Cetera Financial Group added a League City, Texas–based team with more than $3 billion in assets under advisement to Cetera Advisors, one of the firm’s independent broker/dealers. Burrows Capital Advisors, led by 30-year industry veteran Don Burrows, joins from Hilltop Securities. Prior to that, the team was with Wells Fargo Advisors.
The Burrows team is affiliating with Totus Wealth Management, an office of supervisory jurisdiction in the Gulf Coast of Texas that joined Cetera in May 2021.
In addition to Don Burrows, the team also includes partners Clint Auttonberry and Michael Agol; they’ve been together for 21 years and serve high-net-worth, ultra-high-net-worth and institutional clients. They’re joined by Rolando Villarreal, director of operations and advisor, and Ashley Villarreal, director of finance.
"As we identified new ways to deliver more sophisticated advice to clients, we recognized the need to upgrade and enhance our core capabilities and resources," Burrows said, in a statement. "Cetera Advisors and Totus deliver this upgrade, with dedicated support and programs that will help us continue to grow and provide a more holistic experience for clients.”
He adds that the independent model will allow them to serve clients without restrictions or limitations.
"Burrows Capital Advisors is the latest example of how today's top advisors continue to migrate toward an independent model with dedicated support and resources," said Brett Harrison, president of Cetera Advisors, in a statement. "As industry dynamics continue to shift, we expect this trend will only accelerate and more billion-dollar advisory teams will reevaluate their firm affiliation and embrace an independent model.”
Cetera has scored some big recruiting wins in the past several months; in June a former Merrill Lynch team with more than $1 billion in client assets, led by industry veterans Dean Packard, Scott Lowder and Vytas Maginnis, joined Cetera Advisor Networks. Cetera added a record $3.6 billion in recruited assets during the second quarter.