National Association of Plan Advisors Honors LPL Financial Advisory Firm with Its Annual Leadership Award

CHARLOTTE, N.C. – June 2, 2016 – Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that StoneStreet Advisors Group, an LPL-supported independent advisory team in Pearl River, N.Y., was awarded the 2016 401(k) Advisor Leadership Award by the National Association of Plan Advisors (NAPA). The award recognizes a leading financial advisor or team for contributions that exemplify leadership, experience and expertise in the retirement plan industry. This year’s award focused specifically on innovation and accomplishments in workforce management.

StoneStreet, founded by Principal Barbara J. Delaney, AIF™, was recognized for the group’s commitment to helping clients work toward better retirement outcomes through problem solving and by increasing plan participation. Delaney has also been an advocate to broaden the traditional retirement plan education model to one that addresses financial wellness more broadly.

An LPL advisor and another LPL-supported team were also included among the award’s 10 semifinalists. They include Jason K. Chepenik, managing partner at Chepenik Financial in Winter Park, Fla., and MRP, led by President and CEO Chad J. Larsen, of Denver.

“On behalf of LPL, I commend the StoneStreet team along with the other LPL advisors and teams that have been recognized by NAPA as leaders in the retirement plan industry,” said David Reich, LPL executive vice president and head of Retirement Partners. “Their adoption of tools, technology and resources, such as Worksite Financial Solutions, demonstrates their commitment to supporting plan participants in ways that can drive engagement and contribute to better retirement outcomes. We’re pleased to support these advisors and teams in the work they do to help Americans prepare for a successful retirement.”

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 $482 billion in advisory and brokerage assets as of April 30, 2016. 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 45,000 retirement plans with an estimated $121 billion in retirement plan assets, as of March 31, 2016. LPL also supports more than 4,200 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 www.lpl.com.

Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC. To the extent investment advice is provided by a separately registered independent investment advisor, please note that LPL Financial is not an affiliate of and makes no representation with respect to such entity.

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