May 28, 2015

SAN DIEGO - May 28, 2015 - LPL Financial LLC, the nation's largest independent broker-dealer*, a custodian for registered investment advisors, and a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today provided an update on the financial advisors who chose to affiliate with the firm from January through March 2015.

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

$100M+
  • Michael Pettey and Reagan Pettey, Houston, Texas (NFP Securities Inc.)
  • Dale Schumacher, Edina, Minn. (Baker Tilly Capital, LLC)
  • Kelly Kuennen and Tim Clepper, Hudson, Ohio (Morgan Stanley Wealth Management)
  • Shelley Moncrief and Jarrod Lege, Lafayette, La. (Capital One)
  • Tyson Vanlandingham and P. David Soliman, Metairie, La. (JPMorgan)
  • Stephen Carney and Dany Martin Jr., Shreveport, La. (Capital One)
  • Paul Levy Jr. and William Pier, Centennial, Colo. (UBS Financial Services)
  • Lester and Sara Botkin, McMurray, Pa. (Morgan Stanley Wealth Management)
  • Dennis Long and Jerry Hill, Houston, Texas (1st Global Capital Corp.)
  • Daniel Conard and Josiah Jennings, Irvine, Calif. (Larson Financial Securities, LLC)
  • James Fitch, Birmingham, Ala. (RIA)
  • Lilian Lo, Walnut Creek, Calif. (Fidelity Brokerage Services)
  • Brian Smith, Davenport, Iowa (CUNA Brokerage Services)
  • Jeffrey Kelley and Micah Kelley, Sewickley, Pa. (Ameriprise Financial Services)
$50M-$100M
  • Eric Janvier, Bear, Del. (PNC Investments)
  • Olabisi Oduguwa, Anaheim, Calif. (Valic Financial Advisors)
  • Danielle Ives, Doylestown, Pa. (Wells Fargo Advisors)
  • Michael Carlson, Woburn, Mass. (Sentinel Financial)
  • Robert Maring and David Close, Warren, Pa. (PNC Investments)
  • Ryan Lawson, Bowling Green, Ken. (BB&T Investment Services)
  • John Lee, San Mateo, Calif. (Securian Financial Services)
  • Ron Matsui, Menlo Park, Calif. (Ameriprise Financial Services)
  • Derek Wilson, Fishers, Ind. (Cetera Investment Services)
  • Marilyn Genery, Portsmouth, N.H. (Commonwealth Financial Network)
  • Charles Melka, Naperville, Ill, (Securian Financial Services)
  • Myra Natter, San Mateo, Calif. (Cetera Advisor Networks LLC)
  • Jared Whittey, Swartz Creek, Mich. (JPMorgan)
  • Thomas Brdecka, Naperville, Ill. (Transamerica Financial)
  • Julia Earle, El Dorado Hills, Calif. (UnionBanc Investment Services)
  • Christopher Sheehan, Hingham, Mass. (Peoples Securities)
  • Andrew Zuba, Manchester, N.H. (TD Ameritrade)
$30M-$49M
  • Eric Johnson, Overland Park, Kan. (Oppenheimer & Co.)
  • Martin Leonard, Mechanicsburg, Pa. (Cetera Advisor Networks LLC)
  • Jaran Day, Fort Lauderdale, Fla. (Wells Fargo Advisors)
  • Craig Pesce, Poughkeepsie, N.Y. (RIA)
  • Michael Christiansen, Loveland, Co. (Edward Jones)
  • John Nielsen, Fort Dodge, Iowa (Ameriprise Financial Services)
  • Tina Brannan, Portland, Ore. (UBS Financial Services)
  • Jeff Weber, Menlo Park, Calif. (Lincoln Financial Advisors)
  • Russell Wittman, San Diego (Merrill Lynch)
  • Neil Cain, Towson, Md. (Next Financial Group)
  • Brian Monske, Novato, Calif. (JPMorgan)
  • Ethan Beaty, Fort Worth, Texas (Cambridge Investment Services)
  • James Ferguson, Clearwater, Fla. (American Portfolios)
  • Bruce Fleishman, Allentown, Pa. (PNC Investments)
  • John Carter, Cummings, Ga. (Merrill Lynch)
  • James Harrison Jr., Birmingham, Ala. (Ameriprise Financial Services)
  • James McDonald, Los Angeles (Cetera Advisor Networks LLC)
  • Riccardo Margaritelli, Winnetka, Ill. (Merrill Lynch)
  • Trenton Adams, Atlanta, Ga. (OneAmerica Securities)
  • Larry Fletcher, Pine Grove, Calif. (Ameriprise Financial Services)
  • Stephen Kelly, Dunedin, Fla. (Morgan Stanley Wealth Management)
  • Perry Silverman, Paramus, N.J. (Wells Fargo Advisors)
  • Brian Slater, Peoria, Ill. (Edward Jones)
  • Gregory Stangel, Cumberland, Md. (Next Financial Group)
  • Katherine Stellar, Aliso Viejo, Calif. (Morgan Stanley Wealth Management)

"LPL continues to recruit high quality advisors of various production levels across all channels," said Bill Morrissey, managing director, divisional president, Independent Advisor Services, LPL Financial. "As the only provider of a fully integrated platform, our versatility unlocks value for advisors. We believe that our technology solutions, service and resources set us apart within the independent broker/dealer marketplace by providing advisors more opportunities to meet the diverse needs of their clients."

LPL has led the industry in net new advisor growth over the past four years*** and continued to retain approximately 97 percent of advisor production in the first quarter of 2015. In addition, LPL ranks seventh in the industry for advisory assets under management, based on publicly disclosed information as of March 31, 2015.

*Based on total revenues, Financial Planning magazine, June 1996-2014
**Each individual advisor asset number was reported by the advisor based on prior business and has not been independently and fully verified by LPL Financial.
***Based on the number of broker-dealer affiliated advisors, as reported from publicly disclosed information in the time period Dec. 31, 2010-Dec. 31, 2014, inclusive of acquisitions.

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 May 28, 2015. 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 May 28, 2015.

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 $485 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 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 $105 billion in retail assets served, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of March 31, 2015. In addition, LPL Financial supports approximately 4,300 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,352 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

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




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