People: LPL Financial Holdings Inc (LPLA.O)

LPLA.O on Nasdaq

40.47USD
24 Apr 2015
Change (% chg)

$-0.56 (-1.36%)
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$41.03
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Summary

Name Age Since Current Position

Mark Casady

54 2007 Chairman of the Board, Chief Executive Officer

Dan Arnold

50 2015 President

James Putnam

60 2005 Independent Vice Chairman of the Board

Thomas Lux

2015 Acting Chief Financial Officer

George White

45 2012 Chief Investment Officer, Managing Director - Research

Victor Fetter

46 2012 Chief Information Officer, Managing Director

Michelle Oroschakoff

53 2013 Chief Risk Officer, Managing Director

David Bergers

47 2013 General Counsel, Managing Director - Legal and Government Relations

Mark Helliker

51 2008 Managing Director - Clearing and Compliance Services

J. Andrew Kalbaugh

51 2012 Managing Director - Institution Services

Sallie Larsen

61 2012 Chief Human Capital Officer, Managing Director

Ryan Parker

40 2014 Managing Director-Investment and Planning Solutions

Mary Schott

51 Managing Director-Client Experience and Training

Richard Boyce

60 2009 Independent Director

John Brennan

61 2010 Independent Director

H. Paulett Eberhart

61 2014 Independent Director

Anne Mulcahy

62 2013 Independent Director

James Riepe

71 2008 Independent Director

Richard Schifter

62 2005 Independent Director

Chris Koegel

2015 Senior Vice President, Investor Relations

Biographies

Name Description

Mark Casady

Mr. Mark S. Casady is Chairman of the Board, Chief Executive Officer of LPL Financial Holdings Inc. He joined us in May 2002 as chief operating officer and also served as our president from April 2003 to December 2005. He became chair in December 2005 and chief executive officer in March 2006. Before joining our firm, Mr. Casady was managing director, mutual fund group for Deutsche Asset Management, Americas—formerly Scudder Investments ("Scudder"). He joined Scudder in 1994 and held roles as managing director, Americas; head of global mutual fund group; and head of defined contribution services. He was also a member of the Scudder, Stevens and Clark Board of Directors and Management Committee. He is a current board member of Eze Software Group and Citizens Financial Group and serves on the FINRA board of governors. Mr. Casady received his B.S. from Indiana University and his M.B.A. from DePaul University.

Dan Arnold

Mr. Dan H. Arnold, Jr., is the President of Company., effective as of March 13, 2015. He was Chief Financial Officer of LPL Financial Holdings Inc., effective June 15, 2012. He is responsible for formulating financial policy, the Company's capital management efforts, and ensuring the effectiveness of the organization's financial functions. Before assuming this role in 2012, Mr. Arnold was managing director, head of strategy, with responsibility for developing long-term strategic plans and assessing the trends prevalent in the industry. He has also served as divisional president of Institution Services business. Mr. Arnold joined the firm in January 2007 following the acquisition of UVEST. Prior to joining the Company, Mr. Arnold worked at UVEST for 13 years, serving most recently as president and chief operating officer. Mr. Arnold is a graduate of Auburn University and holds an M.B.A. in finance from Georgia State University.

James Putnam

Mr. James S. Putnam is Independent Vice Chairman of the Board of LPL Financial Holdings Inc. He has been chief executive officer of Global Portfolio Advisors ("GPA"), a global brokerage clearing services provider, since September 2004. Mr. Putnam has served on the board of directors of GPA since 1998, and has been vice chair since December 2005. Prior to his tenure with GPA, Mr. Putnam was employed by LPL Financial beginning in 1983 where he held several positions, culminating in managing director of national sales, responsible for branch development, attraction, retention, and management of LPL Financial advisors. He was also responsible for marketing and all product sales. Mr. Putnam began his securities career as a retail representative with Dean Witter Reynolds in 1979. Mr. Putnam received a B.A. in Law Enforcement Administration from Western Illinois University.

Thomas Lux

Thomas D. Lux is Acting Chief Financial Officer of LPLFH and LPL Financial Holding., effective as of March 13, 2015. Mr. Arnold’s appointment as President of the respective entities. Mr. Lux has served as an Executive Vice President of Finance for LPL Financial since June 2009, and he served as the Chief Accounting Officer of LPL Financial from June 2009 to July 2014. In these roles, Mr. Lux was responsible for the strategic direction for the firm’s accounting function, overseeing financial reporting and regulatory filings, and managing the accounting and finance teams for LPL Financial and its affiliated broker/dealers. Prior to joining LPL Financial in 2009, he served as the Chief Financial Officer of National Financial Services, a Fidelity Investments company. Earlier he served as Chief Financial Officer and Director of Finance of Wachovia Securities, as Executive Vice President/Chief Accounting Officer and Senior Vice President for Everen Securities, and in various audit management and staff positions during his 17 years with Deloitte & Touche LLP.

George White

Mr. George B. White is Managing Director - Research and Chief Investment Officer of LPL Financial Holdings Inc. He is responsible for the strategic direction and continued growth of the LPL Financial research platform. His role includes setting the vision for superior research capabilities and enabling the delivery of conflict-free, objective investment advice by LPL Financial advisors. Prior to joining us in 2007, Mr. White served as a managing director and director of research for Wachovia Securities for 10 years. Mr. White also was an investment analyst for Mercer Investment Consulting, where he provided investment advice to institutional clients. He started his financial services career on the buy side of the business as a research analyst for Thompson, Siegel, and Walmsley, a value-oriented asset manager. Mr. White received a B.B.A. from the College of William and Mary.

Victor Fetter

Mr. Victor P. Fetter is Managing Director, Chief Information Officer of LPL Financial Holdings Inc. Mr. Fetter has oversight of the LPL Financial Business Technology Services business unit. He is responsible for executing the company's commitment to investing in the people and processes necessary to deliver the best technologies in the industry for LPL Financial advisors and employees. Prior to joining us in December 2012, Mr. Fetter was vice president and chief information officer for Dell Online, where he led the digital transformation of Dell's approach to providing global, multi-channel solutions for consumers and commercial customers. Earlier, Mr. Fetter worked at Mercer Human Resource Consulting, where he served as director of global applications development, chief information officer, and ultimately global chief information officer during his tenure. He held previous positions at Hewitt Associates LLC and Electronic Data Systems. Mr. Fetter has a B.S. in computer information systems from Spring Hill College in Mobile, AL.

Michelle Oroschakoff

Ms. Michelle Oroschakoff is the Chief Risk Officer, Managing Director of LPL Financial Holdings Inc. Ms. Oroschakoff has more than 20 years of financial services industry experience deeply rooted in legal, compliance and risk management. She joined us in 2013 from Morgan Stanley, where she most recently served as managing director and global chief risk officer of the firm’s Wealth Management Group, as well as chief compliance officer for Morgan Stanley Smith Barney. Earlier in her career at Morgan Stanley, Ms. Oroschakoff spent 11 years in a variety of legal and compliance roles, including associate general counsel and head of the firm’s San Francisco litigation department. She also served as the general counsel for a large and successful RIA firm, where she became familiar with the independent model. Ms. Oroschakoff earned a J.D. from the University of Michigan and a B.A. in English literature from the University of Oregon.

David Bergers

Mr. David P. Bergers is the General Counsel, Managing Director - Legal and Government Relations of LPL Financial Holdings Inc., effective August 5, 2013. Mr. Bergers comes to LPL Financial after 13 years with the Securities and Exchange Commission (SEC), most recently as acting deputy director of the enforcement division in Washington, D.C. He was director of the SEC's Boston regional office from 2006 to 2013. Mr. Bergers previously practiced at law firms in Philadelphia and Boston, and served as a vice president and assistant general counsel of a regional broker-dealer, as well as primary counsel to an affiliated investment adviser. Mr. Bergers obtained his bachelor's degree in 1989 from Eastern Nazarene College, and earned his law degree in 1992 at Yale Law School.

Mark Helliker

Mr. Mark R. Helliker is Managing Director - Clearing and Compliance Services of LPL Financial Holdings Inc. Mr. Helliker oversees the Company’s service and client-facing operations organizations on behalf the company’s Independent Advisor Services and Institution Services business units. In this role, he is responsible for driving innovation and ensuring the delivery of extraordinary service and support to financial advisors, banks, and credit unions. Mr. Helliker joined us in July 2008 as managing director of Broker/Dealer Support Services, responsible for enhancing the customer experience by overseeing the day-to-day management of customer-side operations and new-advisor transitions. From June 2012 to September 2013, he served as managing director of Clearing and Compliance Services, responsible for both Broker/Dealer Support Services and the Governance, Risk, & Compliance business unit, for which he oversaw enterprise-wide risk management processes. Prior to joining us, Mr. Helliker worked at Charles Schwab for 10 years, most recently as senior vice president of Charles Schwab Institutional. Mr. Helliker has a B.A. in political science from the University of Portsmouth in England and an M.B.A. in management from San Diego State University.

J. Andrew Kalbaugh

Mr. J. Andrew Kalbaugh is Managing Director - Institution Services of LPL Financial Holdings Inc. He is responsible for the growth, satisfaction, and retention of financial institutions; attracting new financial institutions to the Company; and helping banks and credit unions add new advisors to their programs. Previously, Mr. Kalbaugh served as executive vice president, business consulting, for Independent Advisor Services. Prior to joining us in 2007, he was president, CEO, and chairman of American General Securities Incorporated and served as director of the AIG Advisor Group. Earlier, he was vice president and chief marketing officer for American General Securities Incorporated. Previous positions include eastern regional director of sales for The Advisors Group and senior trader for Calvert Securities Corporation. Mr. Kalbaugh is a Certified Financial Planner and has a B.A. in business and economics from the University of Maryland.

Sallie Larsen

Ms. Sallie R. Larsen is Chief Human Capital Officer, Managing Director of LPL Financial Holdings Inc., since 2012. She is responsible for overseeing Compensation & Benefits, Corporate Communication, Corporate Real Estate, Human Resources Operations, Human Resources Client Consulting, and Talent Development. Ms. Larsen joined us in 2012 from the Federal Home Loan Bank/Office of Finance, where she was the chief human resources officer. In earlier roles, Ms. Larsen was a managing vice president of human resources for Capital One Financial Corporation, senior vice president of human resources for Marriott International, and vice president of human resources and communications for TRW Inc. Ms. Larsen earned a M.A. in communications from Purdue University, a B.A. in sociology from California Lutheran University, and a certificate in executive leadership coaching from Georgetown University.

Ryan Parker

Mr. Ryan Parker is managing director, Investment and Planning Solutions for the LPL Financial Advisor and Institution Solutions business unit. He leads distribution strategy for the Advisory, Brokerage, Insurance and Financial Planning businesses, helping advisors and institutions navigate an increasingly complex landscape of platforms, products, services, and tools. Prior to his promotion to managing director in June 2014, Mr. Parker served as LPL Financial’s executive vice president, Investment and Planning Solutions. Prior to joining LPL Financial in 2013, he was managing director, National Accounts and Business Development at Russell Investments, the global asset manager. At Russell Investments, he served in a range of senior leadership roles in the U.S. advisor market, spanning the sales, marketing, and product functions. Earlier in his career, he worked for Franklin Templeton and Putnam Investments. He earned a B.A. in political science from the University of Michigan at Ann Arbor and studied finance and accounting at Stanford Graduate School of Business.

Mary Schott

Ms. Mary Frances Schott (legal name, Mary Frances Schott) is the Managing Director, Client Experience and Training of LPL Financial Advisor and Institution Solutions business unit.In this role, she oversees client communications, marketing support services, client insights, conference planning, and client learning and development for independent financial advisors and institutions. Previously, she served as LPL Financial’s executive vice president of Independent Advisor Services business consulting and was responsible for the growth, satisfaction, and retention of advisors. Prior to joining LPL Financial in 2012, Ms. Bock was a managing director in the global wealth management division of Morgan Stanley Smith Barney, where she also served as director for the southeast U.S. region. During her time at Morgan Stanley, Ms. Bock also held a variety of leadership positions in equity sales, financial advisor development, client marketing, and field management. Ms. Bock earned a double B.A. in economics and sociology from Denison University in Ohio.

Richard Boyce

Mr. Richard W. Boyce is Independent Director of LPL Financial Holdings Inc. He retired in 2013 from the partnership at TPG, a leading global private investment firm founded in 1992 with over $67 billion of assets under management as of December 31, 2014. He founded and led TPG's operating group, which drives performance improvement across all TPG companies. In his first role with TPG, he served as chief executive officer of J. Crew Group, Inc., from 1997 to 1999, and as a board member from 1997 to 2006. He became chair of Burger King Corporation in 2002 and served on that board through 2010. Prior to joining TPG, Mr. Boyce was employed by PepsiCo, Inc. from 1992 to 1997, most recently as senior vice president of operations for Pepsi-Cola North America and was previously a partner at Bain & Company. He has previously served on the board of directors of several other TPG companies, including Del Monte Foods, ON Semiconductor, Gate Gourmet, and Direct General Corporation. He currently serves on the Wake Forest University School of Business Board of Visitors and the board of directors of Torrent Technologies, and is a member of the Board of Overseers of the Hoover Institution at Stanford. Mr. Boyce received a B.S.E. from Princeton University and received his M.B.A. from the Stanford Graduate School of Business.

John Brennan

Mr. John J. Brennan is Independent Director of LPL Financial Holdings Inc. He is chair emeritus and senior advisor of The Vanguard Group, Inc. ("Vanguard"), a global investment management company. Mr. Brennan joined Vanguard in July 1982. He was elected president in 1989 and served as chief executive officer from 1996 to 2008 and chair of the board from 1998 to 2009. Mr. Brennan is the lead director of General Electric Company and a director of Guardian Life Insurance Company of America; lead governor of the Financial Industry Regulatory Authority, Inc. ("FINRA") board of governors; and a trustee of the University of Notre Dame. He also served as a trustee and past chair of the Financial Accounting Foundation and as a director of The Hanover Insurance Group from 2011 until 2013. He graduated from Dartmouth College and received his M.B.A. from the Harvard Business School. He has received honorary degrees from Curry College and Drexel University.

H. Paulett Eberhart

Ms. H. Paulett Eberhart is Independent Director of the Company. Ms. Eberhart most recently served as president and chief executive officer of CDI Corp. ("CDI"), a provider of engineering and information technology outsourcing and professional staffing services, from 2011 to 2014, and served as an advisor to CDI until December 2014. From January 2009 until January 2011, Ms. Eberhart was chair and chief executive officer of HMS Ventures, a privately held business involved with technology services and the acquisition and management of real estate. Prior to that she served as president and chief executive officer of Invensys Process Systems, Inc. ("Invensys"), a process automation company, from January 2007 to January 2009. Ms. Eberhart held multiple senior-level financial and operational roles during a 26-year career at Electronic Data Systems Corporation ("EDS"), an information technology and business processing outsourcing company, including as president of Americas of EDS from 2003 until March 2004 and senior vice president of EDS and president of Solutions Consulting from 2002 to 2003. Ms. Eberhart currently serves as a director of Anadarko Petroleum Corporation and Cameron International Corporation. She is a Certified Public Accountant and received her B.S. from Bowling Green State University.

Anne Mulcahy

Mrs. Anne M. Mulcahy serves as Independent Director of LPL Financial Holdings Inc. She is chair of the board of trustees of Save The Children Federation, Inc., a non-profit organization dedicated to creating lasting change in the lives of children throughout the world, a position she has held since March 2010. She previously served as chair of the board of Xerox Corp. ("Xerox"), a document management company, from January 2002 to May 2010, and chief executive officer of Xerox from August 2001 to July 2009. She is a director of Graham Holdings Company, Target Corp., and Johnson & Johnson. From 2004 to 2009, Ms. Mulcahy also served as a director of Citigroup Inc.

James Riepe

Mr. James S. Riepe, Jr., is Independent Director of LPL Financial Holdings Inc., since February 2008. He is a senior advisor and retired vice chair of the board of directors of T. Rowe Price Group, Inc. ("TRP"), a global investment management firm, where he worked for nearly 25 years. Previously, he served on TRP's management committee, oversaw TRP's mutual fund activities, and served as chair of the T. Rowe Price Mutual Funds. He served as chair of the board of governors of the Investment Company Institute and was a member of the board of governors of the National Association of Securities Dealers (now FINRA) and chaired its Investment Companies Committee. Mr. Riepe is a member of the board of directors of Genworth Financial Inc. (as non-executive chair), UTI Asset Management Company of India, and the Baltimore Equitable Society. He previously served as a member of the board of directors of The NASDAQ OMX Group from May 2003 until May 2014. He also served as chair of the board of trustees of the University of Pennsylvania from which he earned a B.S. and an M.B.A.

Richard Schifter

Mr. Richard P. Schifter is Independent Director of LPL Financial Holdings Inc. He is a TPG senior advisor. He was a partner at TPG from 1994 through 2013. Prior to joining TPG, Mr. Schifter was a partner at the law firm of Arnold & Porter in Washington, D.C., where he specialized in bankruptcy law and corporate restructuring. He joined Arnold & Porter in 1979 and was a partner from 1986 through 1994. Mr. Schifter currently serves on the boards of directors of American Beacon Advisors, Inc., Direct General Corporation, EverBank Financial Corp., and American Airlines Group, and on the board of overseers of the University of Pennsylvania Law School. Mr. Schifter is also a member of the board of directors of Youth, I.N.C. (Improving Non-Profits for Children). Mr. Schifter received a B.A. with distinction from George Washington University and a J.D. cum laude from the University of Pennsylvania Law School in 1978.

Chris Koegel

Basic Compensation

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