#United States #Cetera Financial #MTI Financial #Douglas Morey #Edina, Minnesota

Cetera Financial Group Welcomes Douglas Morey and MTI Team

In an exciting development for the financial services industry, Cetera Financial Group is proud to announce the arrival of Douglas Morey and his team from MTI Financial Advisors. This team comes on board with approximately $350 million in assets under administration (AUA), marking a significant expansion of Cetera's capabilities and reach.

Based in Edina, Minnesota, the MTI Financial Advisors team, which includes seasoned advisors Christopher Bayliss and Thomas Scheck, has worked tirelessly to build a robust clientele that spans more than 20 states. The team previously operated under Osaic but decided to transition to Cetera to regain the support needed for their personalized, relationship-driven wealth management approach.

A History of Stability and Client-Centric Services

Founded in 1988, MTI Financial Advisors has remained in the same Edina office since 1991, symbolizing their dedication to stability and long-lasting client relationships. The firm's primary clientele includes high-net-worth families, business owners, pre-retirees, and retirees, offering a variety of specialized services that range from estate planning to tax-efficient wealth transfer and generational financial strategies. Notably, over 80% of MTI's business is derived from fee-based advisory relationships, reinforcing their fiduciary mindset and commitment to customized service.

MTI Financial Advisors was initially associated with Investacorp, Inc., a smaller independent firm which emphasized personalized service. However, as the firm became incorporated into larger entities, they sought a broker-dealer relationship that would better align with their operational and cultural values.

Choosing Cetera: A Match Made in Financial Services

In their search for a new partnership, MTI's team conducted thorough due diligence across various broker-dealers. Their visit to Summit, a division within Cetera, proved pivotal. During their time at the Boca Raton office, the advisors recognized significant differences in the firm’s approach compared to their past experiences, particularly appreciating Cetera's large-firm resources paired with a personalized touch.

Christopher Bayliss, one of the advisors, remarked, "The model that Summit and Cetera presented brings MTI back to the kind of firm we want to associate with. Meeting the people who will support us directly was a stark contrast to the national call center experiences we have known, and it is exactly what we were searching for."

The enhancements in technology offered by Cetera were also a major draw for MTI. The advisors believe these improvements will be instrumental in delivering enhanced services to their clients. Additionally, the move marks an exciting new chapter in MTI’s growth, with ambitions to expand office space and recruit two experienced financial advisors who resonate with their client-first ethos.

Thomas Scheck shared, "We're expanding our office and eager to welcome advisors to build their own practices within a supportive environment. Cetera and Summit provide us with the necessary platform and marketing support to achieve this goal."

A Bright Future Ahead

Welcoming the new team, Tom Halloran, Cetera's Advisor Channel Leader, praised Doug Morey for his impressive track record in delivering consistent, high-touch client service and underscored the alignment between MTI's values and those of Summit. Halloran emphasized that MTI's approach, which is characterized by fiduciary practices and customized solutions, is precisely what Summit seeks to support.

As of early 2026, Cetera manages approximately $630 billion in assets under administration along with a robust community of about 12,000 financial professionals. Their commitment to advisor satisfaction is evident through their high satisfaction score, indicating strong support for their financial professionals.

MTI’s merger with Cetera represents a significant shift not only for the advisors but also for clients who stand to benefit from the enhanced services that this partnership promises. As they chart a new course, the future appears to be bright and filled with potential for continued growth and client success.

For those looking to delve deeper into the Cetera Financial Group experience, they are encouraged to visit their website at www.cetera.com and connect via various social media platforms.