LPL Financial Appoints Two Top Strategists to Research Team

Firm Continues to Bolster Wealth Offering to Support High-Net-Worth Business

Boston, Massachusetts, UNITED STATES

BOSTON, March 9, 2015 (GLOBE NEWSWIRE) -- LPL Financial LLC, the nation's largest independent broker-dealer*, a custodian for registered investment advisors (RIAs), and a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), today announced the addition of two new executives to LPL Financial's Research team: Tim Knepp as executive vice president, chief investment strategist and chief wealth officer, and Matthew Peterson as senior vice president, chief wealth strategist. Both executives will support LPL's high-net-worth businesses, which provide advisors technology, investment research, and practice-management consulting services. Knepp and Peterson will report to Burt White, managing director and chief investment officer.

As chief investment strategist and chief wealth officer, Knepp will be based in Charlotte, N.C., and will be responsible for overseeing and delivering investment solutions, tactical guidance, portfolio construction, and research support for LPL's independent advisor, bank wealth, high-net-worth, and RIA clients. Knepp has more than 25 years of multi-asset class investment management experience and most recently served as senior vice president and chief investment officer of Savos Investments, previously known as Genworth Financial Asset Management and a division of AssetMark, Inc. Prior to that role, he served as vice president and director of manager research and due diligence at Genworth Financial/GE Private Asset Management. Knepp's research and investment perspectives have been widely quoted in several high-profile, national media outlets.

As senior vice president and chief wealth strategist, Peterson will be based in Boston and will develop thorough investment analysis tailored to financial advisors serving high-net-worth clients, and help to optimize the wealth platform. For Peterson, who has more than 20 years of experience as an investment professional, joining LPL marks a return to a familiar role. Earlier in his career he helped found Lydian Wealth Management, a leading high-net-worth advisory company that grew rapidly under his tenure to one of the largest independent firms in the country (Lydian Wealth was also a predecessor firm to Fortigent, a provider of high-net-worth solutions and consulting services that LPL acquired in 2012). As a partner and chief investment officer until 2005, Peterson oversaw all investment research, including creation of asset allocation models, alternative investment advice, and manager due diligence. He joins LPL from GM Advisory Group, an employee-owned investment manager, where he served as director of strategy and research. Previously, he was the investment director and portfolio strategist for Newgate Capital, an emerging market and commodity equity buy-side boutique.

"We are excited to welcome Tim—and welcome Matthew back—to the firm to complete our senior leadership team; each will play a significant role in providing thought leadership and insights tailored to the high-net-worth marketplace," White said. "Our talent is our greatest differentiator, and Tim and Matthew are two of the best and brightest in the industry. Tim has an impressive track record in portfolio construction and comprehensive knowledge in macroeconomic and capital markets analysis that will further empower our advisors to provide their clients with thoughtful and unbiased advice in a timely manner. And, we believe that Matthew's extensive portfolio management experience, familiarity with high-net-worth clients, and expertise overseeing alternative investment strategies will only accelerate the development of our wealth platform." 

White concluded, "I am confident that the combination of Tim's and Matthew's arrival along with the establishment of Anthony Valeri's thought leadership initiative, and the market-leading efforts of our due diligence team, led by Director of Research Kirby Horan-Adams, will provide the LPL Research team with the forward momentum to continue our mission to deliver superior investment advice."

*Based on total revenues, Financial Planning magazine, June 1996-2014

About LPL Financial Research

LPL Financial's research group, led by managing director and chief investment officer Burt White, provides strategic, objective investment insights to advisors who leverage LPL Financial's Research platforms. The group's mission is to be a trusted partner to our advisors who in turn provide investors with choices to help meet their financial goals. The team provides those advisors with market, investment management, portfolio construction, and due diligence advice. 

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (Nasdaq:LPLA), is a leader in the financial advice market and serves $475 billion in retail assets. The Company provides proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,000 independent financial advisors and over 700 banks and credit unions. LPL Financial is the nation's largest independent broker-dealer since 1996 (based on total revenues, Financial Planning magazine, June 1996-2014), is one of the fastest growing RIA custodians with $91 billion in retail assets served, as of Dec. 31, 2014, and acts as an independent consultant to over an estimated 40,000 retirement plans with an estimated $115 billion in retirement plan assets served. In addition, LPL Financial supports approximately 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have 3,384 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit

Securities and advisory services offered through LPL Financial. A registered investment advisor, member FINRA/SIPC.

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