LPL taps biz development head for advisor services

FWR Staff

6 April 2009

Independent advisor support veteran Derek Bruton gets new responsibilities. LPL Financial has put Derek Bruton in charge of business development for its Independent Advisor Services (IAS) business group, a responsibility he holds in addition to his position as head of the IAS team that caters to LPL-affiliated broker-dealers.

Bruton's "transition to this role presents a great opportunity for our advisors, who will further benefit from the strength of our independent model, as brings a wealth of sales management experience to his new role."

Consulting services

A 17-year veteran of the financial-service industry, Bruton joined LPL from TD Ameritrade's institutional division in 2007. He joined TD Ameritrade -- actually its predecessor TD Waterhouse -- in 2005 from Merrill Lynch, where he was in charge of the brokerage's RIA-custody and trading group. Before that he was with Schwab