PLANADVISER - Summer 2023 - 12

On the Move
Endeavor Law Is Launched
Sean Cooper and
Bonnie Treichel,
partners
Endeavor Retirement
partners
Sean Cooper and
Bonnie Treichel
launched a new venture, Endeavor Law, in Prairie Village,
Kansas. " It's a natural outgrowth of the services we already
provide at Endeavor Retirement and will service much the
same clientele, " Treichel says. A distinct legal entity, the
new firm specializes in representing companies as fractional
general counsel on legal needs such as regulatory
compliance, litigation support, development of custom
programs and resources, and plan fiduciary compliance.
" We're proud to offer flat-fee solutions for many legal
issues, including our fractional general counsel service
that would typically be hourly at many firms, " Treichel
said in a statement. " We've found our clients appreciate
the predictability offered by this structure over the more
traditional hourly model. "
New CEO at Cetera Holdings
Mike Durbin, CEO Cetera Holdings
Cetera Holdings, the parent of broker/
dealer network Cetera
Financial
Group, named former Fidelity Investments
top executive Mike Durbin
(photo) to the new position of CEO in
mid-May. Durbin will also take a seat
on Cetera's board, while Cetera Financial Group CEO Adam
Antoniades will retain his role and his board seat.
The Los Angeles-based holding company is bringing in
Durbin to expand into " new markets and adjacencies to fuel
continued growth and provide more options for advisers, "
says the firm's announcement. Durbin had previously been
president of Fidelity Institutional.
Durbin told The Wall Street Journal that Cetera may be
" wading into the business of managing employee retirement
plans and other benefits for companies. "
The company did not respond to a request for comment
on the potential shift into workplace retirement plans. In
March 2022, Cetera Financial Group began offering a retirement
income option to its network of advisers.
More On
The Moves
➜ Sidney Queler recently
joined Fiduciary Trust Co.
International as head
of wealth management.
Queler is responsible for the strategic
direction of Fiduciary's client service
and new business development
activities. He also leads the recruitment
and development of its professionals.
He brings more than 30 years
of wealth management experience
to Fiduciary, having previously served
as the chief growth officer for CIBC
Private Wealth Management and
national director of business development
at CIBC-Atlantic Trust.
➜ Pensionmark Financial Group
appointed Jonathan Curley, a
former registered investment adviser,
to the newly created role of global
head of compliance to perform
due diligence as the firm ramps up
its acquisition activity. Curley will
manage global strategies across
all Pensionmark financial services
companies.
➜ October Three Consulting LLC,
an actuarial, consulting and technology
firm specializing in a " modern
defined benefit " offering, is acquiring
the Retirement Learning Center.
October Three, headquartered in
Chicago, says its plan-approach and
thought leadership will combine well
with RLC's educational resources and
guidance for advisers.
➜ Broadridge Financial Solutions,
a financial technology firm serving
the retirement workplace savings
and wealth management industries,
is merging its Matrix Financial Solutions,
a provider of trust, custody and
agent services for retirement plans,
with Fi360 Solutions, Broadridge's
fiduciary training, technology and
analytics division. The combined unit,
to be called Broadridge Retirement
and Workplace, will allow advisers
to work across fiduciary needs,
retirement plan offerings, workplace
benefits and wealth management in
a more seamless way, according to
the Lake Success, New York, firm.
➜ Adviser Investments LLC acquired
Ropes Wealth Advisors to create a
$15 billion registered investment advisory
firm, with 185-plus employees
including wealth advisers, portfolio
managers, fiduciary and financial
planning specialists, etc. The
management of Adviser and Ropes
Wealth will own the combined firm in
partnership with Summit Partners,
a Boston private equity firm. Summit
made a growth capital investment
in Adviser Investments in 2020 to
support national expansion.
12 planadviser.com | Summer 2023 | Awards & Innovation
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