LPL Managing Director and Chief Investment Officer to Retire in Early 2022
LPL Financial Holdings Inc. (Nasdaq: LPLA), the parent of LPL Financial LLC – the nation’s largest independent broker-dealer, reported that the managing director of investor and investment solutions and chief investment officer will retire early next year.
LPL Financial Holdings Inc. (Nasdaq: LPLA), the parent of LPL Financial LLC – the nation’s largest independent broker-dealer, reported that Burt White, managing director of investor and investment solutions and chief investment officer, will retire in March 2022.
The firm said that it will conduct a “comprehensive search” to identify a new wealth management leader to join its management team.
“Burt has played an integral role in LPL’s journey to enhance the advisor experience, elevating the firm’s research, wealth management, product and platform capabilities. He will be missed by advisors and employees alike,” said Dan Arnold, LPL president and chief executive officer. “Burt will be with us through the end of next March to ensure a seamless transition. We are grateful for Burt’s steady leadership over the last fourteen years and wish him the best in his future endeavors.”
White joined LPL in November 2007 after serving 10 years as a managing director and director of research for Wachovia Securities. He has served in his current role since January 2017, where he is responsible for the direction and growth of LPL’s research, marketing, products and investment platforms. He served as managing director of research, and chief investment officer from 2009 to December 2016.
LPL Financial provides service to approximately $1.1 trillion in brokerage and advisory assets as of June 30, 2021. The company supports more than 19,000 financial advisors, 800 institution-based investment programs, and 450 independent RIA firms nationwide.
