LPL FINANCIAL HOLDINGS INC. CHARLOTTE, N.C. - Aug. 24, 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), today announced that Victor Fetter, LPL managing director and chief information officer, has been named CIO of the Year in the public company category by the Charlotte Business Journal.
"We are thrilled that the Charlotte business and technology communities have recognized Victor for his contributions to LPL and the industry at large," said Mark Casady, LPL chairman and CEO. "Victor is a true innovator who brings a level of passion, experience and commitment to his role that is unrivaled. We are proud to have him as part of our leadership team and to be able to put the power of technology to work for the advisors and institutions we serve."
Fetter joined LPL in 2012 from Dell Computer, and since joining the firm he has delivered technology enhancements and innovative solutions that have optimized LPL's business processes, enabled growth, created competitive advantages and improved the client experience at LPL. Of the more than 100 impactful technology projects that Fetter has overseen at LPL, examples include: the firm's new cloud-based trading platform; an enhanced investor portal for advisor use; a cashiering tool that enables straight-through processing of transactions; the Streamlined Office, comprised of three critical electronic document management solutions in a single workflow; LPL Financial Mobile; and a new unified email service for advisors. In addition, he led improvements in the development and deployment processes of LPL's technology solutions, enhanced a number of employee systems to better support service delivery and compliance efforts and is leading the development of LPL's ClientWorksSM platform, an enhanced and integrated cloud-based platform, currently in a pilot phase with more than 300 advisors who are actively using its completely redesigned capabilities.
Fetter was honored at a luncheon on Aug. 19 in Charlotte and is featured in the Aug. 21 issue of Charlotte Business Journal.
*Based on total revenues, Financial Planning magazine, June 1996-2015
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 $486 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 14,100 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 1996-2015), is one of the fastest growing RIA custodians with $112 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 June 30, 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 3,385 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 Charlotte Business Journal and LPL Financial are not affiliate entities.
Media Contact:
Lauren Hoyt-Williams
980-321-1232
Lauren.Hoyt-Williams@lpl.com
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