Wilde Wealth Management Group, one of the largest supervisory jurisdiction offices affiliated with Cetera Advisors, with $3.6 billion in assets, has appointed Drew Kliber to lead its new family office division. Kliber joins from UBS, where he managed $400 million in client assets.
The new W Family Office division will aim to provide white-glove service to clients with $5 million to $10 million in investable assets.
Kliber has almost 30 years of experience in the financial services industry, having started at Smith Barney in 1997. He founded Rocky Mountain Group in 2000.
This follows the news earlier this year that Cetera made a minority investment in Scottsdale, Ariz.-based Wilde Wealth. The firm was founded by CEO and Managing Director Trevor Wilde, and partnered with Cetera in 2007. The deal was made as part of Cetera's suite of continuity offerings, which include advisor-to-advisor support, business continuity and divestiture options. full or partial.
Last summer, Cetera Holdings, the holding company of Cetera Financial Group, announced this the first purchase of a pure RIA, Retirement Planning Group. This move came less than a month after the company hired the former senior executive of Fidelity Investments Mike Durbin as its CEO, signaling an intention to move more seriously into space.
In December, Cetera's private equity owner Genstar Capital new reinvested capital in the broker/dealer network from two of its newest funds, Fund XI and Fund X.
Cetera now serves more than 12,000 advisors, representing more than $521 billion in assets under management and $224 billion in AUM, as of June 30, 2024.