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.

Formerly the head of the now shuttered Investors Capital Corp., Mr. Murphy registered with LPL in December, according to his BrokerCheck report.

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.

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