Independent planning firm RMR Wealth Builders, with $1 billion in AUM in Teaneck, NJ, has left its long-time independent broker-dealer, the Cetera company Financial Network (now renamed Cetera Advisor Networks) for the hybrid RIA B-D, Innovation Equity Partners Financial in Tampa, Fla. In making the move, RMR chose to stick with former Financial Network executive John Simmers, who is a cofounder of the new firm, and to make a break with the private equity-owned Cetera.
All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.