M&A Deal Summary

Cetera Acquires Powell Financial Partners

On August 3, 2023, Cetera acquired financial services company Powell Financial Partners

Acquisition Highlights
  • This is Cetera’s 6th transaction in the Financial Services sector.
  • This is Cetera’s 5th transaction in the United States.
  • This is Cetera’s 1st transaction in Texas.

M&A Deal Summary
Date 2023-08-03
Target Powell Financial Partners
Sector Financial Services
Buyer(s) Cetera
Deal Type Add-on Acquisition

Target

Powell Financial Partners

Georgetown, Texas, United States
Powell Financial Partners provides independent financial advice and real-world financial planning and wealth management solutions. Powell Financial Partners was founded in 1979 and is based in Georgetown, Texas.

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Buyer(S) 1

Buyer

Cetera

El Segundo, California, United States
Category Company
Founded 2010
Sector Financial Services
DESCRIPTION

Cetera is a network of independent firms empowering the delivery of professional financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera was founded in 2010 and is based in El Segundo, California.

DEAL STATS #
Overall 6 of 7
Sector (Financial Services) 6 of 7
Type (Add-on Acquisition) 4 of 5
State (Texas) 1 of 2
Country (United States) 5 of 6
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 The Retirement Planning Group

Leawood, Kansas, United States

The Retirement Planning Group offers retirement planning, wealth management and financial planning services. The Retirement Planning Group was founded in 2004 and is based in Leawood, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Avantax

Coppell, Texas, United States

Avantax delivers tax-focused financial planning and wealth management solutions for financial professionals, tax professionals and CPA firms, supporting its goal of minimizing clients’ tax burdens through comprehensive tax-focused financial planning. Avantax has two distinct, but related, models within its business: the independent Financial Professional model and the employee-based model. Avantax was incorporated in 1983 and is based in Coppell, Texas.

Buy $1.2B
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