Cetera Holdings announced that Cetera’s employee-based RIA The Retirement Planning Group (TRPG) has acquired Watters Financial Services. With about $180 million in assets under management (as of March 31, 2024), the father-son team at Watters Financial Services is based in Paramus, New Jersey and led by Tim Watters, CFP, and Colin Watters, CFP, (father and son, respectively).
This experienced team delivers wide-ranging wealth management services to more than 130 clients. Through the acquisition, three full-time professionals will become TRPG/Cetera employees.
This acquisition marks the third for TRPG since being acquired by Cetera. And TRPG acquired Dightman Capital Group in February and closed an acquisition of Lee Financial Group Hawaii in June. TRPG now oversees over $2 billion in assets under management.
KEY QUOTES:
“We are pleased to welcome Tim, Colin and the dedicated Watters team to TRPG. The Watters team shares our values and commitment to clients and we are confident they will find TRPG a great home for their business and their clients. We anticipate that TRPG will continue to attract independent advisors looking to spend more time with their clients and less time running their business and encourage today’s client-centric independent advisors to consider TRPG.”
- Kevin Conard, CEO at TRPG
“As we contemplated the future of our business, we knew we wanted to increase our focus on what matters most: serving our clients. Joining Kevin and the TRPG team has empowered this shift by alleviating many of the time consuming and cumbersome burdens of operating a financial planning business. We look forward to a bright future for our business and our clients together with TRPG.”
- Tim Watters
