Ex-LPL exec joins Edelman as CEO

Ex-LPL exec joins Edelman as CEO
Ryan Parker joins RIA in the latest of many executive departures from LPL in the past few years.
JUN 24, 2016
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.

Latest News

Judge OKs more than $90 million in settlement money for GWG investors
Judge OKs more than $90 million in settlement money for GWG investors

Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.

Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs
Fintech bytes: Orion and eMoney add new planning, investment tools for RIAs

Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.

Retirement uncertainty cuts across generations: Transamerica
Retirement uncertainty cuts across generations: Transamerica

National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.

Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future
Does a merger or acquisition make sense for your firm? Why now is the perfect time to secure your firm’s future

While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.

Raymond James continues recruitment run with UBS, Morgan Stanley teams
Raymond James continues recruitment run with UBS, Morgan Stanley teams

A father-son pair has joined the firm's independent arm in Utah, while a quartet of planning advisors strengthen its employee channel in Louisiana.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave