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LPL Financial Elects New Board Member

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Viet D. Dinh has been elected to its board of directors and will also serve on the nominating and governance committee of the board, effective immediately.

Dinh is currently a partner of Bancroft PLLC, a law and strategic consulting firm that he founded in 2003. Prior to that, he served as U.S. Assistant Attorney General for Legal Policy from 2001 to 2003.

LPL chairman and chief executive officer Mark Casady, said, “Viet is an expert on corporate governance issues and has deep experience in counseling corporations and their leadership. His legal expertise and government experience will be great assets to the board as the industry continues to navigate regulatory change.”

In addition to his duties at Bancroft PLLC, Dinh is also a professional lecturer in law and a distinguished lecturer in government at Georgetown University, where he specializes in corporations and constitutional law. He also serves on the boards of Twenty-First Century Fox Inc. and Revlon Inc.

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,100 independent financial advisors and more than 700 banks and credit unions. LPL Financial is the nation’s largest independent broker-dealer, an RIA custodian with $112 billion in retail assets served, and acts as an independent consultant to more than 40,000 retirement plans with an estimated $120 billion in retirement plan assets served, as of June 30, 2015.