TechTalk

TechTalkblog

InvestmentNews takes advisers through the developments and innovations in technology that'll change the way you do business today and tomorrow.

LPL launching technology jobs initiative

50 jobs to be added this year, up to 100 through 2013; all in Charlotte

Jun 25, 2012 @ 12:29 pm

By Davis Janowski

Wow, this could be good news for all you advisers that continually complain to me about the short-comings of LPL's technology offerings.

It seems the nation's largest independent broker-dealer is adding 50 technology positions on the east coast in Charlotte to create a second IT hub (the other is at LPL HQ in San Diego). That number may ultimately grow to 100 according to their prepared statement today.

In that prepared statement (which I received second from a colleague, ) they describe the new positions as “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.”

Bravo!

These 50 to 100, which will be added through 2013 will join the “800 employees across a broad range of functions, including compliance, operations, business consulting, and a service center…” that are already based in Charlotte.

LPL Financial (a wholly owned subsidiary of LPL Financial Holdings Inc.) and “its affiliates have approximately 2,700 employees with headquarters in Boston, Charlotte, and San Diego.”

LPL's timing is interesting. I immediately thought of Raymond James, which is in the middle of re-launching its technology platform for advisers.

Imitation is the most sincere form of flattery, right?

No, no, no, I'm sure that is not the case. I am certain this has been in the works at LPL for months, perhaps even before Raymond James had a twinkle in their eye.

I will add one additional thing I found interesting about LPL's prepared statement.

It seems to have originated from an outside public relations firm I have never heard from before, Haven Tower Group LLC.

I will say one thing for them, they are already more responsive than anyone else I have ever dealt with related to LPL. The two gents named on the release have already replied to an e-mail I just sent them.

Another hearty Bravo!

0
Comments

What do you think?

View comments

Recommended for you

Featured Research

The 2015 InvestmentNews Adviser Technology Study

This in-depth study provides a blueprint for the industry, providing actionable information to advisers, along with the latest solutions to help them drive profitability, efficiency and growth for their firm.

Featured video

INTV

Why some retirement plan advisers think Fidelity is invading their turf

InvestmentNews editor Frederick P. Gabriel Jr. and reporter Greg Iacurci talk about this week's cover story that looks at whether Fidelity Investments is stepping on the toes of retirement plan advisers.

Latest news & opinion

Broker protocol: Indecision over recruiting agreement is rampant

Ruckus over recruiting agreement has even wirehouse lifers wondering if it's time

Cetera reportedly exploring $1.5 billion sale

The company confirmed it's talking to investment bankers to 'explore how to best optimize [its] capital structure at lower costs.'

SEC Chairman Jay Clayton outlines goals for a new fiduciary standard

Rule should provide clarity on role of adviser, enhanced investor protection and regulatory coordination.

Advisers bemoan LPL's technology platform change

Those in a private LinkedIn chat room were sounding off about fears the independent broker-dealer will require a move to ClientWorks before it is fully ready.

Speculation mounts on whether others will follow UBS' latest move to prevent brokers from leaving

UBS brokers must sign a 12-month non-solicit agreement if they want their 2017 bonuses.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print