LPL Financial Selected as Finalist for Two 2014 NC Tech Awards

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Victor Fetter up for CIO of the Year; firm recognized for use of its innovative technology

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., has been selected as a finalist in two NC Tech Awards categories, including “CIO of the Year” and “Use of Technology in Finance and Banking.” The NC Tech Awards are presented by the North Carolina Technology Association (NCTA), and are the only statewide technology awards in North Carolina, recognizing companies and individuals that display excellence, innovation and leadership in technology. Winners will be announced at a gala on Nov. 6 in Raleigh.

“It is an honor to be nominated for two NC Tech Awards,” said Victor Fetter, LPL Financial chief information officer. “LPL Financial is committed to unlocking the power of technology to more efficiently and effectively serve our financial advisors as well as our bank and institution clients. In order to remain innovative and maintain technology as a competitive advantage for our firm, we draw on some of the top talent in the finance and technology industry that we are lucky enough to have right here in our own backyard.”

“As a finalist in this year’s awards, LPL Financial has distinguished itself as one of the state’s technology leaders,” stated Brooks Raiford, NCTA’s President and CEO.

As managing director of Business Technology Services (BTS) and CIO, Mr. Fetter is responsible for bringing to life the company’s commitment to enabling financial professionals to provide independent advice to millions of Americans.

The 24-year IT industry veteran joined LPL in 2012. He was named a finalist for Charlotte Business Journal’s CIO of the Year (2013); ranked among the Top 100 Most Social CIOs on Twitter (2014); and won Austin IT Corporate Executive of the Year (2012).

The distinction of Finalist in the “Use of Technology in Finance and Banking” category comes in recognition of the firm’s Streamlined Office suite, which leverages several critical electronic document management solutions – eSignature, Remote Deposit and iDoc – into a single workflow that seeks to save time and money for advisors while greatly improving the client experience.

Streamlined Office affords LPL advisors and their clients the efficiencies of being able to sign account documents, deposit funds into the selected accounts and route the documents for archiving during a single meeting, which can be conducted in the advisor’s office or off-site during a client visit. In the last year, 155,000 documents were signed with eSignature, $5 billion was deposited (75,000 checks) via Remote Deposit and 600,000 documents were uploaded to iDoc.

Technology advancements are ongoing at LPL, and Mr. Fetter will lead the rollout of its ClientWorksSM platform this spring. “The ClientWorks platform seeks to deliver on LPL’s commitment of simplicity, efficiency and increased productivity by seamlessly combining the functionality an advisor needs in an intuitive, integrated experience,” stated Mr. Fetter. “It is designed to deliver secure access in the office or on the go, enabling advisors more time to attend to clients and grow their practice. We believe the productivity gains resulting from ClientWorks can provide significant cost and time savings for advisors.”

Since 1995, the NC Tech Awards (formerly the NCTA 21 Awards) have honored companies for outstanding achievement in the tech sector and use of technology. A review committee comprised of non-profit, media, education and technology leaders representing various regions of the state selected this year’s finalists. The awards process culminates with the NC Tech Awards Gala on Nov. 6 at the Raleigh Convention Center, where nearly 800 leaders from across the state will gather to celebrate the tech sector and honor the winners and finalists in each category.

*Based on total revenues, Financial Planning magazine, June 1996-2014

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About NCTA
The North Carolina Technology Association (NCTA) is a not-for-profit, membership-driven trade association and the primary voice of the technology industry in North Carolina. NCTA is the intersection of leadership and technology, fueling the growth of North Carolina through Executive Engagement, Public Affairs, and a Knowledge Workforce. For more information, visit our website at http://www.nctechnology.org.

NCTA Media Contact
Marc Montoro
mmontoro(at)nctechnology(dot)org
919-890-0773

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 $465 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 13,800 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 $78 billion in retail assets served as of June 30, 2014, and acts as an independent consultant to more than 40,000 retirement plans with approximately $110 billion in retirement plan assets served. In addition, LPL Financial supports approximately 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have 3,374 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit http://www.lpl.com.

Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.

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LPL Financial Media Contact
Amanda Keating
(202) 741-5571
akeating(at)gloverparkgroup(dot)com

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LPL Financial
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