February 26, 2015

CHARLOTTE, N.C. - Feb. 26, 2015 - LPL Financial LLC, the nation's largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), broke ground today at its new Carolinas campus in Fort Mill, S.C. The regional headquarters will allow LPL to consolidate its more than 1,000 Charlotte employees - now spread among several area buildings - into a single campus and to provide more space to accommodate the company's anticipated growth.

"LPL looks forward to continuing our growth in the Carolinas," said Mark Casady, LPL Financial chairman and CEO. "We want to create a workplace that will promote employees' well-being and that will be a place they are proud of and excited to come to every day. By being an employer of choice to the top talent in our industry we can continue to be the leading service provider to our clients."

The campus, situated among 27.9 acres, will be comprised of 450,000 square feet of office space among two buildings. The site is being developed within the master planned, mixed-use development of Kingsley, at the northeast corner of U.S. Highway 21 and S.C. 160.

"We were excited to see LPL Financial announce their plans to build a regional headquarters in York County last June, but it's a real reason to celebrate when you can see progress being made where up to 3,000 employees will be working," said South Carolina Governor Nikki Haley. "We couldn't be happier to congratulate LPL for breaking ground at their new facility and welcome them to their new home."

"My family remains honored and quite pleased that LPL Financial is today a step closer to making Fort Mill its home," said Dehler Hart on behalf of the Close family, whose legacy business was textile giant Springs Industries founded in Fort Mill in 1887. The family set aside the 2,100 acre Anne Springs Close Greenway and created Clear Springs Development Company, LLC, to encourage careful growth in Fort Mill. "The quality of their existing workforce as well as the future employment opportunities they plan to provide will be a tremendous benefit to Fort Mill and the surrounding community. The company's commitment to environmental stewardship makes LPL a perfect partner. We look forward to a very long partnership with LPL and to building out the remainder of Kingsley in a manner that is consistent with the vision that LPL has embraced with their decision to locate here."

Similar to the San Diego office building that LPL opened last year, which is believed to be the largest net-zero energy commercial office building in the United States, the Carolinas campus will reflect the firm's continued efforts to leverage technology and materials to minimize its impact on the environment, while creating an engaging workspace for employees.

The building's design will take advantage of natural daylight to reduce energy costs and create views to the outdoors from nearly every interior workspace. Net-zero water, the incorporation of tree save areas, bicycle storage, electric vehicle charging stations and the use of local and recycled materials will also contribute to the sustainability of the project. LPL is pursuing LEED certification for the building.

In addition, the workspace design and campus amenities are being planned based on input from LPL employees. As a result, the location will feature the comfort of ergonomic workspaces and outdoor collaboration areas as well as the convenience of an onsite eatery, a fitness and health center, and a health clinic.

The location provides easy walking access to the Kingsley Town Center and its restaurants and retail shops.

The campus is planned to be completed in late fall 2016.

*Based on total revenues, Financial Planning magazine, June 1996-2014

Forward-Looking Statements
Statements in this press release regarding LPL Financial Holdings Inc.'s (together with its subsidiaries, including LPL Financial LLC, the "Company") future financial and operating results, growth, business strategy, plans, and ability and plans to repurchase shares and pay dividends in the future, including statements relating to potential growth, 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 February 26, 2015. The words "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 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 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. Important factors that could cause or contribute to such differences include: changes in general economic and financial market conditions, including retail investor sentiment; fluctuations in the value of assets under custody; fluctuations in levels of net new advisory assets and related impact on fee revenue; effects of competition in the financial services industry; changes in the number of the Company's financial advisors and institutions, and their ability to market effectively financial products and services; changes in interest rates and fees payable by banks participating in the Company's cash sweep program, including the Company's success in negotiating agreements with current or additional counterparties; changes in the growth of the Company's fee-based business; the Company's ability to control operating risks, information technology systems risks and sourcing risks; the effect of current, pending and future legislation, regulation and regulatory actions, including disciplinary actions imposed by self-regulatory organizations; and the other factors set forth in Part I, "Item 1A. Risk Factors" in the Company's 2013 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 earnings 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 this press release.

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 $475 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 14,000 independent financial advisors and over 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 $91 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $115 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 3,384 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.

LPL Financial and Clear Springs Development Company, LLC are not affiliated entities.

Media Contact:
Lauren Hoyt-Williams
980-321-1232
Lauren.Hoyt-Williams@lpl.com




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