LPL Financial plans move out of Charlotte, N.C., to new regional HQ in South Carolina

Independent broker-dealer plans to invest $150 million, add 2,000 jobs in region

Jun 17, 2014 @ 2:19 pm

By Minda Smiley

lpl financial, headquarters, charlotte, north carolina, south carolina, mark casady
+ Zoom

LPL Financial announced plans to construct a new regional headquarters, relocating more than 1,000 employees less than 20 miles to Fort Mill, S.C., from Charlotte, N.C., with plans to add 2,000 new jobs.

The Charlotte area has been designated by LPL Financial as its primary destination for job growth during the next five years, with plans to invest at least $150 million in the region by 2022.

"This is a proud moment for all of us at LPL Financial as we are standing on the threshold of a new era for our Charlotte-area employees," said Mark Casady, chairman and CEO of LPL Financial, in a statement. "We plan to create a work environment that supports innovation, collaboration and engagement."

Construction is scheduled to begin in 2015 with completion expected by fall of 2016.

"LPL Financial is one of the nation's premier financial adviser firms, and we couldn't be more excited that they are choosing to grow and succeed here in South Carolina, investing $150 million and intending to create a total of 3,000 new jobs in the state," South Carolina Gov. Nikki Haley said in the statement.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

INTV

Women's retirement needs and the opportunity they present for advisers

Assistant managing editor Lorie Konish speaks with contributing editor Mary Beth Franklin about the unique planning considerations for women as they prepare for income needs later in life.

Latest news & opinion

Is LPL's deal sweet enough for NPH's 3,200 reps and advisers?

They will have to decide if the signing package they are being offered by LPL makes sense. A lot is hanging in the balance.

Eduardo Repetto to leave Dimensional Fund Advisors

Gerald O'Reilly, currently co-CIO, will take over as co-CEO with David Butler.

Alternative strategies boomed after crisis, but haven't been tested

Because the S&P 500 has outperformed, convincing clients they need protection is a hard sell.

7 ways advisers fixed clients' biggest financial dilemmas

Sometimes it takes creativity, along with knowledge and outside help, to get a client out of a jam.

LPL Financial buys NPH, a broker-dealer network with 3,200 advisers

The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print