CLEVELAND, May 7, 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 the directors of PTC Holdings, Inc. appointed Bethany J. Bryant as president of its subsidiary The Private Trust Company, N.A. ("PTC"), as of May 1, 2012. PTC was founded in 1995 and is licensed to provide trust services in all 50 states under its national banking charter. As a leading provider of trust administrative services for individual and family assets, PTC uses a unique open-architecture approach that delegates investment management to financial advisors, who are in turn able to offer personalized and sophisticated trustee services to high-net-worth clients for a variety of estate planning needs.
Ms. Bryant was one of three original founders of The Private Trust Company. Since that time she has served as CFO and operating officer for PTC, with responsibility for managing the firm's accounting, operations, compliance, and information technology functions along with managing some of the firm's largest client relationships. As part of a long-term succession plan first approved in 2009, Ms. Bryant succeeds Lawrence Hatch in the role of president.
Robert Moore, president, chief operating officer and CFO of LPL Financial, said, "Bethany has been an invaluable leader at The Private Trust Company for many years, and this recognition is well deserved. Given the increasing importance of the high-net-worth market for LPL Financial, we have high hopes for the future under the direction of Bethany and PTC's board of directors."Heather Ettinger, managing partner of Fairport Asset Management and member of The Private Trust Company's board of directors, added, "For nearly two decades Bethany has provided the broadest possible spectrum of support for PTC, and has served the firm's clients with the highest degree of integrity and focus. The Board is very pleased to have her at the helm as we work to uphold this record of success and excellence. We would also like to recognize Larry's many contributions to the organization over the last 18 years, and we wish him the best in his future endeavors." Prior to her time at PTC, Ms. Bryant began her career as an independent auditor with Ernst & Young LLP, specializing in audits of financial institutions. Ms. Bryant is a certified public accountant and a certified securities operations professional.