Articles tagged "Cetera"
Headline
Publish date
Mike Durbin boosts sluggish Cetera, again, this time getting the owner to re-up for the first time since 2018
The El Segundo, Calif., broker-dealer has grown tepidly since 2018 when Genstar stepped in; it added 1,000 brokers but only 700 staff, falling farther behind LPL Financial.
October 5, 2023 at 3:04 AM
Michael Durbin wastes no time building $1.2-billion bridge back to Fidelity from Cetera by taking private IBD to get past Pershing exclusivity and expand 'addressable market'
Poached from Fidelity to serve as Cetera CEO -- to seek inorganic growth with Genstar cash -- Durbin is buying the old H.D. Vest-Blucora tax-preparer IBD for $1.2 billion, after it went for about $600 million in 2015 and got overhauls
September 11, 2023 at 10:14 PM
CEO Robert Moore's abrupt departure from Cetera for 'health reasons' throws dark clouds over ambitious expansion plans for star-crossed broker-dealer
The official version is health concerns but people close to the firm cite Moore cross swords with Genstar; ex-Schwabbie Ben Brigeman steps in as CEO search launches
February 20, 2019 at 7:24 PM
Oisin's Bits: Focus Financial shares crater after Rudy Adolf's answers to analysts fail to mollify; RIAs get negotiating boost as T.Rowe 'proves' plans boost profits, but is it a fallacy?; and Genstar's tenure as Cetera' owner has started with a bloody nose, despite more than half a billion inflows
Roll-up model meets Wall Street analysts; T.Rowe Price’s latest report posits that 401(k) plans are a rocket for corporate profitability; and private equity firm Genstar Capital's deep pockets have so far failed to turn the tide in Cetera's bitter rivalry with LPL
November 13, 2018 at 10:30 PM
LPL Financial wages 'war' on Cetera, Securities America and Kestra after they pounced on NPH advisors in wake of sale
Unheard-of packages, tight targeting and unusual timing rock recruiters who marvel at the competitive behavior that has Bill Morrissey escalating an epic battle
April 12, 2018 at 6:39 PM
The 10 RIABiz stories advisors connected with most deeply in 2016 and how hubris and humility ran amok in this didn't-see-it-coming year
How did Aequitas swamp CONCERT? Power outages at LPL, Cetera and Wealthfront? Adolescent robo problems? And was that Tony Robbins hawking his money book ... again?
December 28, 2016 at 5:54 PM
Almost-confirmed reports had Ron Carson bolting LPL for Cetera as part of a $35-million shake-up of his RIA; 92 hours later the silence is deafening
The $2.6-billion AUM defection by the LPL rep icon was widely reported, tacitly confirmed, then unconfirmed and remains in a cone of silence
November 21, 2016 at 11:56 PM
PE-backed Cetera board member Robert Dineen sees Larry Roth to the door, takes CEO reins
A former secret service agent and Merrill Lynch exec, Robert Dineen is known for leading by example and delivering results
September 2, 2016 at 8:08 PM
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
August 31, 2016 at 10:23 PM
Sources: Larry Roth is out at Cetera, supplanted by ex-LPL president, Robert Moore
A column co-written by Roth and Moore earlier this month hinted to some that Cetera's newly rechristened parent firm is still actively engaged in refurbishing its image
August 26, 2016 at 6:06 PM
Valerie Brown re-poaches Cetera's Susan Theder cueing up AIG female trifecta
The Advisor Group executive chairman grabs her old chief marketing officer who had managed the unmanageable 'Cetera' brand and connected with advisors
February 25, 2016 at 8:46 PM
Sources: Lightyear Capital is set to snap up AIG -- and perhaps install Valerie Brown as its leader
Heads of SagePoint, FSC, Royal Alliance and Woodbury are in New York, perhaps hashing out details of their new life under Donald Marron's private equity unit
December 16, 2015 at 2:28 AM
Envestnet gets Matt McGinness as it launches an advisor consulting division
The problem for the Chicago outsourcer is that its insourcers are stung by 2008 and operating in suboptimal fashion
April 15, 2015 at 12:45 PM
How LPL's CFO answered the Cetera question at Morgan Stanley Financial's conference
Dan Arnold wrote off the Schorsch roll-up as PacLife, AIG or Jackson National reincarnated
June 16, 2014 at 2:14 AM
How Erinn Ford feels about life under Nicolas Schorsch as she takes the helm at Cetera's most RIA custody-like arm
Ford's enthusiasm for her new overlord is real but she makes no bones about continued vigilance when it comes to vetting non-traded REITs
