Star broker, Ron Carson, is leaving LPL to jump to Cetera
Summary
WealthPLAN Partners, co-founded by Brent O’Mara and Todd Feltz, is a hybrid RIA managing $2.2 billion of client assets and was previously affiliated with LPL for 27 years before jumping to Securities America Inc. earlier this month. During a conference call this month with investors, Mr. Casady gave no hint of such prominent advisers leaving the firm and stated that LPL’s business is currently being supported by “continued strong recruiting.” With his move to Cetera, Mr. Carson is joining a firm that is trying to shake off a recent history filled with problems. Earlier this year, Cetera Financial Group emerged from bankruptcy with new owners and no ties to Mr. Schorsch. Mr. Moore joined the Cetera board as chairman in May and then became CEO in September, replacing Larry Roth. And at the start of this week, Cetera, with close to 9,000 financial advisers across a network of seven brokerage firms, experienced a technology meltdown when its computer systems crashed, leaving brokers with limited access to serving client accounts and managing client money for the better part of Monday and Tuesday.