Cetera Financial Group, one of the financial services industry's leading independent broker-dealer networks, was a bright spot in an otherwise disappointing first quarter for its parent, RCS Capital.

Cetera's assets under management climbed to $46 billion for the first quarter, up 32% from $35 billion for the same period last year. Adjusted EBITDA soared 50% to $36 million and revenue rose 8% to $504 million.

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