Cetera Acquires The SFI Group to Expand Presence in Minnesota
Cetera Financial Group has completed the acquisition of The SFI Group, a Minneapolis-based wealth management practice led by Terry Sonnenfeld. The transaction involves approximately $200 million in Assets Under Advisement (AUA) and integrates the practice into Cetera Planning Partners, an employee-advisor RIA with roughly $20 billion in AUA. The acquisition serves as a succession solution for the Sonnenfeld family, allowing them to transition their multi-generational client base while remaining within the Cetera ecosystem. The deal establishes a physical advisor presence for Cetera Planning Partners in Minnesota and ensures continuity of service through the retention of existing support staff.
Topics: Acquisition RIA Succession Planning Wealth Management