Cetera Financial Group, one of the industry’s largest financial advice firms, announced that it has appointed a new Board Member, industry veteran Vamsi Yadlapati, to its Board of Directors.
Yadlapati brings more than two decades of leadership experience in the financial industry and is known for his M&A and strategic expertise. As the newest member of Cetera’s Board of Directors, he will be a tremendous asset in helping guide the firm’s acquisition-related growth strategy as the industry continues to undergo waves of consolidation. He will also help support Cetera’s mission to enable the delivery of an Advice-Centric Experience to more investors nationwide.
“This is an outstanding addition to our board and Vamsi’s impressive background and expertise will complement our focus on growth,” said Adam Antoniades, Chief Executive Officer of Cetera. “As we continue to pursue a strategy that accelerates growth for our network of financial professionals, we are also seeking to acquire firms both in the independent broker dealer as well as RIA spaces. Vamsi’s long history in the financial services industry, along with his keen eye for deals that drive synergies for all parties involved, make him a valuable part of our board.”
Yadlapati said, “I’m very much looking forward to working with Cetera as it continues its growth trajectory and expands its affiliation models. Ongoing industry consolidation is creating opportunities for firms like Cetera to grow by doing what they do best, enabling financial professional practices to plug into a proven model in an easy way, and firms such as life insurance companies, to divest of financial advice businesses that are outside of their core competency smoothly and co-beneficially.”
Yadlapati most recently was Co-Head of M&A and Business Development at Focus Financial Partners. Previously, he was with Summit Partners, where he was responsible for identifying, structuring and executing the firm’s investments. His deal experience there primarily focused on financial services transactions.
Vamsi has served in the investment-banking group at Salomon Smith Barney, executing M&A, equity and debt transactions. He also has strong expertise in successfully transitioning advisors from wirehouses to independent firms.
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