LPL losing tech guru Victor Fetter

He will be replaced by Scott Seese, most recently at American Express, and known for being a 'digital disruptor.'
JUN 22, 2017

Victor Fetter, one of the executives at LPL Financial most responsible for the recent roll out of its new technology platform for advisers, ClientWorks, is leaving the firm. He is joining a technology company called Vertiv Inc.; it designs, builds and services infrastructure that enables applications for data centers, communication networks and commercial and industrial facilities. At LPL since December 2012, Mr. Fetter was chief information officer, or CIO. He will be chief digital officer at Vertiv. LPL said in a statement Thursday afternoon that Scott Seese, most recently with American Express and before that eBay Inc., will join LPL as managing director and CIO as of July 10. "I'm excited to welcome Scott to our management team, and I'm confident in his ability to transform our technology products and platforms from utility to strategic assets," said Dan Arnold, president and CEO of LPL Financial. "Scott is a seasoned technology executive who is known as an innovator and digital disruptor." LPL advisers routinely complain about the firm's technology. ClientWorks was supposed to have been released to the firm's brokers by the spring of 2015, but the technology upgrade ended up taking much longer. At LPL's annual meeting for its advisers last August in San Diego, Mr. Fetter said the firm would continue upgrading its technology. Several new capabilities, including a client home page, had been introduced, and more was scheduled for the start of 2017, he said at the time.

Latest News

The 2025 InvestmentNews Awards Excellence Awardees revealed
The 2025 InvestmentNews Awards Excellence Awardees revealed

From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.

Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty
Top RIA Cresset warns of 'inevitable' recession amid tariff uncertainty

Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.

Edward Jones joins the crowd to sell more alternative investments
Edward Jones joins the crowd to sell more alternative investments

“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.

Record RIA M&A activity marks strong start to 2025
Record RIA M&A activity marks strong start to 2025

Sellers shift focus: It's not about succession anymore.

IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients
IB+ Data Hub offers strategic edge for U.S. wealth advisors and RIAs advising business clients

Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.