A slice of the wealth management pie
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A slice of the wealth management pie

Everyone in wealth management is racing to get a piece of the action in managing people’s money. Everybody, it seems, except insurance companies.

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Cetera Financial Group, the second-largest consortium of independent broker-dealers, agreed today to acquire the retail wealth management business of Securian Financial Group. It’s the latest move by an insurer to step away from a related but radically different field.

Read more: Cetera to acquire Securian's wealth business with 1,000 financial advisors

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