LPL Reshuffles Executive Team

Stearns said in a statement that LPL will share additional details in the coming months about what she called the “entrepreneurial new subsidiary, which will build on LPL Financial’s platform of services for new advisors—many of whom are embracing rapidly expanding opportunities in the mass-market segment.” As LPL develops this new business, she said, “the way we support our existing advisors will only be enhanced.”

Another move will include Bill Dwyer’s role as president of national sales being expanded to include oversight of the firm’s sponsor relations.

LPL says Dwyer will continue to be responsible for all aspects of Independent Advisor Services and Institution Services business development, including attracting new financial advisors and institutions to the firm, as well as retaining and promoting the growth of existing business through oversight of key resources such as business consulting, advisor-facing technology, business engineering and sponsor relations.