LPL Financial Names Derek Bruton Managing Director

BOSTON, March 3 /PRNewswire/ -- LPL Financial Corporation ("LPL Financial"), the nation's largest independent broker-dealer, announced that Derek Bruton, National Sales Manager, Independent Advisor Services (IAS), has also been appointed a Managing Director of the company.  The appointment makes Mr. Bruton the tenth Managing Director in the company, and reflects the significantly expanded roles and responsibilities of his position as IAS National Sales Manager.

Mr. Bruton, who will continue to report directly to Bill Dwyer, President, National Sales and Marketing, has oversight for business consulting and business development for all independent advisors and RIAs, as well as financial planning services.  

Prior to joining LPL Financial in 2007, Derek Bruton held a number of senior management roles at TD Ameritrade, Merrill Lynch and Charles Schwab, building a particularly strong track record for growing custody services businesses.

Bill Dwyer, President, National Sales and Marketing, said, "We congratulate Derek on achieving this well-earned promotion.  He has played a pivotal role in driving satisfaction among our independent advisors, supporting the growth of their businesses and serving as a key advocate for their needs.  His constant commitment to delivering nothing less than the highest levels of service and support is a strong reflection of our core values as a company."

About LPL Financial

LPL Financial is one of the nation's leading financial services companies and largest independent broker-dealer (based on total revenues as reported in Financial Planning magazine, June 1996-2009).   Headquartered in Boston, Charlotte, and San Diego, LPL Financial and its affiliates offer industry-leading technology, training, service, and unbiased research to 11,950 financial advisors, more than 700 financial institutions, and approximately 3,700 institutional clearing and technology subscribers.  LPL Financial has $279.4 billion in advisory and brokerage assets as of December 31, 2009.

LPL Financial and its 2,400 employees serve financial advisors through Independent Advisor Services, supporting financial advisors at all career stages; Institution Services, focusing on the needs of advisors and program managers in banks and credit unions; and Custom Clearing Services, working with broker-dealers at leading financial services companies.

Member FINRA/SIPC

SOURCE LPL Financial Corporation