Cetera Financial Group is suddenly on a recruiting roll. Megent Financial, based in Orland Park, Ill., is affiliating with Cetera Advisors with over $640 million in client assets.
In late February, Dan Levy of North Ridge Wealth Planning shut down his North Ridge Securities Corp. and joined Cetera Advisor Network as regional director. Levy brought $2.5 billion in client assets to Cetera.
Megent Financial is an independent retirement and investment services firm. Its labor division serves union members, while its comprehensive services division is dedicated to advanced planning, coordination of financial decisions and integration of financial products and services for individuals and businesses.
Founded in 1983, under the name Financial Network Investment Corp., the independent broker network was rechristened Cetera Financial Group in 2010 after it was acquired by Lightyear Capital. Headquartered in El Segundo, Calif., Cetera Financial Group is a shared service organization serving affiliates that comprise the second-largest family of independent broker-dealers in the United States.