Centric Advisors, co-founded by Mondragon, partners with Cetera
What happened
Centric Advisors, a Houston-area wealth management firm, partnered with Cetera. The firm, which is based in Cypress, Texas, oversees approximately $160 million in assets under management. The partnership provides Centric Advisors with full-service solutions and growth resources.
From prnewswire.com
Why it matters
The partnership provides Centric Advisors with infrastructure and support designed to lead to outpaced growth. This could potentially boost custody demand for Commonwealth Financial Network due to increased assets under management and client flow.
From prnewswire.com
Who's involved
- MondragonCo-founder of Centric Advisors
- Commonwealth Financial NetworkAmerican investment advisor firm potentially receiving increased client flow
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Commonwealth Financial NetworkSpeculative
Commonwealth Financial Network might see increased custody demand due to client flow and higher assets under management from Centric Advisors.