Who’s in Charge at Cetera?
August 29, 2016 By Janet Levaux, ThinkAdvisor Rumors are rife that CEO Larry Roth may be replaced by Chairman Robert Moore Is CEO Larry Roth still leading Cetera Financial Group’s parent firm and its 9,000 independent reps? Or is Chairman Robert Moore, a former executive with rival LPL Financial (LPLA), running the ship? Stay tuned, sources say. According to a Cetera spokesperson, “As a matter of policy, we do not publicly discuss speculation or rumors related to our organization." Investors are not happy with low oil prices, and a growing number of them are taking action against their advisors. The news of a possible change at the top was first reported by RIABiz on Friday. The current owners include Fortress Investment Group, Carlyle Investment Management and Eaton Vance Management. Cetera has gone through a long list of transitions...