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Michael Durbin wastes no time building $1.2-billion bridge back to Fidelity from Cetera by taking private IBD to get past Pershing exclusivity and expand 'addressable market'

Poached from Fidelity to serve as Cetera CEO -- to seek inorganic growth with Genstar cash -- Durbin is buying the old H.D. Vest-Blucora tax-preparer IBD for $1.2 billion, after it went for about $600 million in 2015 and got overhauls

Author Brooke Southall September 11, 2023 at 10:14 PM
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Adam Antoniades: This acquisition will establish a strategic relationship between Cetera and Fidelity.
Keith Girard contributed to the editing of this article.

Hybrid RIA



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Mentioned in this article:

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



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