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Cetera reviewing capital structure, retains Goldman Sachs

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Cetera reviewing capital structure, retains Goldman Sachs

Cetera Financial Group Inc. has launched a capital structure review process and retained Goldman Sachs & Co. LLC to support the process.

The company is seeking to improve its capital structure, lower costs and maximize investments in order to strengthen the financial advisory profession.

Recent strong business performance, and the trajectory of the industry, makes for an "opportune time" for Cetera to review its capital structure, CEO Robert Moore said in a statement.