As DOL investigation continues, Geller Group says it is executing the final stage of a four-year succession plan
Sheldon Geller and Manny Ehrlich have been grooming Alan Pfeffer to take over the 401(k) company since selling a big stake to Focus Financial in 2006, according to the firm's new leader.
When Focus bought Geller Group in January 2006, Alan Pfeffer wasn’t working at Geller Group and Alan wasn’t even their top salesman until the death of Richard Laurita in 2007.
Pfeffer is a salesman and was only chief compliance officer because he was complying with the multiple SEC and DOL investigations.
By the way, 7 months later, there is still no explanation why Caesar & Associates auditors were on Geller Group payroll and why Manny Erlich and Sheldon Geller were the trustees of the Caesar & Associates 401(k) Plan. It’s hard to debate the truth.
To the petty one,
A hypocrite is in himself both the archer and the mark, in all actions shooting at his own praise or profit.
I am in no mood to be deceived any longer by the crafty devil and false character whose greatest pleasure is to take advantage of everyone. YOU!
How are those incentive units treating you?
Guess when you can’t debate facts, you have to lift lines from semi-famous dead people. Whatever gets you through the day,
Focus Financial makes 'abrupt' CEO call, lets Rudy Adolf go into 'retirement,' with 'no solution in place;' the eighth RIA chief executive unseated since June as VCs move in -- where is the EBITDA?
Clayton, Dubilier & Rice closed on its $7-billion purchase of the roll-up on Aug. 31 -- with no hint that its parting of the ways with legendary 60-year-old founder was in the offing.
October 24, 2023 at 1:19 AM
With RIA valuations ticking down and successions ticking up, Focus Financial deep sixes 'drunken sailor' pause, forgoes buyback plan and adds a CEO
CEO Rudy Adolf sees a 'softening' in multiples after a couple of frothy years when CI Financial dominated headlines and big RIA deals
August 13, 2022 at 12:39 AM
Focus Financial Partners, LLC
Top Executive: Rudy Adolf