How a solo RIA sold his 20-year DFA-based practice to an IBD rep
Ready to call it quits but with no plan, Peter Langer found an unlikely white knight
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November 12, 2020 at 4:43 AM
Cetera Financial Group
RIA-Friendly Broker-Dealer
Top Executive: Larry Roth
Bill Sparks
Synopsis – Langer panicked, just as many RIAs and brokers have done, and he can’t take it anymore. I love the contradiction between using DFA, a firm that preaches a very long term optimistic approach and Langer who has given up faith in the future. I’m sure he cashed out his personal portfolio at the bottom and is done now as both an RIA and an investor.
