Cetera Financial Group, the 8,000-advisor independent broker whose credit outlook was downgraded recently, has cut several senior managers in recent weeks amid a broad “organizational realignment.”
A veteran Texas independent advisor changes broker-dealers, a Merrill duo in Indiana affiliate with Oregon-based RIA.
Advisor undertakes the pain of repapering client accounts in return for his bet on stronger client-centric service and “pricing efficiencies” for his 12-member team.
Boca Raton team of Norm and Michael Robbins, top Summit producers, had worked with Summit founder Marshall Leeds for more than 20 years.
Two affiliates of the independent broker-dealer say that the SEC’s $21 million lawsuit ignores “fulsome” website disclosure of conflicts of interest involving mutual fund sales.
Greensboro duo believe their practice-acquisition and succession ambitions will be better met at Cetera’s Summit unit than at the much-larger LPL.
Denver-based unit of independent brokerage giant Cetera Financial Group allegedly generated almost $11 million of undisclosed 12b-1 fees and revenue-sharing payments from mutual funds and a clearing firm over four years, regulator says.
AdvicePay, Michael Kitces and Alan Moore’s fintech offering, has inked deals with Cetera Financial Group, Private Advisor Group, Ladenburg Thalmann and Ameritas.