Ex-Raymond James Firm With $287 Million in Client Assets Joins Cetera

Financial adviser Cetera Financial Group announced that Arco Capital Partners has joined Summit Financial Networks, a community within Cetera Advisor Networks LLC. Arco Capital Partners is led by adviser and founder Robert Aiken and had approximately $287 million in assets under administration as of Dec. 31, 2024. The firm joined Cetera from Raymond James.

“At Arco Capital Partners, we pride ourselves in providing clients with resources typical of a larger firm while offering the kind of consideration and service typically reserved for smaller boutiques. It’s been refreshing to see that Summit Financial Networks and Cetera offer a similar mix of resources and service,” Aiken said. “In Cetera, we see a partner that will provide us the best opportunity to grow organically, recruiting the best advisers to increase our enterprise value over time. I look forward to this beneficial opportunity.”

Aiken founded Arco Capital Partners in 2015, after serving in various roles at Wachovia and Wells Fargo Advisors. Today, the company said it provides personalized and custom financial and investment planning and is focused on serving individuals, families, businesses, retirees, and women investors. Aiken is an industry veteran with 32 years of industry experience.

“I am pleased Robert and his team see the capability of both Summit Financial Networks and Cetera Advisor Networks LLC to uplift their already thriving practice,” said Tom Halloran, head of adviser channel communities at Cetera. “I know Arco Capital Partners presents a beneficial cultural fit with Cetera, and I look forward to seeing what we accomplish together moving forward.”

Aiken is joined in his practice by senior registered client assistant Tina L. Shue, who has 27 years in the financial industry and holds her FINRA Series 7 and 63 licenses. Prior to joining Arco Capital Partners, Shue served as a registered client associate with Wells Fargo Advisors and as a retirement plans consultant and compliance assistant at Interstate/Johnson Lane Inc.

This announcement follows closely on Cetera’s networking agreement with a New England-based credit union and its recent partnership with a Philadelphia-based firm with $6 billion in assets under management.

As of Sept. 30, 2024, Cetera Financial Group oversaw more than $545 billion in AUA and $235 billion in AUM.

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