Cetera Acquires Super OSJ BAR Financial
January 13, 2021 By Diana Britton, WealthManagement.com The acquisition provides a succession plan for the founding partners of BAR, which has 300 advisors and $4 billion in assets under management. Cetera Advisor Networks announced Wednesday morning it has acquired one of its own super offices of supervisory jurisdiction (OSJ), or “regions” as the firm calls them—BAR Financial, which has 300 advisors, about 30 employees and $4 billion in assets under management. Terms of the deal were not disclosed. The move provides a succession plan for BAR’s three founding partners, John Brackett, Eric A. Huck and Anthony Tarantino, who are near retirement age, and it provides a path forward for the firm’s advisors with as little disruption as possible. There will be no repapering involved, and BAR’s management team and support staff will remain in...
