Tim Murphy, former head of a closed Cetera Financial Group broker-dealer, now with LPL affiliate
Mr. Murphy ‘s Broker Check report shows he’s working for Integrated Financial Partners
Jan 5, 2017 @ 12:38 pm | By Bruce Kelly | Investment News
Tim Murphy, the one-time CEO of a closed Cetera Financial Group broker-dealer, is now registered with an LPL Financial affiliate, Integrated Financial Partners.
Investors Capital Corp., which started winding down in the fall, was acquired by Cetera Financial Group’s predecessor, RCS Capital Corp., in 2014. It was one of the almost dozen broker-dealers bought by the former nontraded real estate investment trust czar Nicholas Schorsch from 2013 to 2015 in his failed attempt to become a major player in the retail brokerage business.
Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.