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

RIA dealmaking accelerates as three firms hit AUM milestones
RIA dealmaking accelerates as three firms hit AUM milestones

Wealth Consulting Group, Coastline and Maridea report fresh capital, acquisitions and asset growth as advisor M&A keeps climbing

VastAdvisor closes $1 million SAFE round from advisor-side backers
VastAdvisor closes $1 million SAFE round from advisor-side backers

Carson Group's Dani Fava, Jason Pereira of Woodgate Financial, and Sally George of Convergency Partners led the raise as the growth-tech startup builds out its AI platform and leadership bench.

Wells Fargo adds three advisor practices as recruiting rebound continues
Wells Fargo adds three advisor practices as recruiting rebound continues

New teams from William Blair, Ameriprise and UBS bring more than $560 million in combined client assets to the firm's employee and independent channels.

UBS will pay advisors 'handsomely' for banking starting next year
UBS will pay advisors 'handsomely' for banking starting next year

Regulators this year approved UBS Bank USA’s conversion to a nationally chartered bank.

SEC accuses Tricolor executives of hiding $800 million collateral hole
SEC accuses Tricolor executives of hiding $800 million collateral hole

How a subprime lender’s car-loan bonds allegedly unraveled before bankruptcy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income