Cetera Financial Group Names Thomas B. Taylor President of Cetera Advisor Networks

LOS ANGELES, Jan. 25, 2017 /PRNewswire/ -- Cetera Financial Group ("Cetera")*, a leading network of independent broker-dealer firms, announced today that it has named Thomas B. Taylor to the position of President of Cetera Advisor Networks ("Networks"), one of its member firms. Mr. Taylor, currently Senior Vice President and Chief Operating Officer of Cetera Advisor Networks, will replace Douglas S. King as President effective immediately. Mr. King is departing the firm to pursue entrepreneurial ventures.

Cetera Advisor Networks is an independent broker-dealer that specializes in supporting high-performance teams of independent financial advisors - referred to as Regional Director firms - that offer local support and guidance to their affiliated advisors while facilitating opportunities to share best practices and business opportunities.

Robert J. Moore, Chief Executive Officer of Cetera Financial Group, said, "I am very pleased to announce the appointment of Tom Taylor as the new head of Cetera Advisor Networks. As a longstanding and highly effective member of the senior leadership team at Cetera Advisor Networks, Tom has earned tremendous respect from the firm's advisors, regional directors and staff for not only his leadership ability, but his depth and breadth of knowledge of all aspects of the business.  I am confident that Tom's extensive familiarity with the firm's culture, coupled with his business expertise, will enable him to continue to drive enormous success at Networks through the delivery of exceptional support for years to come."

Mr. Taylor, 48, with over 26 years of financial industry experience, joined Cetera Advisor Networks in 1997 and worked across a series of management roles, becoming Chief Operating Officer of the firm in 2006. During that time, he has been instrumental in developing many of the company's new operational, technological and sales initiatives. Before joining Cetera Advisor Networks, Mr. Taylor spent five years as a top-producing registered representative at Liberty Securities Corp./IFMG before being promoted to sales manager. He also ran an investment program and managed a corps of advisors for a financial institution in southern California.

Mr. Moore continued, "I am also extremely grateful to Doug King for his many contributions to Cetera. Doug has done an outstanding job leading Cetera Advisor Networks and has positioned them for even greater success in the future.  Doug, who has decided to make a change in his career and serve our industry in a more entrepreneurial capacity, has contemplated this personal decision for quite some time.  I am extremely appreciative that Doug, Tom and I will work closely together to effect a smooth leadership transition over the coming weeks. We wish Doug great success and good fortune in all his new endeavors."

Mr. King said, "I feel privileged to have served with Cetera, alongside so many terrific people for the past several years.  I'm grateful to Robert and all of my colleagues both at Networks and across the broader Cetera organization for their  tremendous support. I am confident that Networks is better positioned today than ever before, and will be in excellent hands for the future with Tom Taylor at its helm. Tom is a seasoned leader and a highly trusted colleague who has always worked tirelessly for the firm's regional directors and the advisors they serve."

Mr. King joined Cetera Advisor Networks as the firm's President in April 2012.

Mr. Taylor said, "I'm honored to have the opportunity to work with the field leaders of Cetera Advisor Networks, and I'm enthusiastic about helping move the firm forward at a time of such change and opportunity in our industry. Cetera Advisor Networks' distinctive culture and business model, together with its extensive advantages in being part of the broader Cetera organization, will continue to make the firm a preeminent destination for advisors and advisor groups seeking to maximize the advantages of independence in a collaborative team-based environment."

About Cetera Advisor Networks
Cetera Advisor Networks LLC is an independent broker-dealer and registered investment adviser firm that utilizes a unique regional director model to support financial advisors through the entire life cycle of their business. As part of Cetera Financial Group®, a leading network of independent retail broker-dealers, Cetera Advisor Networks is able to build and support regional teams through local service, regional offices and a national home office, facilitating the success of financial professionals.

Cetera Advisor Networks is a member of the Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA). For more information, see ceteraadvisornetworks.com

About Cetera Financial Group^®
Cetera Financial Group ("Cetera") is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is the second-largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions.

Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology. For more information, visit www.ceterafinancialgroup.com. 

* "Cetera Financial Group" refers to the network of retail independent broker-dealers encompassing, among others, Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services (marketed as Cetera Financial Institutions), Cetera Financial Specialists, First Allied Securities, Girard Securities and Summit Brokerage Services. 

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SOURCE Cetera Financial Group