New recommended list represents approximately
50 active ETFs across 26 equity, fixed income, and alternative
asset classes
SAN
DIEGO, May 1, 2024 /PRNewswire/ -- Cetera
Financial Group (Cetera), the premier financial advisor Wealth
Hub, announced today that Cetera Investment Management (CIM), a
registered investment adviser, has launched its Active Exchange
Traded Funds (ETF) Research Select List available to
Cetera-affiliated professionals. CIM's newest select list features
50 active ETFs across 26 equity, fixed income and alternative asset
classes, arming Cetera financial professionals with a thoroughly
analyzed and vetted list of recommendations in a rapidly growing
investment segment.
"We are proud to become one of only a handful of firms offering
an active ETF recommended list to help educate our advisors about
this growing investment structure," said Chief Investment Officer
Gene Goldman, CFA®. "We
are confident that this is a key differentiator that will deliver
multiple benefits to Cetera and our affiliated financial
professionals, including business optimization and organic growth.
We knew our affiliated professionals needed a tool to better
understand the ETFs available to offer the best possible guidance
to their clients – and today we have delivered that crucial
tool."
As of April 2024, overall assets
invested in ETFs have grown to more than $8.9 trillion and of the 3,605 ETFs available in
the Morningstar database today, 40% are listed as active. The
number of Active ETFs has grown steadily since the U.S Securities
and Exchange Commission (SEC) approved the ETF Rule (Rule 6c-11) in
2019. Prior to that rule, ETFs required special approval from the
SEC to launch. The removal of that requirement allowed for quicker
and cheaper ETF launches, creating a more robust market for this
more tax-efficient investment structure. While a total of around
350 active ETFs existed in 2019, that number skyrocketed to almost
1,400 in 2023.
About Cetera
Cetera Financial Group, which is owned by Cetera Holdings
(collectively, Cetera), is the premier financial advisor Wealth Hub
where financial advisors and institutions optimize their control
and value creation. Breaking away from a commoditized and
homogenous IBD model, Cetera offers financial professionals and
institutions the latest solutions, support, and services to grow,
scale, or transition with a merger, sale, investment, or succession
plan. Cetera proudly serves independent financial advisors, tax
professionals, licensed administrators, large enterprises, as well
as institutions, such as banks and credit unions, providing an
established and repeatable blueprint for scalable growth.
Home to more than 12,000 financial professionals and their
teams, Cetera oversees more than $475
billion in assets under administration and $190 billion in assets under management, as of
December 20, 2023. In a recent
advisor satisfaction survey of nearly 35,000 reviews, Cetera's
Voice of Customer (VoC) program vigorously measures advisor
experience and satisfaction 24/7. Currently, it's ranked 4.8 out of
5 stars.
Visit www.cetera.com, and follow Cetera
on LinkedIn, YouTube, Twitter and Facebook.
"Cetera Financial Group" refers to the network of independent
retail firms encompassing, among others, the following FINRA/SIPC
members: Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera
Investment Services LLC (marketed as Cetera Financial Institutions
or Cetera Investors), and Cetera Financial Specialists LLC. Located
at: 655 W. Broadway, 11th Floor, San Diego, CA 92101.
Investors should consider the investment objectives,
risks, charges and expenses carefully before investing. The
prospectus contains this and other information about the investment
company, can be obtained from your financial professional. Be sure
to read the prospectus carefully before deciding whether to
invest.
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SOURCE Cetera Financial Group