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July 05, 2015 5:35 PM ET

Capital Markets

Company Overview of LPL Financial LLC

Company Overview

LPL Financial LLC, an independent broker-dealer, provides an integrated platform of proprietary technology, brokerage, and investment advisory services to independent financial advisors, and financial advisors at regional and community banks and credit unions in the United States. It provides business consulting, business development, marketing support, practice management programs and training services to assist entrepreneurial financial advisors helping them grow their businesses; and research, advisory program services and sales support, compliance, transition services, technology, marketing and training, and customer services to community and regional banks and credit unions. The company...

75 State Street

24th Floor

Boston, MA 02109

United States

Founded in 1989





Key Executives for LPL Financial LLC

Chairman and Chief Executive Officer
Age: 54
Age: 50
Co-Founder, Vice Chairman and Member of Nominating & Governance Committee
Age: 60
Co-Founder and Chairman Emeritus
Acting Chief Financial Officer
Age: 57
Compensation as of Fiscal Year 2015.

LPL Financial LLC Key Developments

John Hancock Retirement Plan Services Makes LPL Financial's Employee Advice Solution Available to Mutual Plan Sponsor Clients

John Hancock Retirement Plan Services (JHRPS) announced it is supporting the use of LPL Financial's Employee Advice Solution (EAS), a tool available within LPL's Worksite Financial Solutions platform. JHRPS will support the tool administratively for its mutual Total Retirement Solutions (TRS) clients who have contracted with LPL for access to the service and directed JHRPS to provide that administrative support. Plan sponsors and participants served by LPL Financial advisors and JHRPS on the TRS platform now have access to the EAS tool. Launched by LPL in 2014, the EAS tool enables the delivery of custom-tailored participant advice through an online service that collects information about a participant's financial picture. Based on that information, participants can elect to receive personalized retirement advice or manage their accounts on their own. They can also elect to receive advice all the way through retirement. LPL's Worksite Financial Solutions is a website platform that provides financial education and a customized planning tool to enable participants to engage with a financial advisor directlyâ€"either face to face, online, or over the phone in order to receive personal financial guidance based on their unique situation. The platform is fully integrated with LPL's reporting and monitoring tools for plan advisors. JHRPS provides a daily participant-level data feed when requested by plan sponsors, enabling LPL advisors to provide tailored financial advice and facilitate a closer relationship between advisors and plan participants.

LPL Financial LLC Names Tom Gooley as Managing Director, Head of Service, Trading and Operations, Effective from June 25

LPL Financial LLC announced that it has named Tom Gooley as managing director of service, trading and operations, effective from June 25. Gooley will report to Mark Casady, LPL chairman and CEO, and will serve as a member of the firm's Management Committee. He joins LPL from TIAA-CREF, most recently serving as senior managing director and chief risk officer of the Retirement and Individual Financial Services division. In his new role, Gooley will be responsible for leading LPL’s service, trading and operations organizations, while mitigating risk, increasing efficiency and continuously improving the client experience. Given his deep experience, Tom will also be responsible for driving the strategy, governance and execution of the firm’s business process outsourcing activities offshore in India. He will work from the LPL Charlotte office for one year before relocating to San Diego.

LPL Financial Holdings Inc. and LPL Financial LLC Announce Executive Changes

On June 1, 2015, LPL Financial Holdings Inc. announced that Matthew J. Audette, age 41, will be appointed as LPLFH's chief financial officer effective as of September 28, 2015. Mr. Audette will succeed Thomas Lux, who has served as Acting Chief Financial Officer of LPLFH, since March 13, 2015. From January 2011 until June 2015, Mr. Audette served as Executive Vice President and Chief Financial Officer of E*TRADE Financial Corporation. LPL Financial LLC announced that it has named Matthew Audette as its new chief financial officer. Audette will report directly to LPL Chairman and CEO Mark Casady and will be based in the firm's San Diego office. He fills the role previously held by current LPL President Dan Arnold and will join the firm effective September 28, 2015. In his new role, Audette will lead LPL in its efforts to provide even greater financial value and return for LPL's clients, shareholders and employees.

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