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LPL Financial Announces Major Technology Jobs Initiative In Charlotte Commencing With Creation Of 50 New Positions In 2012

CHARLOTTE, N.C., June 25, 2012 /PRNewswire/ -- LPL Financial ("the Company"), a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced the launch of a major technology jobs initiative, starting with the creation of 50 new technology-related positions based out of the company's Charlotte, NC corporate offices. The company anticipates filling the majority of these positions by October this year and adding up to a total of 100 new Charlotte-based technology positions through 2013 with further significant technology-related growth in subsequent years. 

The technology jobs created through this initiative will be based in the Company's offices near the Charlotte Douglas International Airport. Plans are currently underway to convert existing office space to create facilities that best promote collaboration among high-energy technology teams in a fast-paced environment.  The new positions available will include Developers and Project Managers, as well as other IT roles.

In addition to Charlotte, LPL Financial has corporate offices in Boston, MA, and San Diego, CA. The Company has maintained a significant presence in Charlotte since 2006, having over 800 employees across a broad range of functions, including compliance, operations, business consulting, and a service center supporting financial advisors and institutions affiliated with LPL Financial across the nation.

Today's announcement is part of an initiative by LPL Financial to augment the Charlotte office's existing technology staff, bringing it closer in size to its already-existing IT hub in San Diego. The two locations will complement each other, providing redundancy and an extended working day that will allow the Company to continue to enhance its technology infrastructure, program and application development and production services to financial advisors across the nation.

Sallie Larsen, managing director and chief human capital officer at LPL Financial, said, "We are excited to expand our technology presence in Charlotte, which will allow LPL Financial to leverage the Eastern corridor's deep pool of talent within that sector. We are aggressively looking to hire locally within the Charlotte area and to support the city by attracting accomplished tech workers from other areas on the East Coast. We are proud to serve as a leading employer in the city of Charlotte, which continues to be an outstanding source of highly skilled talent at all levels."

Chris Feeney, managing director and chief information officer at LPL Financial, said, "This announcement underscores our commitment to continuously reinvest in the technology resources that are central to the support we provide to thousands of financial advisors across the nation. At the same time, this is part of a larger ongoing Company initiative to ensure continuity for mission critical business functions by having robust technology capabilities on both coasts, thereby ensuring the seamless delivery of service to our financial advisors."

Bob Morgan, president of the Charlotte Chamber of Commerce, said, "The Charlotte Chamber of Commerce welcomes the boost to the local economy that this jobs creation initiative will provide. LPL Financial has been a major and valued employer in Charlotte since establishing corporate offices here in 2006, and today's announcement only further demonstrates their already strong commitment to our community. We are very pleased that the Company continues to reinvest in our city and its people, and we look forward to working with them as a partner in the future."

Those parties interested in finding out more about the new technology job opportunities created through this initiative should consult the careers section of www.lpl.com.

About LPL Financial LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2012), 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

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