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What to make of Cetera's prolonged CEO murkiness and how the Nicholas Schorsch 'dumpster fire' of bad PR relates to it

RIABiz sources for Friday article stand by contention that Larry Roth will make way for Robert Moore at CEO -- precipitating de facto gag order on 9,000 IBD reps

Author Lisa Shidler August 31, 2016 at 10:23 PM
1 Comment
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Nicholas Schorsch's purchase and disgorgement of Cetera was a PR 'dumpster fire' that may not have been fully extinguished.

Larry Roth

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Randy Long

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Robert Moore

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Nicholas Schorsch


Bear Claw

Bear Claw

September 1, 2016 — 12:01 AM

Cetera was once a good place for a certain type of advisor to call home. Now, the public doesn’t know what the hell is going on over there, and that includes the people who work there. It’s one thing to be stuck in that situation because you are there. It is another to consider schlepping over there when there is no proven hand on the rudder. The last three CEOs are out the door and apparently no one else is terribly sure they want to go through the turnstyle.


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Mentioned in this article:

SageView Advisory Group, LLC
401k Plan Consultant, Advisory Firm
Top Executive: Randy Long

FSC Securities Corporation
RIA-Friendly Broker-Dealer
Top Executive: Jerry Murphy

Cetera Financial Group
RIA-Friendly Broker-Dealer
Top Executive: Larry Roth



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