LPL Financial (LPLA) said Bill Chetney would become president of LPL Retirement Partners on Jan. 1. Chetney is currently executive vice president of the unit.
“Retirement Partners is essential to our corporate mission of expanding access to financial advice,” said LPL Chairman & CEO Mark Casady, in a press release. “We are excited to have a leader as accomplished as Bill to continue to grow the LPL Retirement Partners and expand the broad set of capabilities, services and support that LPL Financial offers to its advisors that enable them to meet their individual business objectives.”
Chetney previously served as head of National Retirement Partners, which offered retirement-related services to employers nationwide and financial services to high-net-worth individuals. LPL acquired certain assets of NRP in 2010.
Some 5,000 of the 13,500 financial advisors affiliated with LPL Financial are working with Retirement Partners.