LPL Financial (LPLA) said late Monday that it tapped former E-Trade Chief Financial Officer Matthew Audette as its new CFO.
Audette will report directly to LPL Chairman and CEO Mark Casady and will be based in San Diego. He fills the role previously held by current LPL President Dan Arnold and will join the firm on Sept. 28.
“Matt is an expert in capital allocation and is a leader in creating organizational efficiency, which will be invaluable as LPL enhances its client experience and continues its growth trajectory,” said Casady, in a statement.
Casady also said that acting CFO Tom Lux “will work alongside Matt to ensure a smooth transition. We thank Tom for stepping into the role of acting CFO and wish him well in his upcoming retirement.”
Audette has about 18 years of industry experience and cut his teeth at KPMG in Washington, D.C. He joined E-Trade in 2000.
“It is an ideal fit for me as I strongly believe in LPL’s independent model as well as its values and mission of providing objective financial advice,” Audette said in a press release. “In addition, the firm’s entrepreneurial outlook and strong track record of growing market share and attracting new business provides an ideal opportunity for me to play a key role within a great organization.”