San Diego, CA (PRWEB) December 19, 2013
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), today announced that Bill Chetney will become President of LPL Retirement Partners, effective January 1, 2014.
Chetney is currently the executive vice president of LPL Retirement Partners. Previously Chetney served as Founder, CEO, and President of National Retirement Partners (NRP), which offered retirement-related services to thousands of employers nationwide and comprehensive financial services to high-net-worth individuals. LPL acquired certain assets of NRP in 2010 as the basis of its newly created retirement plan-focused division. Since joining LPL, Chetney has solidified the company’s retirement planning strategy and offerings, establishing Retirement Partners as an invaluable resource supporting more than 5,000 participating advisors with exceptional benefits and services. As President of LPL Retirement Partners, he will continue to report directly to Robert Moore, President, LPL Financial Holdings, Inc.
“Bill has over three decades of experience in the retirement planning industry, working with both advisors and clients, making him the ideal person to position us for the next phase of growth in our retirement business,” said Moore. “Since joining LPL, Bill has built and led a talented team that has successfully delivered a comprehensive set of retirement planning tools and resources that our advisors need to help their clients meet their financial goals. Under his leadership, LPL Retirement Partners is poised to become the industry leader in retirement planning.”
“Retirement Partners is essential to our corporate mission of expanding access to financial advice,” said Mark Casady, Chairman and CEO of LPL Financial. “As the baby boomers enter retirement, we see a growing need for independent financial advice. We are excited to have a leader as accomplished as Bill to continue to grow the LPL Retirement Partners and expand the broad set of capabilities, services and support that LPL Financial offers to its advisors that enable them to meet their individual business objectives.”
Under Chetney’s leadership, LPL Retirement Partners has accomplished significant growth, including:
“I am enthusiastic about leading LPL Retirement Partners into the future,” said Chetney. “With so many American workers unsure about how to achieve a secure retirement, we have a tremendous opportunity to support advisors who seek to offer a comprehensive approach to retirement saving, investing, and spending. I am confident that LPL Retirement Partners is well-positioned to take advantage of this critical challenge.”
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), an RIA custodian, and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,500 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit http://www.lpl.com.
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Advisor, Member FINRA/SIPC
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