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LPL Financial Provides Update on Fourth Quarter 2015 Advisor Recruiting

LPL Financial

Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today provided an update on financial advisors who chose to affiliate with the firm in the fourth quarter of 2015. Select new advis...

"As the marketplace experiences a continued shift toward independence, LPL remains a leading destination for advisors."

- Bill Morrissey

CHARLOTTE, N.C., Feb. 16, 2016 (GLOBE NEWSWIRE) -- Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), today provided an update on financial advisors who chose to affiliate with the firm in the fourth quarter of 2015.

Select new advisors, their approximate respective assets served* as of a recent date prior to joining LPL and their (former firm) include:


  • Jeffrey Ackler, Tavares, Fla. (Charles Schwab & Co. Inc.)
  • Sherri Beabout, David Sharp, Lafayette, Ind. (Cetera)
  • Ronald Case, Syracuse, N.Y. (Cadaret, Grant & Co.)
  • Susan Coy-Kamph, Minverva, Ohio (Huntington Investments)
  • Andrew Denney, Springfield, Mo. (Cambridge Investment Services)
  • Larry DeNoia, Daniel Giaimo, Joseph Kelly, Patrick Lennon, Peekskill, N.Y. (NFP Securities Inc.)
  • Patrick Harrigan, Crestview Hills, Ky. (US Bancorp Investments LLC)
  • Tim Hill, Seattle (Planmember Securities Corp.)
  • Jeffrey Kocis, John Kinsella, Richard Rohlfing, Oakbrook Terrace, Ill. (Merrill Lynch)
  • Jeremy Lewis, Bradley Hoyt, Ben Kohls-Chase, Noelle Seipp, Spokane, Wash. (Waddell & Reed)
  • James Lowry, Huntersville, N.C. (Capital Guardian)
  • Scott Piggush, Manteno, Ill. (Raymond James)
  • Fred Schellpeper Jr., Norfolk, Neb. (Ameritas Investment Corp.)
  • Stephen Schlichter, King of Prussia, Pa. (FSC Securities Corp.)
  • Lisa Strohm, Center Valley, Pa. (JoycePayne Partners)
  • Matthew Washek, Eric Lazzari, Framingham, Mass. (Capital Securities Management)
  • Katie Weibel, Orchard Park, N.Y. (M&T Securities)
  • Nathan White, Lafayette, Calif. (M Holdings Securities)
  • Nicholas Wiedrich, Jonathan Haugen, James Frigstad, Bismarck, N.D. (Thrivent Investment Management)
  • Kirk Wilkerson, Andrew Lubben, Alpharetta, Ga. (Ronald Blue & Co.)


  • Anthony Arcuri, Charlottesville, Va. (Wells Fargo Advisors)
  • George Christie Jr., Syracuse, N.Y. (Cadaret Grant & Co.)
  • Jason Coutcher, Petoskey, Mich. (Fifth Third Securities)
  • Ellis De Jesus, Tampa, Fla. (USAA Financial Advisors)
  • Lee Edson, Spicewood, Texas (Sagepoint Financial Inc.)
  • Jorge Escobedo Jr., Austin, Texas (Cetera Investment Services)
  • Jeremy Evans, Cranberry Township, Pa. (PNC Investments)
  • Richard Feauve, Bethlehem, Pa. (American Portfolios)
  • Robert Georgiou, Joseph Koury, Coral Springs, Fla. (Securian Financial Services)
  • David Hatfield, Dover, N.H. (CCO Investment Services)
  • Richard Hope, Columbia, Md. (Lincoln Financial Services)
  • Nicole Jervis, Warren, Ohio (Huntington Investments)
  • Robert Leach, Los Gatos, Calif. (Wells Fargo Advisors)
  • Peter Light, Freeport, Maine (RBC Cap Markets Corp.)
  • Robert Mafera, Marshfield, Mass. (Ameriprise Financial Services)
  • Keith Martel, Calabasas, Calif. (J.P. Morgan Securities)
  • Jason Moore, Beavercreek, Ohio (PNC Investments)
  • Michael Napoli, Los Gatos, Calif. (Wells Fargo Advisors)
  • Thomas Neess, Alan Runkel, William Thompson, Mason, Ohio (Sterne Agee)
  • Jack Perry, Indianapolis (City Securities Corp.)
  • Jared Powell, Johnstown, Colo. (Waddell & Reed)
  • Edward Quirk, Braintree, Mass. (Citizens Securities)
  • Gary Saginor, Boca Raton, Fla. (Investments by Planners, Inc.)
  • Pat Sharp, Knoxville, Tenn. (First Tennessee Bank)
  • Kelly Smith, Mesquite, Nev. (J.W. Cole Financial)
  • Mark Sternburg, Brookfield, Conn. (Peoples Securities)
  • Matthew Warren, Princeton, N.J. (Ameriprise Financial Services)
  • Robert Withers, Minnetonka, Minn. (Merrill Lynch)
  • Susanne Zito, Sacramento, Calif. (J.P. Morgan Securities)


  • Daniel Ascani, Jupiter, Fla. (Ameriprise Financial Services)
  • Robert Barber, Fresno, Calif. (Morgan Stanley)
  • Kevin Barletta, Hawthorne, N.Y. (Ameriprise Financial Services)
  • Dan Berryman, Medford, Ore. (J.P. Morgan Securities)
  • Matthew Brand, Southfield, Mich. (J.P. Morgan Securities)
  • John Burnette, Vestavia Hills, Ala. (Ameriprise Financial Services)
  • Stephen Colonna, Quincy, Mass. (Signator Investments Inc.)
  • Howard Dal Monte, Mesa, Ariz. (Wells Fargo Advisors)
  • Christopher Davis, Bentonville, Ark. (Edward D. Jones & Co.)
  • John Donnelly, Plymouth, Minn. (Transamerica Financial Advisors)
  • Roger Fishel, Atlanta (Securian Financial Services)
  • Scott Foties, Corona, Calif. (Edward D. Jones & Co.)
  • Jair Gamiz, Round Rock, Texas (J.P. Morgan Securities)
  • Max Hangartner, San Diego (Union Banc Investments)
  • James Hawryluk, Sugar Land, Texas (Sagepoint Financial Inc.)
  • Ty Hensley, Charlotte, N.C. (Cetera Advisor Network)
  • Gerald Hughes, Claremont, Calif. (D.A. Davidson & Co.)
  • Anthony Iuso, Summit, N.J. (Wells Fargo Advisors)
  • Ryan Mackinder, Macomb Township, Mich. (J.P. Morgan Securities)
  • Edward Marinucci, Hingham, Mass. (Bolton Global Capital)
  • David Medlin, Colleyville, Texas (Ameriprise Financial Services)
  • Michael Nedreski, Erie, Pa. (Cambridge Investment Services)
  • Dianne Paroubek, Flower Mound, Texas (Merrill Lynch)
  • Dwight Peterson, Danville, Calif. (National Planning)
  • Timothy Picciott, Peoria, Ariz. (Waddell & Reed)
  • Steven Pinedo, Modesto, Calif. (American Investors Company)
  • Cathy Reynoso, Topeka, Kan. (Merrill Lynch)
  • Sean Rooney, Rockville Centre, N.Y. (Oppenheimer & Co.)
  • Merle Ross, Columbia, Md. ( Lincoln Financial Securities)
  • Jeremy Rufener, Warren, Ind. (Edward D. Jones & Co.)
  • Susan Saleem, Sugar Land, Texas (Ameriprise Financial Services)
  • Timothy Sallee, Springfield, Mo. (Cetera Advisor Network)
  • Edward Smith, Boulder, Colo. (Merrill Lynch)
  • Scott Stevens, Morristown, N.J. (Mutual of Omaha Services)
  • James Sumpter, Vestavia Hills, Ala. (Ameriprise Financial Services)
  • Richard Tarbell, San Antonio (Ameriprise Financial Services)
  • Michael Tarrant, Atlanta (Invest Financial)

"As the marketplace experiences a continued shift toward independence, LPL remains a leading destination for advisors," said Bill Morrissey, managing director and divisional president, Business Development, LPL Financial. "We find that advisors are evaluating not only a platform that can serve the best interests of their clients but also resources that will deliver results for their businesses. We have been winning because LPL easily stands out from our competitors because of the capabilities we provide in research, technology, risk management and practice management."

*Each individual advisor asset number was reported by the advisor based on prior business, includes both brokerage and advisory assets, and has not been independently and fully verified by LPL Financial.

The information in this press release is not intended to update or change any of the information, including information about recruiting results, previously publicly disclosed by LPL Financial.

Forward-Looking Statements
Statements in this press release regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, including LPL Financial LLC, the "Company") potential future levels of assets serviced, growth, business strategy, and plans, as well as any other statements that are not related to present facts or current conditions or that are not purely historical, constitute forward-looking statements. These forward-looking statements are based on the Company's historical performance and its plans, estimates and expectations as of Feb. 16, 2016. The words "potential," "anticipates," "intends," "believes," "expects," "may," "plans," "predicts," "will" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees that the future levels of assets serviced, results, plans, intentions or expectations expressed or implied by the Company will be achieved. Matters subject to forward-looking statements involve known and unknown risks and uncertainties, including economic, legislative, regulatory, competitive and other factors, which may cause levels of assets serviced, actual financial or operating results, levels of activity, or the timing of events, to be materially different than those expressed or implied by forward-looking statements. In particular, the Company can provide no assurance that the assets reported as serviced by its newly recruited financial advisors at their prior firms will translate into assets serviced at LPL. Important factors that could cause or contribute to such differences include: the choice by one or any of the clients of the Company's newly recruited financial advisors mentioned in this press release not to open brokerage and/or advisory accounts at LPL Financial and/or move their respective assets from advisor's prior firm to a new account at LPL Financial; discovery of errors made in the calculation of assets serviced reported by the newly recruited advisor; changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; effects of competition in the financial services industry; and the other factors set forth in Part I, "Item 1A. Risk Factors" in the Company's 2014 Annual Report on Form 10-K and any subsequent SEC filing. Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release, even if its estimates change, and you should not rely on those statements as representing the Company's views as of any date subsequent to the date of Feb. 16, 2016.

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and served $476 billion in advisory and brokerage assets as of December 31, 2015. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2015). The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also service an estimated 40,000 retirement plans with an estimated $118 billion in retirement plan assets, as of December 31, 2015. LPL also supports more than 4,000 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,400 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit

Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC


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