LPL executives share insight and support to help drive institution’s success
SAN DIEGO, CA (February 2, 2015) -- LPL Financial LLC, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), kicks off its 2015 Institution Services Program Leadership Conference (PLC) today at the Harbor Marriott Resort & Spa in Fort Lauderdale, Fla. More than 250 bank and credit union program managers and executives are gathering today through Feb. 4 to network with their peers and discuss the challenges and opportunities in today’s financial institution services environment.
The event features informative presentations as well as breakout sessions and roundtable discussions around such important topics as the value of financial institution investment programs, growth, recruitment and risk. Discussions will also be focused around LPL’s program support and resources, including client service enhancements, technology solutions and market research updates.
“Each year at this conference, we look forward to bringing together LPL institution program managers and executives in an effort to provide additional insight and expertise to help them manage and grow their businesses,” said Andy Kalbaugh, managing director and head of LPL Financial Institution Services.
As part of an increased focus on the importance of diversity in the industry, new at this year PLC is a Women Leaders Breakfast. The invitation-only forum will provide female bank and credit union leaders the opportunity to network and hear from female LPL executives. Recognizing that female clients continue to grow and increase in power as a demographic, the goal of the breakfast is to support female advisors and program managers in ways that are useful and empowering and that will drive ultimately help drive success for both the advisor and the client.
Keynote speaker for the conference is Mark Abrashoff, the New York Times and Wall Street Journal bestselling author of “It’s Your Ship” and two follow up books on leadership principles. Abrashoff developed his leadership lessons while serving as the most junior commanding officer in the Navy’s Pacific Fleet when he led the dramatic turnaround of the USS Benfold, the Navy’s most underperforming ship in the fleet. Abrashoff challenges leaders at all levels to reimagine their leadership thinking and create new ways to elevate individual, team and organizational performance.
LPL will also share with attendees the findings from a co-sponsored study on the value of investment programs in financial institutions. Results from the study, conducted by Kehrer Bielan Research & Consulting, indicate that banks and credit unions are not fully leveraging the opportunity to build institutional loyalty and increase profitability via their existing client relationships.
LPL Financial Institution Services currently has 742 affiliated financial institutions. According to the Kehrer Saltzman TPM Report, at the end of 2013, LPL Financial had a 35.2 percent market share and has been the market leader for the past eight years.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), is a leader in the financial advice market and serves $465 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,900 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (*based on total revenues, Financial Planning magazine, June 1996-2014), is one of the fastest growing RIA custodians with $84 billion in retail assets served as of September 30, 2014, and acts as an independent consultant to more than 40,000 retirement plans with approximately $110 billion in retirement plan assets served. In addition, LPL Financial supports approximately 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have 3,397 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.
The investment products sold through LPL Financial are not insured bank/credit union deposits and are not FDIC/NCUA insured. These products are not obligations of a bank or credit union name and are not endorsed, recommended or guaranteed by a bank, credit union, or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.