Cetera Financial plucks new chief financial officer from LPL Financial

A 13-year veteran of LPL, Jeffrey Buchheister was most recently executive vice president and chief accounting officer.
SEP 14, 2016
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.

Latest News

Advisor moves: LPL welcomes $750M Osaic team, Raymond James recruits Wells Fargo duo in New York
Advisor moves: LPL welcomes $750M Osaic team, Raymond James recruits Wells Fargo duo in New York

Elsewhere in Utah, Raymond James also welcomed another experienced advisor from D.A. Davidson.

UBS loses arbitration battle in fiduciary fight over foundation funds
UBS loses arbitration battle in fiduciary fight over foundation funds

A federal appeals court says UBS can’t force arbitration in a trustee lawsuit over alleged fiduciary breaches involving millions in charitable assets.

RIA moves: NorthRock adds $800M Parkside Advisors, NFP acquires Levine Group in Tennessee
RIA moves: NorthRock adds $800M Parkside Advisors, NFP acquires Levine Group in Tennessee

NorthRock Partners' second deal of 2025 expands its Bay Area presence with a planning practice for tech professionals, entrepreneurs, and business owners.

Three easy ways to boost your firm’s impact this summer
Three easy ways to boost your firm’s impact this summer

Rather than big projects and ambitious revamps, a few small but consequential tweaks could make all the difference while still leaving time for well-deserved days off.

Hightower taps Osaic alum Scott Hadley as first chief advisory officer, expands C-suite
Hightower taps Osaic alum Scott Hadley as first chief advisory officer, expands C-suite

Hadley, whose time at Goldman included working with newly appointed CEO Larry Restieri, will lead the firm's efforts at advisor engagement, growth initiatives, and practice management support.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.