LPL Nabs Wells Fargo Exec

Longtime Wells Fargo executive Katelyn Shackleton has joined LPL Financial as executive vice president, Corporate Strategy and New Ventures, the broker-dealer said Wednesday. She will report to Rich Steinmeier, LPL managing director and divisional president of business development.

Shackleton spent nearly eight years at Wells Fargo (2014-2022). Before that, she held positions at Goldman Sachs (2012-2014), JP Morgan Chase (2011-2012) and Morgan Stanley (2006-2011), according to her LinkedIn profile.

“Katelyn is a veteran leader and strategist with a focus on expanding market share, maintaining client retention and developing multi-year business strategies. She has a profound understanding of our industry and its key stakeholders, and experience managing multiple global teams,” Steinmeier said in a statement.

“As the finance landscape is constantly changing, LPL leadership continues to ride this wave of change by evolving our teams to best meet the needs of our advisors and clients. We are confident Katelyn’s expertise will help fast-track our growth and enrich our industry-leading reputation. We are thrilled to welcome her on board,” he said.

Prior to joining LPL, she led business management for the chief administrative office at Wells Fargo, where she also held various enterprise leadership and strategy positions. Shackleton also served as president of Wells Fargo’s cross-enterprise generational diversity networking organization and sat on diversity and inclusion councils, LPL said.

“It is an absolute honor to join LPL in this movement to transform the financial services industry,” Shackleton said. “In a time where personalized financial advice is in higher demand than ever, LPL has done an excellent job of developing its technological capabilities and delivering top-notch services. I am eager to work with our strategy and ventures teams and build on our culture that connects strategy with execution.”