LPL Financial Awarded Advisory Solutions Field Sales Team of the Year By Money Management Institute

BOSTON, May 9, 2012 /PRNewswire/ -- LPL Financial LLC, the nation's largest independent broker-dealer* and a wholly-owned subsidiary of LPL Investment Holdings Inc. (NASDAQ: LPLA), today announced that its Advisory and Brokerage Consulting team has been awarded Field Sales Team of the Year by the Money Management Institute (MMI), the leading national organization for the advisory solutions industry.

This prestigious industry award was given in recognition of the Advisory and Brokerage Consulting team's outstanding support to financial advisors in providing their clients with the right platforms, strategies and advice to meet their financial goals.

John Moninger, LPL Financial Executive Vice President of Advisory and Brokerage Consulting Services, said, "We are honored to receive this prominent industry recognition from the Money Management Institute.  This award is a testament to our focus on partnering with our financial advisors in order to align the best strategies and product platforms with their practices so they can most effectively support their end clients to achieve their life goals.  Importantly, this recognition is the outcome of an extraordinary, integrated effort across our entire team, and I am grateful to MMI for the opportunity to acknowledge our firm-wide dedication to our advisors and their end clients."

Christopher L. Davis, President of the Money Management Institute, said, "We congratulate LPL Financial for this well-deserved award. They have continued to demonstrate industry leadership in breaking new ground in aligning exceptional services and solutions for financial advisors to provide to investors, and we look forward to their continued innovation and excellence."

Prior to this industry recognition, the LPL Financial Advisory and Brokerage Consulting team has proven exceptionally effective in supporting advisors through such innovative platforms as the company's Model Wealth Portfolios (MWP) platform, one of three centrally managed fee-based platforms enabling advisors to provide client-centric theme-based investment portfolios for a broad range of investor preferences.  In 2010, MWP was awarded Advisory Solutions Product of the Year by MMI.  Since its launch in early 2008, the MWP platform grew to $7.4 billion in assets in just over three and a half years, as of December 31, 2011.

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Investment Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2011), a top RIA custodian, and a leading independent consultant to retirement plans.  LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,900 financial advisors and approximately 680 financial institutions. In addition, LPL Financial supports over 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 2,700 employees with headquarters in Boston, Charlotte, and San Diego.  For more information, please visit www.lpl.com.

Securities offered through LPL Financial.  Member FINRA/SIPC

*Based on total revenues, Financial Planning magazine, June 1996-2011

About the Money Management Institute (MMI)

Since 1997 MMI has been the leading voice for the global financial services organizations that provide advice and professionally-managed solutions to individual and institutional investors. Through industry advocacy, educational initiatives, regulatory affairs, data reporting and professional networking, MMI supports and advances the growth of advisory solutions. MMI members' advice-driven investment solutions serve an evolving worldwide financial landscape and their organizations are committed to the highest standards of fiduciary responsibility and ethical conduct. For more information, visit www.moneyinstitute.com.

LPLA-C

LPL Financial Media Contacts
Joseph Kuo / Chris Clemens
Haven Tower Group LLC
(206) 420-3851 or (206) 420-1525
[email protected] or [email protected]

SOURCE LPL Financial LLC

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