Core Insights - Matt Fries, who served as head of investment products and partner solutions at Cetera Financial Group for the last 10 years, has voluntarily left the firm, and his departure was not related to any workforce reduction [1][2] Group 1: Leadership Changes - Fries was instrumental in expanding Cetera's alternative investment capabilities, including the introduction of alternative investment model portfolios [2] - Tom Gooley, the chief operating officer of Cetera, is set to retire at the end of the first quarter [4] Group 2: Investment Strategies - The Cetera Blended Alternatives Model-Moderate includes six funds focusing on private equity, private credit, and private real estate assets [2] - Fries also led the development of a formal policy regarding Cetera advisors' use of bitcoin ETFs in 2024 [3] Group 3: Company Overview - Cetera has approximately 12,000 advisors managing over $625 billion in assets under administration and $284 billion in assets under management [4]
Cetera Financial Gatekeeper Departs
Yahoo Finance·2026-01-12 18:10