Cetera Snaps Up $1.4B RIA in Kansas

Cetera Financial Group said Tuesday that it acquired The Retirement Planning Group, an independent registered investment advisor that manages about $1.4 billion in assets.

TRPG’s 40 employees, including 14 advisors, served about 1,825 high-net-worth individual investors, families and retirees as of April 30, said the parent of Cetera Financial Group.

In addition to holistic financial planning services, TRPG offers clients tax solutions, along with payroll and bookkeeping services.

TRPG is led by CEO Kevin Conard and is headquartered in Leawood, Kansas, but has offices in St. Louis and Denver.

Financial terms of the transaction weren’t provided, and although Cetera said the deal had closed, it didn’t specify when. Cetera didn’t immediately respond to a request for comment on Wednesday.

“This acquisition is synergistic on many levels and represents our commitment to constantly identify and deliver multiple options that give advisors a depth of choice and flexibility to affiliate their business with Cetera as they see fit,” according to Mike Durbin, Cetera CEO.