Cetera's Strategic Acquisition of Darnall Sikes Wealth Partners Enhances Its RIA Platform

Cetera's Strategic Acquisition of Darnall Sikes Wealth Partners

In a significant move, Cetera Financial Group has completed the acquisition of Darnall Sikes Wealth Partners, a respected wealth management firm based in Louisiana. Known for its focus on high-net-worth individuals, business owners, and their families, Darnall Sikes brings approximately $1.9 billion in managed assets to Cetera's Registered Investment Advisor (RIA) model. This strategic acquisition is poised to bolster the growth trajectory of both entities and further enhance the service offerings within Cetera’s expansive network.

Expanding the RIA Platform

Cetera, which has positioned itself as a premier hub for independent financial advisors, has been actively expanding its RIA Branches model. Launched in June 2025, this dedicated channel caters to independent RIAs and enhances Cetera’s service capabilities, allowing firms to provide more personalized support to their clients.

The acquisition taps into the existing relationship between Darnall Sikes and Avantax, another key member within Cetera’s community. By integrating Darnall Sikes into its RIA model, Cetera can further harness the expertise and client-focused approach that Darnall Sikes has developed over the years, serving clients across 40 states from four key locations in Louisiana.

Benefits of the Acquisition

John P. Armato, President of Darnall Sikes Frederick, expressed optimism regarding the acquisition, highlighting that this partnership presents substantial benefits not just for the firm, but for shared clients as well. Armato stated, "This strategic partnership with Cetera brings clear and compelling benefits to our team, our shared clients, and the long-term growth of our business."

He emphasized that the collaboration aligns with their commitment to prioritizing clients and fostering an environment conducive to future growth and succession planning for team members. Similarly, financial advisor Jed Inzerella indicated that the deal would enhance service offerings and deepen client relations, ensuring continual growth in a dynamic market.

Commitment to Clients

Jen Hanau, RIA Branches Channel Leader at Cetera, underlined that this new partnership further solidifies Cetera’s role in supporting advisors at every stage of their careers. Hanau stated, "More than ever, financial advisors and institutions are choosing Cetera as their 'forever home'—a place where they can grow, evolve, and ultimately transition their practices with confidence."

Both firms are determined to maintain a client-first approach by combining their resources and talents, showcasing their commitment to high-quality financial advice and planning. The transaction aims to enable Darnall Sikes’ team members to seize new opportunities for innovation and personal development within the Cetera platform.

Financial Growth and Community Impact

As of September 30, 2025, Cetera manages around $625 billion in assets under administration, with $284 billion in assets under management. The addition of Darnall Sikes is another step in strengthening their robust portfolio while illustrating Cetera’s focus on enhancing its operational capabilities through strategic acquisitions.

This acquisition not only reflects Cetera's financial growth but also emphasizes their commitment to developing a community-oriented culture that benefits both advisors and clients. Additionally, Darnall Sikes Frederick, a Louisiana CPA firm associated with Darnall Sikes, will continue to operate independently yet engage in a long-term strategic partnership with Cetera.

Conclusion

Cetera's acquisition of Darnall Sikes Wealth Partners marks a pivotal moment in their journey as a leading financial services provider. By reinforcing their infrastructure and expanding their market presence, Cetera is well-positioned to meet the evolving needs of their clients, affirming their dedication to delivering exceptional financial advice and leading innovative solutions in wealth management.

Learn more about Cetera and their offerings by visiting Cetera's website.