LPL to Move 1,000 Workers to New Carolinas Facility

The employees for the IBD in Charlotte will relocate 30 miles south in the coming years

LPL donated $50,000 to a South Carolina greenway project. (CEO Mark Casady, left) LPL donated $50,000 to a South Carolina greenway project. (CEO Mark Casady, left)

LPL Financial (LPLA) said late Monday that it is building a regional headquarters in Fort Mill, S.C., and will move its 1,000 employees in the Charlotte, N.C., area to the new facility.

The independent broker-dealer also says it will invest about $150 million in the region, which is located about 30 miles south of Charlotte, over the next eight years.

"We plan to create a work environment that supports innovation, collaboration, and engagement — a space that promotes employees' overall well-being and a place that they will feel proud and excited to come to work every day,” said Chairman and CEO Mark Casady, in a press release. “We believe that by building such an exciting workplace, our employees will be further empowered to do their best to support our clients."

Construction of the new building will begin in 2015, with completion expected in fall 2016.

Earlier this year, the IBD opened a new regional San Diego headquarters, which it says is among the largest net-zero energy commercial office buildings in the United States. About 1,600 LPL Financial employees, who previously worked in seven office buildings in the La Jolla area of San Diego, are now based in the new 13-story facility.

"LPL Financial is one of the nation's premier financial advisor firms, and we couldn't be more excited that they are choosing to grow and succeed here in South Carolina, investing $150 million and intending to create a total of 3,000 new jobs in the state of South Carolina," said Gov. Nikki Haley, in a statement.

In the Carolinas, LPL’s regional headquarters will be located in Kingsley Park, near Interstate 77. 

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Check out LPL Goes Green With New San Diego Headquarters on ThinkAdvisor.

 

 

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