LPL Financial Brings Together Top Bank and Credit Union Clients at the 2014 Financial Institution Leadership Conference

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10th Annual Event to Focus on Rising Need for Wealth Management Capabilities, Strategies for Recruiting Top Advisor Talent

LPL Financial LLC, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly owned subsidiary of LPL Financial Holdings Inc., kicked off its 2014 Institution Services Program Leadership Conference (PLC) today at the Hyatt Regency in Orlando, Florida.

More than 240 bank and credit union program executives and managers are gathering for the three-day event, which runs through Friday. The PLC, now in its 10th year, will feature breakout sessions and roundtable discussions on topics including program growth, recruitment, risk, compliance, technology adoption, and strategies for identification of the next generation of financial advisors. The keynote speaker for the conference is television personality, author, and motivational speaker, Ross Shafer.

Discussions will focus on this year’s conference theme – Raising Your Relevance – and will include the critical importance of wealth management for the long-term growth of community banks and credit unions. A 2012 Kerhrer Saltzman profitability and performance study showed that LPL advisors in banks and credit unions derive 2.4 times more recurring revenue than advisors in broker dealers not affiliated with LPL Financial. As of February 2014, LPL Financial internal reports indicate that of those bank and credit unions affiliated with LPL Financial, their advisory assets under management increased 33 percent from $7.5 billion in 2012 to $10 billion in 2013.

LPL Financial Institution Services currently has 724 affiliated financial institutions, and according to the Kerhrer Saltzman 2012/2013 Annual Third Party Broker Dealers Survey, has been the market leader in this space for the past seven years, based on gross dealer concession, number of financial institution partners, and total advisors.

Andy Kalbaugh, Managing Director and Head of LPL Financial Institution Services said, “This has become a premier event in the industry, and it is a unique opportunity for our institution clients to come together and discuss the challenges in building a successful wealth management business, particularly in today’s increasingly tight talent market. Investment program managers and executives will spend the next three days strategizing about how to leverage their strengths and learning how to establish and maintain a competitive investment advisory capability.”

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 1996-2013), 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 13,600 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports approximately 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have more than 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit

Securities and Advisory Services offered through LPL Financial. A Registered Investment
Advisor, Member FINRA/SIPC

Insurance products offered through LPL Financial and its licensed affiliates

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