LPL Financial has hired Bill Sappington as executive vice president of banking and lending solutions. He will lead the firm’s efforts to build a new banking and lending platform, the company said in a release.
Sappington most recently served as head of wealth management and private banking for City National Bank. Earlier, he was the head of private banking at BNY Mellon, where he introduced banking and lending capabilities to the independent advisers using Pershing Advisor Solutions and Pershing.
Before joining BNY Mellon, Sappington led the development of the Merrill Lynch Loan Management Account, which was the first fully integrated digital lending solution in the industry.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
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A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
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