Four LPL Financial Advisors Named Among InvestmentNews' 40 Under 40

CHARLOTTE, N.C. – July 6, 2016 – Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that four LPL Financial advisors were included in the annual 40 Under 40 published by InvestmentNews. The award honors professionals under the age of 40 from across the financial advice industry for their success and contribution to the industry at large.

LPL advisors included among the list are:

• Matt Buchanan – Founder, Buchanan Wealth Management, Herndon, Va.
• Michael Lien Liang – Co-founder, Liang & Quinley Wealth Management, Irvine, Calif.
• Michael McDaniel – Founder of McDaniel Wealth Management, Nevada City, Calif.
• Jason McGarraugh – Sr. financial advisor, Neal Financial Group, Houston

According to InvestmentNews, the individuals were selected based on their accomplishments to date, contribution to the industry, leadership and promise. Those LPL advisors recognized contributed in varying ways to their communities and to the industry at large, providing pro bono financial planning, offering financial education to students and immigrant business owners and creating technology solutions to better serve the industry.

“On behalf of LPL Financial, I congratulate these advisors for being recognized as emerging leaders in the financial services industry,” said Andy Kalbaugh, LPL managing director and divisional president, Relationship Management and Business Consulting. “They have gone above and beyond in their work as financial advisors to demonstrate the value of financial advice to their communities and to drive the industry forward. We are proud to be able to support them in the work they do to help their clients pursue their financial goals and we wish them continued success.”

This year’s 40 Under 40 are featured in a special edition of InvestmentNews.

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and served approximately $486 billion in advisory and brokerage assets as of May 31, 2016. LPL is one of the fastest growing RIA custodians and is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine June 1996-2016). 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, enabling them to help their clients turn life's aspirations into financial realities. Advisors associated with LPL also serviced an estimated 45,000 retirement plans with an estimated $121 billion in retirement plan assets, as of March 31, 2016. LPL also supports approximately 4,200 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms, and technology solutions. LPL Financial and its affiliates have more than 3,400 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC. LPL Financial, InvestmentNews and the advisor firms listed are all separate entities.

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Media Contact:

Lauren Hoyt-Williams

980-321-1232

Lauren.Hoyt-Williams@lpl.com