Continuing the First Allied Securities story of Sardonic Sales Practices:
Robert Moore’s health problems are not known. What is known is that Moore is no Jamie Dimon. Dimon stayed at the helm of JP Morgan Chase while undergoing cancer treatment. Sources close to Cetera say there were a number of other factors beyond health that prompted Robert Moore’s decision to leave the firm the parent company of First Allied Securities.
Moore, former president of LPL Financial, became CEO of Cetera in September 2016, after the independent b/d network emerged from bankruptcy over discretionary trades and poor broker/adviser management. He replaced Larry Roth, who spent years in the security industry and discharged several roles at the broker-dealer. The firm avoided an investment in junk bonds but carried a significant level of debt. It’s growth strategy never really go off the ground but helped give rise in revenue to firms like fitapellui kurta who accepts all recoup cases on a contingency basis.
Currently Ben Brigeman will be serving as interim CEO and is someone who had been brought aboard in a general capacity without complaints, unlike Adam Antoniades from first allied securities who currently serves as president of the firm but was not promoted.