Moody’s Upgrades Outlook for Aretec01/20/2021


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A ratings action taken by credit rating agency Moody’s Investors Service has affirmed the B3 corporate family rating (CFR) for Aretec, Cetera’s parent company. Moody’s said, “Aretec’s stabilizing financial advisor base and growth strategy focused on advisor recruiting helped support its CFR.”

In regard to the upgrade in Aretec's outlook to stable, “Moody’s expectation that the firm's attentive and granular management of its cash flows in 2020 will help it in accelerating its recovery from the challenges of the coronavirus pandemic. The change in outlook also reflects Aretec’s stabilizing financial advisor base and client asset levels and the firm’s improving liquidity position, which was the result of management’s swift focus on cost-cutting and improving efficiencies.”

Jeff Buchheister, chief financial officer of Cetera, said, “Our company’s strong financial health, which reflected a significant increase in cash reserves during 2020, is guided by stewardship to our financial professionals, employees and stakeholders. The strength and flexibility of our financial model and underlying capital structure is designed to support the long terms aspirations of our organization enabling us to maintain responsible levels of capital deployment, even during times of uncertainty.”

About Cetera Financial Group®

Cetera Financial Group (Cetera) is a leading financial advice firm. It empowers the delivery of an Advice-Centric Experience® to individuals, families and businesses across the country through independent financial advisors as well as trusted tax professionals and banks and credit unions. It’s headquartered at 200 N. Pacific Coast Highway, Suite 1200 El Segundo, CA 90245-5670.

Comprehensive services include: wealth management solutions, retirement plan solutions, advisory services, practice management support, innovative technology, marketing guidance, regulatory support, and market research.

"Cetera Financial Group" refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), Cetera Financial Specialists LLC, and First Allied Securities, Inc. All firms are members FINRA / SIPC.

Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.

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