LPL Financial names Tim Hodge Executive Vice President of Service

BOSTON, MA (September 29, 2015)LPL Financial LLC, the nation’s largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPLFinancial Holdings Inc. (NASDAQ: LPLA), today announced that it has named Tim Hodge as executive vice president, service. Hodge will report to Tom Gooley, managing director of service, trading and operations, effective September 21.

Hodge will be responsible for overseeing LPL’s service organization and ensuring the delivery of support to independent financial advisors, banks, credit unions, RIA firms and clearing clients. He will play a significant role in developing and implementing strategies that are designed to ensure that LPL is able to offer high quality service to meet the needs of its clients and their practices for years to come.

“Tim is a proven leader in building and enhancing service operations,” said Gooley. “His leadership and knowledge will allow us to further enhance the service experience for our clients to ensure we make it easy and efficient for advisors to do business with us so that, in turn, they can focus on providing the best service for their clients.”

Hodge comes to LPL from Goldman Sachs, where he has served in a variety of brokerage operation and platform management leadership roles during his more than 20-year tenure. Most recently he served as managing director and head of global private wealth management operations, leading multiple teams that support private wealth advisors and clients. Prior to that, he served as vice president for Goldman’s global futures operations following a number of years serving in operations leadership roles in various divisions of Goldman Sachs. Prior to Goldman Sachs, Hodge spent several years with Bank of America.

“I am excited to join LPL and help fulfill its mission of providing objective financial advice,” said Hodge. “One of the reasons I was attracted to LPL is that the firm puts their clients at the center of everything they do. I look forward to working collaboratively with LPL colleagues and our clients to help take the firm’s service experience to the next level.”

A native of Southern California, Hodge will be based out of LPL’s San Diego office. He holds a B.A. from the University of California at Berkeley and an MBA from the Stern School of Business at New York University.

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 institution-based investment programs and at approximately 500 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients. LPL and its affiliated companies provide financial services only from the United States.


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