Just in time for the Department of Labor's fiduciary rule change, Cetera Financial Group has put the finishing touches on its retirement plan solutions platform.

Noting "significant regulatory changes right around the corner," Brett Harrison, chief executive officer of Cetera Advisors, said in a statement that the completed platform includes "extensive support for advisors who function as fiduciaries or will be transitioning to the fiduciary model."

The platform rollout was welcome news for the troubled IBD, which is battling to keep advisors in the fold as it undergoes bankruptcy restructuring.

Anticipating the new fiduciary rules, Cetera has made Cetera Retirement Plan Specialists, an ERISA plan consulting firm and a dedicated third party administrator, available to all its advisors. The retirement service was previously offered to First Allied advisors.


The IBD has also built out its retirement plan data aggregation and practice management technology through a strategic partnership with Envestnet.

The platform includes a consolidated dashboard, due diligence tools, analytics capabilities and investment policy statement generation. Envestnet is providing Cetera with data aggregation to help the company track and analyze retirement plan data across its network.

A “Guided Retirement Solutions” web portal is also featured on the platform, providing advisors with marketing materials, training and white papers focused on prospecting, closing business, service and retention.

In addition, Cetera expanded its retirement practice consulting team, hiring industry veterans Ruben Ramirez as manager of the team and George Barker as retirement plan partner relations manager.

Read More:

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access