GlobeNewswire Inc | Dec 14, 2020 04:10PM EST

December 14, 2020

CHARLOTTE, N.C., Dec. 14, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC, a leading retail investment advisory firm, registered investment advisor (RIA) custodian and independent broker-dealer, today announced that Brent Simonich has joined the firm as executive vice president, chief accounting officer and treasurer, effective today. In this role, Simonich will be responsible for shaping the forward-looking strategy, business objectives and corporate goals for LPLs Controllership, Treasury and Procurement functions. He is based at the firms Carolinas campus and reports to Matt Audette, LPL managing director and chief financial officer.

Brent is a proven industry leader with vast experience in a variety of different financial disciplines, Audette said. His leadership, integrity and passion for serving and supporting financial advisors will be a tremendous asset to the firm moving forward. We are pleased to welcome Brent to the LPL family and look forward to the many contributions he will make in this important role.

Simonich joins LPL from E*TRADE, where he was most recently EVP and chief risk officer. He spent more than 21 years of his career at E*TRADE in various leadership roles, including corporate controller, principal accounting officer and chief financial officer of E*TRADE Securities. Prior to E*TRADE, Simonich worked at Seiler LLP as a certified public accountant. He holds Series 27 and 99 designations, and earned his bachelors degree in Business from California Polytechnic State University.

I'm humbled and honored to join LPL at this exciting time in its history. The firms mission to take care of advisors so they can take care of their clients is an area of passion for me, and something I look forward to championing as a member of the leadership team. LPL is going through a period of tremendous growth, fueled by a Finance organization that is among the best in the industry. Im proud to join this incredible team, Simonich said.

About LPL Financial

LPL Financial ( https://www.lpl.com) is a leader in the retail financial advice market, the nations largest independent broker-dealer** and a leading custodian (or provider of custodial services) to RIAs. We serve independent financial advisors, professionals and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

**Based on total revenues, Financial Planning magazine June 1996-2020.

Securities and advisory services offered through LPL Financial LLC, an SEC- registered broker-dealer and investment advisor. Member FINRA/SIPC.

Throughout this communication, the terms financial advisors and advisors are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial LLC.We routinely disclose information that may be important to shareholders in the Investor Relations or Press Releases section of our website.

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Media Contact:Lauren Hoyt-Williams(980) 321-1232Lauren.Hoyt-Williams@lpl.com