Centaurus Financial’s RIA Platform Increases Fee-based Revenue by 32%
Anaheim, California, May 11th, 2015 – Centaurus Financial® was ranked as one of the top 40 independent broker/dealers based on gross revenue for the twelfth consecutive year according to InvestmentNews. In 2015, Centaurus Financial® moved up in the survey to #39 with $134 million in total revenues. The revenue growth cements Centaurus Financial® as one of the fastest-growing independent broker-dealers in the country.
Headquartered in Anaheim, California, Centaurus Financial is an independent broker-dealer and registered investment advisor (RIA) that formed in 1992 to provide a platform for independent financial advice and services. Throughout its 23 year history, Centaurus Financial® has enjoyed consistent growth as a premier service provider to independent financial advisors and the clients they serve.
In addition to ranking as one the best independent broker/dealers in the country based on gross revenue, Centaurus Financial showed strength across the board. The Centaurus Financial registered investment advisor platform increased revenue by 32%, from $20 million to over $26 million year-over-year. Centaurus Financial® also boasted an outstanding ratio of financial advisors qualified with the prestigious CFP® designation. With over 240 CFPs making up over 37% of the advisor force, Centaurus Financial® ranked at the top of the survey by this important measure.
Westley King, the President of Centaurus Financial®, highlighted the firm’s focus on providing a broad platform of products and services to its representatives. “We were founded on the basic principle that truly independent financial professionals offer a superior model of financial planning and advice for consumers, and we’ve invested heavily in this idea over the years. By allowing our registered representatives to customize their practices with our broad array of technology and service offerings, they’ve been able to build their practices in a way that best meets the needs of their clientele. Whether its fee-based advisory services, fixed insurance solutions, long-term retirement planning, alternative investment offerings, separately managed accounts or traditional investment management and stock brokerage, Centaurus Financial has the infrastructure, support and experience that high-end financial advisors desire.”
Ron King, the Chairman and CEO of Centaurus Financial®, also noted that independent advisors appreciate Centaurus Financial’s commitment to providing unparalleled service coupled with the lowest fees in the industry. “Most broker dealers in the industry today rely on the fees they charge their advisors. From “affiliation” fees to technology fees, the list just keeps getting longer. Our firm has a different approach and we think it sets us apart – we like to sit on the same side of the table as our financial advisors and help them build their businesses. Under our model, the best way to grow our revenue is to help our advisors grow their revenue. While the business and regulatory environment has created some costly headwinds for our traditional model, we hope we can continue this successful formula in the years to come. It’s a perfect alignment of interests and we believe it’s helped us attract and retain the best group of financial advisors in the business.”
Centaurus Financial, Inc.® is a leading independent broker/dealer licensed to offer securities and insurance products in all fifty states. Centaurus is registered with the Securities & Exchange Commission and is a member of both FINRA (Financial Industry Regulatory Authority) and SIPC (the Securities Investor Protection Corporation). For registered representatives, insurance agents or financial advisors interested in joining one of the top independent broker-dealers in the country, please visit Centaurus Financial’s website for financial professionals at www.joincfi.com or contact Kathy Swindell or Tesh Lokumal at (800) 880-4234.