Cetera Advisor Networks Names Timothy P. Stone Senior Vice President and Head of Operations
Former Head of Supervision Replaces Thomas B. Taylor Who Recently Assumed Role of President of Cetera Advisor Networks
El Segundo, CA – Cetera Advisor Networks LLC, an independently managed firm that is part of Cetera Financial Group®, a leading network of independent firms supporting the delivery of objective retail financial advice, today announced that it has promoted Timothy P. Stone to the position of Senior Vice President and Head of Operations, effective immediately. Mr. Stone replaces Thomas B. Taylor, who was recently named President of Cetera Advisor Networks.
Mr. Taylor said, “Tim has been a valuable member of Cetera Advisor Networks’ executive team and has made excellent contributions in helping to define the strategy of our firm. He has done an outstanding job as head of supervision, a role in which he has built strong working relationships with our Regional Directors, OSJs and advisors. He has also gained an in-depth understanding of our business and the full spectrum of its operational aspects, making this a natural and well-deserved promotion.”
Mr. Stone joined Cetera Advisor Networks in November 2013 as Vice President and Head of Supervision. Prior to that, he spent several years overseeing sales supervision activities for National Planning Corporation and before that was a regulatory compliance specialist for Woodbury Financial. He also practiced law, with a focus on elder law and estate planning, and devoted over a decade of service as both a civilian and military police officer.
Mr. Stone said, “I am thrilled to be given this new level of responsibility and I look forward to expanding my engagement with all members of the Cetera Advisor Networks community. I am eager to take on additional roles and new challenges in helping to serve the Networks organization and to further its distinctive culture and business model, which has been so instrumental to its success.”
Mr. Stone’s appointment as head of operations demonstrates Cetera Advisor Networks’ commitment to a high level of continuity in the oversight of services that the firm provides its Regional Directors, OSJs and independent financial advisors. A search for his replacement as head of supervision is currently underway.
About Cetera Advisor Networks
Cetera Advisor Networks LLC is an independently managed firm and member firm of Cetera Financial Group 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 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 firms 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.
# # #