Cetera Financial Group announced it has added a Houston-area team that manages more than $3 billion in assets under advisement.
Formerly with Hilltop Securities Inc., Burrows Capital Advisors team is led by 30-year industry veteran Don Burrows. It has affiliated with Cetera Advisors via Totus Wealth Management.
Based in League City, Texas, the team, which focuses on wealthy, ultra-wealthy and institutional clients, includes partners Clint Auttonberry and Michael Agol. Also on the team are Rolando Villarreal, director of operations and financial advisor, and Ashley Villarreal, director of finance.
Burrows has been with his partners since 2002, when they worked at Wells Fargo Advisors, according to BrkerCheck. He began his career in 1993 with Westcap Government Securities and had short stints with a few other firms, including Raymond James & Associates, before joining Wells Fargo Advisors LLC in 2000. He and the team moved to Hilltop in 2012.
Auttonberry began his career with Wells Fargo Advisors in 2002.
Agol, who has known Burrows for more than 50 years, attending elementary, middle and high school with him in Galveston, Texas, began his career at Oppenheimer & Co. in 1994. He worked at firms including Dean Witter Reynolds Inc. before joining Wells Fargo in 2002.
“Our close-knit team has always focused on serving our client needs first and foremost and as we identified new ways to deliver more sophisticated advice to clients, we recognized the need to upgrade and enhance our core capabilities and resources,” Burrows said in a statement. “Cetera Advisors and Totus deliver this upgrade, with dedicated support and programs that will help us continue to grow and provide a more holistic experience for clients. We welcome the independent model that Cetera Advisors and Totus offer, which will empower us to serve our client needs above all else – without restrictions or limitations."
Brett Harrison, president of Cetera Advisors, said, “Burrows Capital Advisors is the latest example of how today's top advisors continue to migrate toward an independent model with dedicated support and resources.” He added that this trend “will only accelerate and more billion-dollar advisory teams will re-evaluate their firm affiliation and embrace an independent model.”