 members of Cetera Financial Group, which provides leading wealth management and advisory platforms and innovative technology to financial advisors and financial institutions 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 Flushing Financial Corporation
Flushing Financial Corporation is the holding company for Flushing Bank®, a New York State-chartered commercial bank insured by the Federal Deposit Insurance Corporation. The Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, and cash management services through its 19 banking offices located in Queens, Brooklyn, Manhattan, and Nassau County. As a leader in real estate lending, the Bank's experienced lending team creates mortgage solutions for real estate owners and property managers both within and outside the New York City metropolitan area. The Bank also operates an online banking division, iGObanking.com®, which offers competitively priced deposit products to consumers nationwide. Additional information on Flushing Bank and Flushing Financial Corporation may be obtained by visiting the Company's website at http://www.flushingbank.com.
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SOURCE Cetera Financial Group