LPL Financial hires new 'digital' head of recruiting -- IBM exec Scott Posner -- after the old school approach was leaking oil

Pre-IBM, Scott Posner spent 17 years at BNY Mellon where he rose to executive vice president leading the company’s strategic Initiatives group, reporting to the President

Author Lisa Shidler September 26, 2018 at 5:25 PM

2 Comments

Scott Posner only spent a year at IBM but 17 years at BNY Mellon.

People Moves

IBM

LPL Financial

Jeff Spears

September 26, 2018 — 6:39 PM

The wealth management business is being disrupted. If Robo advisors have been able to attract digital natives then a technology based approach to the arcane recruiting business deserves a look. I have seen the digital power of LinkedIn work for sourcing support roles. I'm intrigued and a little threatened to see how it works for advisory roles.

Ron Edde

September 26, 2018 — 6:39 PM

If I had a dollar for every time someone claims they have a new way to recruit I'd probably be retired by now. You are not going to recruit someone just by creating a fancy little mobile application or sending them texts and emails. You are ALWAYS going to have to talk to people, and as hopeful as LPL is that Mr. Posner is going to revolutionize recruiting, I think they'd better not let go of their internal recruiting staff (if they can somehow stem the flow of those people going out the door).

Related Moves

Christa Carone, an ex-Fidelity and Xerox marketing whiz, steps onto a slippery slope at LPL with a daunting task -- to consolidate a NASCAR size brand portfolio... or not?

With no CMO since August, the chief marketing officer will play catch up for a company still hungry to buy more branded B2B and B2C players.

April 2, 2024 at 1:28 AM

LPL makes 'Sixth Sigma black belt' ex-wirehouse counsel its chief legal officer, right after purchasing another full service broker. LPL says there is 'no connection,' and she was poached from Google

The Fort Mill S.C. broker dealer added Crown Capital Securities' captive brokers in Orange County, and is hiring Althea Brown, fresh off 11 years at Google

July 28, 2023 at 3:11 AM

Rich Steinmeier power poaches Jeremy Holly, who returns to LPL as EVP to head Dan Arnold-directed 'liquidity' project to buy -- but not hold -- LPL firms

Holly had bolted LPL for SageView with fanfare but he retained a fanbase back in San Diego which dreamed up a dream job for him

July 7, 2023 at 9:36 PM

Another RIA whisperer, Julian Lopez, has left Schwab Advisor Services after 24 years to join LPL, which he sees as more advisor-focused and 'entrepreneurial'

The Houston executive, like Kelly Smith in Chicago, was considered a key service talent for RIAs though Lopez says his circumstances differ.

February 23, 2023 at 8:14 AM

See more related moves

Mentioned in this article:

LPL Financial
RIA-Friendly Broker-Dealer, RIA Welcoming Breakaways, Advisory Firm
Top Executive: Dan Arnold