Cetera today announced that it has added Brumbaugh Wealth Management, an Exton, Pa.-based firm with more than $300 million in assets under management.
The boutique firm, founded in 2004 by Kimberly Brumbaugh, has affiliated with Cetera Advisor Networks through a relationship with AdvisorNet Financial, according to a Cetera news release. It has more than 60 years of collective experience and serves wide-ranging clients, including executives of public and privately held companies, business owners, and retirees.
“After several months of due diligence and reflection about our firm’s growth aspirations and trajectory, we are extremely excited to join Cetera Advisor Networks through AdvisorNet Financial,” Brumbaugh said in a statement. “Cetera provides unmatched tools and benefits that empower us to deliver the best possible client experience and service and grow our business in a smart and meaningful way,” she said. Brumbaugh further noted that they value Cetera’s community and culture, and its support and resources.
Mike Townsend, AdvisorNet’s senior vice president, business development, said they look forward to helping Brumbaugh and her team grow their practice with AdvisorNet’s “Circle of Service.” “Our people, resources and capabilities are positioned well to meaningfully complement the already-outstanding service that Brumbaugh Wealth Management is providing its clients,” he said.
El Segundo, Calif.-based Cetera is a leading independent broker-dealer network with five separate IBDs in its network.