SOURCE: AdvisorNet

November 28, 2011 10:00 ET

AdvisorNet Financial Expands to 50,000 Square Foot Space in Downtown Minneapolis

New Headquarters to Help Accelerate Growth in the Upper Midwest and Provide Comprehensive Support to Newly Joining Financial Advisors

MINNEAPOLIS, MN--(Marketwire - Nov 28, 2011) - AdvisorNet Financial, an independent financial services and wealth management firm, today announced signing a lease for four floors at 701 4th Avenue South, Minneapolis, MN 55415. AdvisorNet will immediately occupy the 50,000 square foot space. AdvisorNet Financial previously occupied 39,125 square feet at 1221 Nicollet Mall in Minneapolis, MN.

The building will house the firm's corporate headquarters and will soon display an AdvisorNet Financial monument sign at street level. The space will be occupied by individual financial advisors, ensemble practice groups and AdvisorNet Financial back-office operations. Related companies AdvisorNet Mortgage and AdvisorNet Property & Casualty will also be occupants. The space will serve as an educational hub for clients as well as financial advisors. Financial Advisor workshops spotlighting estate planning, technology, best business practices and investment seminars will be the focus of the company's educational campaign utilizing state of the art technology.

"For over 50 years, we've offered a true partnership founded on trust, integrity, quality resources and personal relationships for both advisors and clients," said Dan May, President of AdvisorNet Financial. "Our advisors will be able to outsource all back-office, technology and compliance services to us and fully focus on servicing their clients and accelerating their growth. They can combine the best of both worlds -- fully integrated services on an a la carte basis."

Formerly known as the Craig Hallum Building and built in 1984, the 18 story building at 701 4th Avenue South was renovated in 1996. The building is managed by CBRE. 20 Below Studios served as the architect on the project and Peter Kitchak, President of Keewaydin Real Estate Advisors, served as AdvisorNet's agent.

"AdvisorNet offers support similar to that of a large broker-dealer, with the personalized service, attention and customized solutions of a smaller firm. Our new office allows us to deliver those benefits to our advisors in an even better way," added May.

AdvisorNet Financial supports approximately 300 advisors in Arizona, Delaware, Indiana, Illinois, Iowa, Minnesota, New Jersey, North Dakota, Pennsylvania and Wisconsin.

Founded in 1959, AdvisorNet Financial has been offering securities and investment advisory services through its associated broker/dealer, Financial Network Investment Corporation, since 1992. AdvisorNet Financial is Financial Network's largest producing region, generating annual gross dealer concession in excess of $50 million.

Financial Network's holding company, Cetera, provides comprehensive broker-dealer services, award-winning technology, and competitive advisory programs for 5,000 independent financial professionals and more than 700 financial institutions nationwide.

For more information visit www.joinadvisornet.com. To become an advisor call 612-436-3788.

AdvisorNet Financial and Financial Network are not affiliated.

Contact Information

  • Media Contact:
    Fran Del Valle
    917-922-5653