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Akellian hire signals LPL’s designs on clearing biz

Industry veteran ran Merrill Lynch's clearing service for seven years; most recently CEO of Century Securities Associates

LPL Financial has landed a big fish in the brokerage industry to lead its clearing and custody business, known as LPL Financial Custom Clearing Services.
David Akellian, who has almost 30 years in the business, will be executive vice president, head of that unit and based in San Diego, the firm sa

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