LPL Financial Announces Promotion of Five Executives to New Managing Director Roles

Core Insights - LPL Financial has promoted five executives to new Managing Director roles, reflecting the firm's growth and the expanding responsibilities of its leadership team [1][2][3] - The promotions are part of a formal evaluation process and align with LPL's vision to enhance its leadership in the wealth management sector [9] Group 1: Executive Promotions - Christa Carone has been appointed as Managing Director and Chief Marketing and Communication Officer, responsible for brand and growth marketing initiatives [4] - Gary Carrai has been promoted to Managing Director and Chief Product Officer, overseeing technology product teams and the operating platform for clients [5] - Brett Goodman is now Managing Director for Corporate Development, Treasury, and Investor Relations, leading M&A strategy and shareholder engagement [6] - Scott Posner has taken on the role of Managing Director for Business Development, focusing on organic growth initiatives and advisor recruiting [7] - Brent Simonich has been elevated to Managing Director and Chief Risk Officer, leading risk, compliance, and operations teams [8] Group 2: Company Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting nearly 29,000 financial advisors and approximately 1,200 financial institutions [10] - The firm services and custody approximately $1.7 trillion in brokerage and advisory assets for around 6 million Americans [10] - LPL offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services to support advisors and institutions [11]