$287M AUA Arco Capital Joins Cetera’s Summit Network from RayJay

Cetera Financial Group announced that Salisbury, NC-based RIA Arco Capital Partners has joined Summit Financial Networks from Raymond James, where it reportedly administered $287M in client assets.

Arco Capital Partners was founded in 2015 by veteran advisor Robert Aiken, providing tailored wealth management services to high-net-worth individuals, families, and businesses. Aiken has more than three decades of experience in wealth management having worked for firms such as Wells Fargo and Wachovia Securities. Aiken will be joined by senior client assistant Tina Shue who was with him at Wells Fargo for five years, according to her BrokerCheck profile.

Arco Capital is the first team to join Summit Financial this year, following the recruitment of Scottsdale, AZ-based Allwealth Planning and its $231M in client assets in mid-December of last year.