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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

Author Lisa Shidler August 26, 2016 at 6:06 PM
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Cetera has annointed Robert Moore [seen here in a 2014 photo] its post-scandal standard-bearer

Mark Casady


Larry Roth


Robert Moore


Nicholas Schorsch

Casual Observer

Casual Observer

August 26, 2016 — 7:18 PM

About time!

Do Right

Do Right

August 26, 2016 — 8:38 PM

Your readers, RIAs who, above all, care about what is in the best interest of their clients, would be in good company with Mr. Roth. The author of this article clearly has no concept of the character of Roth who is among the top percent of executives in the BD business in terms of ethics, honesty and vision. Roth saved Cetera from the former parent’s ills with integrity. Don’t cross your lines here. You don’t site your source; perhaps he doesn’t find himself in the same esteemed company.

inaccuracies seem to abound in this article

inaccuracies seem to abound in this article

August 26, 2016 — 9:31 PM

Wasn’t it Vereit/ARCP that was the Schorsh company with the accounting scandal and not RCS Capital? And didn’t Lightyear own Cetera in 2013. Seems like pretty shoddy hack reporting. embarrassing for RIABIZ.

Lisa Shidler

Lisa Shidler

August 26, 2016 — 11:53 PM

Hey guys, Interesting comments. We are certainly planning to continue looking into this and hope to talk to Larry Roth in the future. I’m sure he has lots to share and there is no question he has an impressive past which we delved into in the article. We also mentioned that he joined RCS, an affiliate of RCAP in 2013. While the accounting error was with RCAP it did impact all of the companies.

Embarrassed for RIABIZ

Embarrassed for RIABIZ

August 30, 2016 — 6:55 PM

This is a really great piece of fiction. So obvious that Robert Moore planted this article in an attempt to humiliate Larry Roth. Mr. Roth is one of the most honest, elegant and smartest men that I have ever met. His integrity is above reproach. RCS was always the problem as were Nick Schorsch and his inner circle of people. You really missed your mark here. Any coincidence that both you and Robert Moore are from Indiana BTW?

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Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold

FSC Securities Corporation
RIA-Friendly Broker-Dealer
Top Executive: Jerry Murphy

Cetera Financial Group
RIA-Friendly Broker-Dealer
Top Executive: Larry Roth

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