Brooke’s Note: The key to long-term progress is discipline. The hallmark of discipline is doing lots of work and, initially, having disproportionately little to show for it. LPL Financial is in the midst of a technology overhaul that’ll take years to complete. But one outward sign of inward progress is its very outgoing hires of ringers. Victor Fetter, who literally has CTO as the middle of his first name, just added another major big-picture software talent who gained an appreciation for LPL by watching brokers from his wirehouse world leave for it.
In the latest in a series of gut-the-mansion moves by LPL Financial, it has brought aboard a former wirehouse technology chief.
The country’s San Diego-, Boston- and Charlotte, N.C.-based largest independent broker-dealer hired Anthony Perkins to fill the newly created post of executive vice president of technology product development as it races the clock to get its platform RIA-friendly to catch a market shift to fee-based advice. In June LPL hired an architect of the Morgan Stanley-Smith Barney technology merger, Tom Gooley.
That’s hard enough when you need to meet the diverse ...