Appointment of former LPL exec Robert Moore to Cetera’s board could help embattled B-D restore its brand
May 20, 2016 By Bruce Kelly, Investment News People inside and outside the company say word of the new chairman has already given a lift to morale of advisers The pending appointment of Robert Moore, an experienced broker-dealer executive, to serve as chairman of Cetera Financial Group, could help the embattled B-D restore its brand and has already given a lift to the morale of its advisers, according to people both inside and outside the company. A source familiar with Cetera's plans told InvestmentNews this week that Mr. Moore, the former president of the nation's largest independent broker-dealer, LPL Financial, would be named non-executive chairman in the coming weeks as the board is revamped. Cetera moved one step closer to implementing those plans Thursday after its parent company, RCS Capital Corp., or RCAP, won court approval for its bankruptcy plan....
