Cetera says it has actually gotten a large financial services company that was on its My Guidance Designer advisory platform.

BAR Financial, established by John Brackett, Eric Huck and Anthony Tarantino, has 25 workers and supports close to 300 independent financial professionals, Cetera says.

BAR likewise had nearly $4 billion in client assets on My Suggestions Designer, Cetera’s platform that offers consultants different financial investment programs and turnkey options for running their organization, Cetera states. Getting obtained by Cetera was BAR’s succession preparation strategy, according to Cetera.

Under the deal, for which the monetary terms were not revealed, BAR will retain its brand name autonomy and Brackett, Huck and Tarantino will continue leading as local directors for three years, while all BAR workers will end up being Cetera workers, Cetera says.

“Cetera is a prepared purchaser of both independent monetary professionals’ services along with large business and incredibly OSJs, or ‘regions.’ Succession is not simply an exit strategy; when effectively designed and implemented, it develops a structure for development and optimization and increases the value of a company,” Adam Antoniades, Cetera’s CEO, states in a statement.

Cetera says it has helped with more than 400 succession offers, representing $9 billion in client assets, since 2015.

Cetera has also seen some turnover among its advisor ranks in recent months. It raised a $122 million consultant team from competing LPL Financial in December but lost a $250 million practice to LPL the month prior. And in October, a $1 billion practice left Cetera for LPL.