DFG Financial Group, based in Hamilton, has recently been acquired by Cetera, the latter announced Wednesday.
DFG will now be operating under Summit Financial Networks within the overall Cetera Advisor Channel.
Advisers David Dominci and Jacqueline Zapicchi-Cloughsey, along with $400 million in assets, were moved in the transaction.
Dominci praised Cetera and the future outlook with the partnership.
“Cetera has the look and feel of true independence, with back-office support, and what we really liked about Summit is the boutique culture and belief that we’re going to get phenomenal service from a 12,000-adviser firm, but in a smaller carveout that fits our culture,” he said. “Summit enamored us with how they do things and how they’re set up to help us grow — we’re definitely here to grow, we’re not here to camp.”
Dominici likens his firm to a pace car, always working to stay ahead of the pack in terms of client service, range of products and the ability to deliver large-firm capabilities with a personalized approach.
Cetera Advisor Channel Leader Tom Halloran echoed Dominci’s vision.
“David and his team want to spend every minute they can with clients, and Summit helps them do that by handling much of the back-office work,” he said. “In addition to the culture at Cetera and Summit, our business acumen, deep resources and the ability of Cetera to ‘make the big feel small’ brought us together.”
