Former Walnut Street Advisors Drawn to Boutique Culture of Fresno-based Broker-Dealer & RIA
SCF Securities announced Thursday its addition of Brett Langer, Keith Bandettini, Will Gingell, and Beverly Cox of The Summit Financial Strategies near Portland, Oregon. The four-advisor team manages approximately $145 million in client assets.
The Summit team moves to SCF from Walnut Street Securities. After the recent purchase of Walnut Street by Cetera Financial Group, Langer began searching for an independent broker-dealer
The move puts the Fresno-based IBD at more than $1 billion in affilated client assets and 140 advisors
SCF Securities said Thursday that it attracted a team of four independent advisors based in Portland, Ore., and formerly affiliated with Walnut Street Securities.
The hybrid team, which does business as Summit Financial Strategies, was being acquired by Cetera Financial Group of El Segundo, Calif. Cetera—led by Valerie Brown—struck a deal in early
Walnut Street Team Turns Down Cetera Deal to Join Boutique IBD
Whoever said small IBDs were in trouble? A four-advisor team managing $145 million in assets is leaving Walnut Street Securities, which recently announced its purchase by Cetera, to join SCF Securities, a boutique independent broker/dealer based in Fresno, Calif.
Advisors Brett Langer, Keith Bandettini, Will Gingell, and Beverly Cox of The Summit Financial Strategies in Beaverton, Ore., turned down retention packages from Cetera to move to SCF.