Cetera adds a growth-minded team of financial specialists with plans for continued recruitment, following a small workforce reduction. Cousins Matthew and Christopher Callero join with $265 million in assets under administration, citing challenges with integration as they choose Cetera for its support and growth-oriented approach.

The Calleros’ team of eight, based in Illinois, specializes in retirement planning and aims to recruit advisors. Cetera’s recent layoffs, not affecting advisors, align resources and streamline operations after several acquisitions created duplicative roles, including the $1.2 billion 2023 acquisition of Avantax and Securian Financial Group’s retail wealth business.

Read more at Yahoo Finance: Cetera Adds $265M Growth-Minded Team to Tax Channel