Voya Financial completes sale of independent financial planning channel
Voya Financial, Inc. (NYSE: VOYA), announced today that it has completed the sale of Voya Financial Advisors’ (VFA) independent financial planning channel to Cetera Financial Group, Inc. (Cetera). More than 800 independent financial professionals serving retail customers have become part of Cetera, while approximately 600 field and phone-based financial professionals will remain with VFA to continue to support Voya’s workplace businesses and clients. The transaction has provided Voya with over
“With the completion of this transaction, we are well positioned to advance our strategy and meet our clients’ health and wealth needs through the workplace — this includes providing financial planning support that is closely aligned with the workplace and supporting large to small employers across all market segments and their millions of employees,” said Rodney O. Martin, Jr, chairman and chief executive officer, Voya Financial. “As we continue to reinvest in our workplace-centered business model, we are equally excited for those who are transitioning to Cetera and wish the very best to our colleagues.”
About Voya Financial®
Voya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. With a vision to be America’s Retirement Company®, Voya’s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500 company that had
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