LPL Financial Goes Live on Xtiva

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LPL Financial’s Institution Services business expands technical offerings for its approximately 750 financial institution customers.

Xtiva Financial Systems, the leading provider of enterprise-wide compensation solutions for the financial services industry, announced today that it has signed LPL Financial to a long-term contract. LPL Financial, the nation's largest independent broker-dealer* and a wholly owned subsidiary of LPL Investment Holdings Inc. has successfully gone live with Xtiva’s advisor compensation reporting solution in its growing Institution Services business, focusing on specialized compensation and reporting needs of select financial institution customers.

According to Andy Kalbaugh, Managing Director of LPL Financial Institution Services, “Xtiva’s reputation and industry experience made them an obvious choice as a valuable strategic partner for our business as we continue to enhance support for our financial institution customers and their advisors. By supplementing our commission process with Xtiva’s industry-leading Commission Manager system, we’re able to create efficiencies within our compensation and reporting process, making it easier for the bank and credit union customers we serve to manage internal compensation across their advisors, which ultimately helps them grow and manage their businesses.”

“Adding LPL Financial to our client roster is a tremendous win for us. We are very excited about expanding the reach of our products to the select bank and credit union customers of LPL Financial. After working closely with the team at LPL Financial in recent months, it has become clear that they offer a high caliber service to their customers,” said Xtiva Vice President - Sales & Marketing Rick Scearbo. “As a result of our successful implementation, LPL Financial now has a solution that will help them to continue to enhance their customer support while furthering their own growth and leadership position in the market.”

Xtiva provides the first industry-integrated approach to fully-automated compensation management, sales performance measurement, institutional client performance management and business policy management. Xtiva’s product line supports today’s need for a managed solution while meeting a wide range of business, operational, financial and technological needs. Xtiva provides clients with the tools they need to drive their businesses forward by enabling clients to:

+    Improve the quality and focus of reporting across the enterprise
+    Reduce total cost of ownership of advanced enterprise reporting solutions
+    Manage revenue and expenses more effectively
+    Bridge gaps between regulatory and financial reporting

About Xtiva Financial Systems

Xtiva Financial Systems is a leading provider of hosted solutions for the financial services industry. Founded in 1998 and based in New York, Xtiva has developed state-of-the-art technologies that enable retail and institutional broker-dealers to streamline operations, from sales compensation and production reporting to supervision of advisor licensing and compliance issues. Xtiva’s portfolio of clients includes Ameriprise, AXA Advisors, MetLife Securities, Mutual of Omaha Investor Services, New England Securities, RBC Wealth Management and Northern Trust. For more information about Xtiva, visit

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2012), a top RIA custodian, and a leading independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 13,300 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports over 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 2,900 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit As the nation's largest provider of third-party investment services to banks and credit unions1 LPL Financial Institution Services offers insurance and investment services to more than 750 financial institutions nationwide. For more information, please visit

Xtiva Financial Systems
265 Sunrise Highway, Suite 1-359
Rockville Centre, N.Y. 11570

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Rick Scearbo
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