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HomeWealth ManagementCetera Holdings Names Former Constancy Govt Mike Durbin CEO

Cetera Holdings Names Former Constancy Govt Mike Durbin CEO


Cetera Holdings, the holding firm of Cetera Monetary Group, introduced on Wednesday it appointed former Constancy Investments govt Mike Durbin as its new CEO.

“We’re extraordinarily excited to welcome Mike to the staff and look ahead to working collectively to attain long-term success for Cetera and our advisors,” Cetera Monetary Group CEO Adam Antoniades mentioned in an announcement. “Mike’s deep experience and background within the RIA, retirement and custody and clearing area, in addition to his confirmed monitor document of management and innovation, will assist Cetera additional solidify its place as the last word vacation spot for monetary advisors and establishments.”

Durbin may also function a member of the Cetera board of administrators, in accordance with the corporate. Antoniades will proceed to function Cetera Monetary’s CEO and as a member of the board of administrators.

In December 2022, Durbin stepped down as head of Constancy Institutional, a job he had held since October 2017, following a number of different management roles on the firm. Durbin had initially joined Constancy in 2009 after virtually 20 years with Morgan Stanley. He had most just lately been serving as a senior advisor to Constancy CEO Abby Johnson.

Throughout his tenure at Constancy, Durbin oversaw huge adjustments, from serving to to launch and promote the establishment’s expertise platform for RIAs, WealthCentral, to its eventual merging with Constancy’s brokerage platform to create a hybrid providing referred to as WealthScape.

“I’m honored to hitch a thriving trade chief at a pivotal time within the monetary recommendation trade,” Durbin acknowledged. “Cetera is effectively positioned for exponential development by persevering with to ship new and revolutionary capabilities to advisors by way of its Wealth Hub, and actually meet the altering wants of right this moment’s prime advisors. I look ahead to working alongside such a rare staff within the service of monetary professionals and establishments.”

Based in 1983, Cetera now has greater than 8,000 advisors throughout its platforms—Cetera Advisors, Cetera Advisor Networks, Cetera Funding Companies and Cetera Monetary Specialists, all FINRA/SIPC-registered. Backed by personal fairness agency Genstar Capital, the Cetera community on the finish of final 12 months claimed round $322 billion in belongings below administration and $115 billion below administration.

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