Cetera Financial plucks new chief financial officer from LPL Financial

Cetera Financial Group has just hired another former LPL Financial executive, this time landing Jeffrey Buchheister as its chief financial officer. A 13-year veteran of LPL, Mr. Buchheister most recently was executive vice president and chief accounting officer for LPL. Prior to joining LPL, Mr. Buchheister was a senior manager at Deloitte. “We're excited to have him come on board. He has more than 22 years in industry,” said Larry Roth, CEO of Cetera Financial. “Jeff knows the independent model very well. He had various jobs at LPL and has the entire tool set. He's also from southern California where Cetera has its headquarters. I don't think we could have done any better.” In May, Cetera Financial's parent company, RCS Capital, emerged from bankruptcy. Cetera then appointed Robert Moore as its chairman. Mr. Moore resigned as president of LPL Financial in March 2015. Cetera Financial Group is home to 10 broker-dealers and 9,000 advisers. Meanwhile, LPL on Wednesday said that Matthew Audette, its chief financial officer, will assume Mr. Buchheister’s responsibilities as LPL’s principal accounting officer.