Cetera Welcomes Edward Duffy and his Lexington Financial Team Overseeing Approximately $608 Million in AUA

Cetera has announced the addition of financial advisor Edward J. Duffy, CFP ®, and his team from Lexington Financial, Inc., which holds approximately $608 million in assets under administration. The Lexington Financial team, based in Braintree, Massachusetts, includes advisors John F. Walsh, CFP ®, and William A. Creesy, MBA, along with Duffy's son, Michael G. Duffy, CFA ®, and daughter Megan Duffy.

Duffy brings over 42 years of industry experience, and the longevity of his team reflects a commitment to continuity in client relationships. After spending 32 years with Commonwealth Financial Network, Duffy and his team sought a new affiliation due to the acquisition of Commonwealth by LPL Financial.

The decision for the transition came after six months of due diligence and discussions with various independent broker-dealers. Key priorities for the team included maintaining continuity in client service and ensuring access to Fidelity's National Financial Services, which Cetera provides. Duffy noted the importance of retaining the third-party technology they had been using at Commonwealth.

"Leaving Commonwealth wasn't something we took lightly...our goal was finding a broker-dealer that allowed us to retain control of our processes while protecting the experience our clients were used to," Duffy stated. He highlighted the direct engagement from Cetera leadership, specifically mentioning Cetera Advisor Channel Leader Tom Halloran's involvement during the transition.