Roth Tells Cetera Reps He’ll Bring ‘Clarity’ on Leadership Soon
AUGUST 30, 2016 |By Janet Levaux, Editor in Chief, Research Magazine | Think Advisor
The executive sent a memo to the IBD’s 9,000 reps on Monday amid intense industry chatter
Amid intense industry speculation that he could be pushed out, the head of Cetera Financial Group is telling its 9,000 affiliated industry reps to sit tight.
“We have been exploring certain potential future options for our leadership structure as we enter the post-strategic transformation phase of development for our company. We expect to be able to provide clarity on this within a matter of days,” Larry Roth explained in a memo sent to advisors Monday, according to a copy of the memo obtained by ThinkAdvisor from an industry source.