The Retirement Planning Group (TRPG), an employee-based registered investment advisor (RIA) under Cetera Holdings, is building its presence in the Aloha State with its latest acquisition of Lee Financial Group Hawaii.
Lee Financial offers investment management and financial planning services to clients in Hawaii and beyond, and is headed by Terry Lee, president and CEO. As of March 31, 2024, the firm holds $225 million in assets under management (AUM).
As a result of the acquisition, six full-time Lee Financial professionals will transition to Cetera. Lee will move into a consulting role with TRPG going ahead.
“We are pleased to welcome Terry, his talented team and their clients to TRPG,” said Kevin Conard, CEO at TRPG, in a statement. “The Lee Financial team’s commitment to putting clients first aligns with our core values and we look forward to many shared successes to come.”
“As we looked to the future for our business, team and clients, we knew finding the right long-term partner would take time as we were very selective in our search and consideration process,” added Lee. “Kevin, the TRPG team and Cetera team gave us the utmost confidence and it became clear this choice made sense on many levels for everyone affiliated with Lee Financial. TRPG has welcomed us with open arms and I know that the team and our clients are set up well for long-term success.”
Headquartered in Leawood, Kansas, The Retirement Planning Group has over 2,000 clients and $2 billion in AUM. The firm offers wealth management services, including retirement planning, portfolio and investment management, as well as several tax services including tax planning, tax preparation and filing.
The acquisition is the second for TRPG in 2024. Earlier this year, the firm completed its first acquisition of Overland Park, Kansas-based RIA Dightman Capital Group, Inc. TRPG was itself acquired by Cetera in May 2023.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with over six years of experience and a passion for telling stories and reporting news. Amanda received her degree in journalism and government and politics at St. John’s University. She is originally from Queens, New York, but now resides in Denver, Colorado with her partner. In her free time, Amanda enjoys running, cooking, and watching the latest drama show.
