Three Teams Managing More than $550 Million Join Cetera

Groups formerly affiliated with PlanMember Securities and LPL among latest to join Cetera Advisor Networks

LOS ANGELES, Aug. 17, 2022 /PRNewswire/ -- Cetera Financial Group, one of America's largest networks of financial professionals, announced today that three teams managing more than $550 million have affiliated with Cetera Advisor Networks. The teams are led by three seasoned advisors: Nuno Pereira, Jim Lohnes, and Brenton Schmidt. Pereira and Lohnes were formerly affiliated with PlanMember Securities, while Schmidt was formerly affiliated with LPL. The affiliations are among the latest recruiting wins for Cetera, which attracted a record $3.6 billion in assets in the second quarter of 2022.

Pereira manages nearly $340 million for clients. Raised in a union family, he specializes in serving union workers, providing holistic retirement planning, pension planning, and 401(k) guidance services. He serves multiple generations and works closely with union leadership and members of local unions to provide wide-ranging retirement planning services.

"After carefully evaluating options for a new firm affiliation, I'm pleased to join Cetera Advisor Networks," Pereira said. "The impressive platform and leading tools and technology offerings will help me better serve my clients for the long-term. I look forward to elevating my business and serving my union clients more holistically thanks to Cetera's dedicated support, committed team and valuable resources."

Lohnes leads Lohnes Wealth Management, which manages $120 million for clients, serving individuals in organized labor, specifically telephone and utility union members who are retiring. Schmidt is based in Delano, MN, and manages nearly $100 million, providing wide-ranging financial planning and wealth management services for clients.  

"We welcome these teams to Cetera Advisor Networks and are pleased that they have found the right fit for their business needs and aspirations," said John Pierce, head of business development at Cetera. "As financial professionals evaluate their firm affiliation, we believe Cetera will continue to rise to the top of advisors' consideration set and attract the industry's best financial professionals who are seeking a fresh start to more effectively serve their clients and grow their enterprise value."

For more information about Cetera Advisor Networks, visit https://www.cetera.com/cetera_at_a_glance/cetera-advisor-networks.

Cetera Financial Group (Cetera) is a leading financial services firm whose purpose is to enable the delivery of best-in-class financial advice to as many Americans as possible. Cetera empowers its financial professional communities to help clients achieve their version of financial wellbeing through the Advice-Centric Experience®. Cetera proudly serves independent financial professionals, tax professionals, banks and credit unions in providing wide-ranging financial planning and wealth management services.

Cetera oversees approximately $353 billion in assets under administration and $122 billion in assets under management, as of December 31, 2021.

Visit www.cetera.com, and follow Cetera on LinkedIn, Twitter and Facebook.

"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), Cetera Financial Specialists LLC, and First Allied Securities, Inc. All firms are members FINRA/SIPC. Located at: 655 W. Broadway, 11^th Floor, San Diego, CA  92101.

Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.

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SOURCE Cetera Financial Group