Business
Hancock Whitney Announces Strategic Relationship with Cetera Financial Group
GULFPORT, Miss.--(BUSINESS WIRE)-- Hancock Whitney today announced a strategic relationship with Cetera Financial Group to provide Hancock Whitney clients
About this update from Hancock Whitney Corporation
[{"type":"text","content":" GULFPORT, Miss.--(BUSINESS WIRE)--\nHancock Whitney today announced a strategic relationship with Cetera Financial Group to provide Hancock Whitney clients with enhanced broker-dealer and investment advisory services.\n\nHancock Whitney Investment Services, Inc., (HWIS), a registered broker-dealer, member FINRA/SIPC, and an SEC Registered Investment Advisor, will transition its client investment services business to Cetera, operating under the name “Hancock Whitney Financial Consultants,” pending regulatory approval. HWIS, a wholly owned subsidiary of Hancock Whitney Corporation (Nasdaq: HWC) will remain in place as a limited broker-dealer for corporate and municipal underwriting.\n\nCetera is one of the largest independent broker-dealers in the country.\n\n“Providing our clients a best-in-class, advice based experience is our priority and core to our organization’s century-old commitment to service. The opportunity to work with Cetera aligns very well with our strategic vision and direction. This relationship will support us in meeting our clients’ investment needs through superior broker-dealer and investment advisory services, enhanced products and digital user experiences, and more opportunities to help clients grow and protect their assets,” said Hancock Whitney Chief Wealth Management Officer Miles Milton.\n\nThis relationship affects only Hancock Whitney’s broker-dealer and registered investment advisor operations and does not impact the company’s trust and asset management division, which holds $10 billion in assets under management, $27 billion in assets under administration, and ranks among the top 25 largest fiduciary firms in the country.\n\n“We are thrilled to partner with Hancock Whitney to enrich client service, enhance the financial consultant experience, and elevate Hancock Whitney’s successful business to new heights,” said LeAnn Rummel, president and CEO of Cetera's financial institutions community. \"We look forward to collaborating to offer our Advice-Centric Experience® to Hancock Whitney clients, helping them achieve their version of financial wellbeing through all stages of life. We appreciate the dedication and commitment that our collective teams put forth in making this partnership a reality, and we anticipate many shared successes to come.”\n\nMilton said Hancock Whitney expects the transition to bec...