Semerjian Out at LPL in Leadership Shake-Up

LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Dayton Semerjian, formerly managing director and chief customer care officer, will depart the company at the end of March as part of “an organizational realignment of certain business functions.”

Managing director Matt Enyedi will take on a new role as head of customer success and lead a “client-centered, cross functional team responsible for fueling the sustained success and satisfaction of LPL advisors and institutions” with a focus on uniting relationship management and growth functions with service and supervision. According to the company, this alignment will provide a more integrated and consistent experience across clients’ primary touchpoints with LPL.

Managing director Matt Audette will also assume responsibility for the firm’s risk, compliance and client operations functions in his expanded role as chief financial officer and head of business operations. In addition to continuing to lead the finance organization, LPL says he will oversee teams responsible for delivering increased operational speed and an enhanced client experience, along with continued risk management, to advisors and institutions.

“LPL’s strategy is completely focused on the advisor-mediated marketplace and helping the advisors and institutions in this space thrive. Our evolved operating model is built around our clients and the ways they interact with LPL,” president and chief executive officer Dan Arnold, said. “Matt Enyedi and Matt Audette are both transformational leaders with deep knowledge of our clients and their business needs. Under their leadership, we will continue to strengthen the quality of our client experience today, and ensure we are able to deliver an unmatched experience going forward.”

Audette joined LPL in 2015 as chief financial officer and assumed responsibility for the firm’s Business Solutions offering in 2022. Prior to joining LPL, Audette served as executive vice president and chief financial officer of ETRADE Financial Corporation. He began his career in financial services at KPMG. Audette earned a bachelor’s degree in accounting from Virginia Polytechnic Institute and State University.

Prior to his current role, Enyedi was responsible for LPL’s national sales and marketing organization. In his 20-year career at LPL, he’s led the LPL Business Solutions and Wealth Management functions, in addition to launching LPL’s entry into the RIA hybrid custody space and the LPL Private Client program. Prior to joining LPL, he worked as a financial advisor with UBS PaineWebber. Enyedi earned a bachelor’s degree in speech communication and business administration from the University of San Diego.

LPL supports more than 21,000 financial advisors, 1,100 institution-based investment programs and 500 independent RIA firms nationwide.

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