Ex-LPL exec joins Edelman as CEO

A former executive at LPL Financial has joined Edelman Financial Services, one of the 10 largest registered investment advisers in the country, as its chief executive. Ryan Parker, most recently managing director of investment and planning solutions at LPL, will join Ric Edelman, founder and executive chairman of the RIA, in establishing the firm's strategic direction, according to a news release. Edelman had approximately $16 billion under management as of the end of first-quarter 2016. At LPL, the largest independent broker-dealer in the country, Mr. Parker had led sales, marketing, product management and sponsor relations. Mr. Parker was with LPL since April 2013, according to his LinkedIn profile. Mr. Parker's departure from LPL follows other fairly recent executive departures, such as former president Robert Moore in 2015, former managing director Derek Bruton in 2014 and former president of national sales William Dwyer in 2013.