April 9, 2013

LPL Names Russell’s Parker to Lead Investment and Planning Solutions

Former Russell Investments managing director to oversee advisory and brokerage platform, financial planning initiatives

More changes in the wake of Bill Dwyer’s surprise resignation. LPL Financial announced Tuesday that former Russell Investments executive Ryan Parker has been named executive vice president of investment and planning solutions. He will be based in San Diego and report to Robert Moore, the firm’s president of advisor and institution solutions.

Parker will oversee the teams that provide affiliated advisors with advisory and brokerage product and platform support, as well as financial planning initiatives, according to the company. Services offered by Parker's group include assisting advisors with client investment strategies, along with offering practice management advice and recommendations related to financial product platforms and solutions that can address a broad range of client needs.

Parker has more than 15 years of experience in the financial services industry, with a focus on sales, product development and management. Most recently, he was managing director of national accounts and business development at Russell. He served in a range of senior leadership roles at Russell and led the integration of three national account channels in the U.S. advisory market. Prior to Russell, he worked for Franklin Templeton and Putnam Investments.

"We are delighted to welcome Ryan to our company, where he will play a pivotal role in continuing to grow the advisory and brokerage consulting and financial planning support that our advisors rely on, day in and day out," Moore said is a statement. "Ryan's strong track record for aligning investment platform solutions with advisor and investor needs underpins our focus on ensuring that the advisors and institutions that rely on us continue to have access to the best resources and tools for serving their end clients."

Parker added, "I am very pleased to join LPL Financial as the company continues to redefine the delivery of objective advice across the financial advisory space. LPL Financial's scale and resources combined with the company's position as the leading third-party distributor of financial strategies in the U.S. creates multiple potential opportunities to develop innovative platform solutions to advisors and their clients. I look forward to leading an exceptionally talented team in assisting advisors with their paramount mission of helping their end clients reach their life goals."

Parker holds a Bachelor of Arts in political science from the University of Michigan at Ann Arbor and is FINRA Series 7, 24, 53 and 63 registered.

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