Cetera Adds Ex-Commonwealth Advisor With $185M in Client Assets
John Fitzgerald and his Fitzgerald Financial Group have joined Cetera's Summit Financial Networks, bringing roughly $185 million in assets under advisement.
Financial services network Cetera has recruited veteran advisor John Fitzgerald, previously affiliated with Commonwealth, along with his Fitzgerald Financial Group team, the company announced. The Vineland, New Jersey-based practice oversees approximately $185 million in assets under advisement and will operate within Cetera's Summit Financial Networks platform.
The move marks a new growth phase for Fitzgerald Financial Group, which has built its practice around relationship-driven wealth management in southern New Jersey. By joining Summit Financial Networks at Cetera, the team gains access to a broader set of resources and infrastructure designed to support independent advisor practices.
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Cetera has been an active recruiter of experienced advisors looking to transition away from larger broker-dealers, positioning itself as a destination for practices that prioritize client relationships alongside expanded operational support. The addition of Fitzgerald's team reflects that ongoing strategy.
The recruitment underscores continued consolidation in the independent broker-dealer space, where established advisors with sizable books of business are increasingly weighing the benefits of larger networked platforms against traditional wirehouse or regional broker-dealer arrangements.
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