CHARLOTTE, N.C., Oct. 12, 2020 (GLOBE NEWSWIRE) — LPL Financial LLC (Nasdaq:LPLA), a number one retail funding advisory agency, impartial broker-dealer and registered funding advisor (RIA) custodian, as we speak introduced that Thomas Cappello, CFA has joined the agency as govt vice chairman and chief danger officer, efficient Oct. 12. In his new position, Cappello is answerable for LPL’s danger features, together with Enterprise Danger Administration, Enterprise Danger Administration and Product Danger Administration. He studies to Michelle Oroschakoff, LPL managing director and chief authorized officer and relies on the agency’s Carolinas location.
“Tom brings a risk-ready mindset and huge wealth administration expertise, which is able to permit him to champion an efficient enterprise-wide danger administration framework throughout all of LPL’s enterprise items,” mentioned Oroschakoff. “I’m excited to welcome Tom to LPL and am trying ahead to all that we’ll proceed to perform as a agency along with his management.”
Cappello joins LPL from Financial institution of America, the place he served as managing director, enterprise strategic danger govt and chief danger officer for the Funding Options Group. On this position, he was answerable for offering danger oversight of key priorities throughout Financial institution of America, in addition to materials dangers associated to funding recommendation, technique and merchandise throughout Merrill Lynch and Financial institution of America Non-public Financial institution. Previous to that, Cappello served as govt director of operational danger for UBS Wealth and Asset Administration. He started his profession in 2002 as a monetary advisor and in discipline management positions supporting monetary advisors at UBS.
“There are a selection of macro tendencies within the market that make LPL’s evolving platform ripe for enlargement, and I’m excited for the chance to assist lead the agency into this new period of recommendation. LPL has established a fame for management and innovation within the trade, and the agency is buoyed by the power of its administration crew. At a time when buyers want the trusted steerage of a monetary advisor greater than ever earlier than, I’m proud to be a part of a agency that’s solely centered on serving the wants of advisors, RIAs and establishments and the essential work they do for his or her purchasers,” mentioned Cappello.
Cappello earned a BS in enterprise administration from the College of Central Florida and an MBA from Fordham College. He’s a Chartered Monetary Analyst (CFA) charterholder and a member of the New York Society of Safety Analysts.
About LPL Monetary
LPL Monetary (https://www.lpl.com) is a frontrunner within the retail monetary recommendation market and the nation’s largest impartial broker-dealer*. We serve impartial monetary advisors, professionals, and monetary establishments, offering them with the know-how, analysis, clearing and compliance companies, and observe administration applications they should create and develop thriving practices. LPL allows them to offer goal steerage to thousands and thousands of American households searching for wealth administration, retirement planning, monetary planning and asset administration options.
*Primarily based on complete revenues, Monetary Planning journal June 1996-2020
All through this communication, the phrases “monetary advisors” and “advisors” embrace registered representatives and/or funding adviser representatives affiliated with LPL Monetary, LLC, an SEC registered broker-dealer and funding adviser.
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