LPL Financial Welcomes Capital Financial Planning to its Broker-Dealer and Hybrid RIA Platforms

18-Advisor, New York-Based Firm Served Approximately $650 Million in Brokerage and Advisory Client Assets

FORT MILL, S.C. – Nov. 9, 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 Albany, N.Y.-based Capital Financial Planning has joined LPL Financial’s broker-dealer and hybrid registered investment advisor (RIA) custodial platforms. Capital Financial reported that, based on prior business, its advisors collectively served approximately $650 million of commission- and fee-based client assets*, as of Aug. 15, 2016.

Capital Financial president and chief executive officer, Todd A. Slingerland, credited LPL’s hybrid platform and efforts to keep pace with regulatory changes as the key components in their decision to transition to LPL. “With our own RIA, we are able to give our advisors and clients the best of both worlds—to be able to offer both a brokerage and a fee-based advisory business model. It also allows us to be positioned to attract other registered investment advisors to our firm to support our growth goals,” said Slingerland

Craig Kamis, LPL senior vice president of large enterprises and institutional recruiting, said, “We welcome Capital Financial Planning to LPL. They, like many advisors and firms during this unique time in our industry, were looking for the support and resources that could help them to manage and grow their business within an increasingly complex regulatory environment. We are proud they recognized our leading position in the independent space.”

Adam Neary, principal of the Neary/Luczak Group, which is an independent advisor firm affiliated with Capital Financial Planning, said, “We are thrilled with Capital Financial‘s decision to transition to LPL. I appreciate that so many processes are automated with LPL’s technology and service offering. I can spend more time working with my clients, which is where the value is for me so I can be best positioned to grow my business.”

Capital Financial includes 18 independent financial advisors, as well as eight professional support staff, and is seeking experienced financial advisors to continue to grow the firm. Based in Albany, N.Y., with an additional office in Clifton Park, N.Y, the firm also serves as an office of supervisory jurisdiction, providing its advisors with compliance oversight, operational and sales support, training and education, and management services. The firm is seeking experience financial advisors.

The firm was founded in 2003 by Slingerland, an industry veteran with nearly 30 years in the business, to offer financial professionals a turnkey business environment where they could provide objective advice based on each client’s unique circumstances. Capital Financial’s advisors provide comprehensive wealth management for high-net-worth individuals, families and trusts, and also serve retirement plans of corporations and nonprofit organizations. The firm’s clientele is primarily located in New York and New England, but its advisors also serve clients throughout the country.

Since its establishment, the firm has consistently been recognized by the Capital Business District Review as a “Best Place to Work,” and the firm has been recognized for its charitable and community outreach, particularly through its Capital Financial Planning Charitable Foundation.

*Asset numbers were reported by Capital Financial Planning based on prior business and have not been independently and fully verified by LPL Financial.

About LPL Financial

LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ:LPLA), is a leader in the retail financial advice market and served $502 billion in advisory and brokerage assets as of September 30, 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 financial institutions, 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 $129 billion in retirement plan assets, as of September 30, 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 3,200 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.

Investment Advice also offered through Capital Financial Planning, a registered investment advisor. Capital Financial Planning, The Neary Group and LPL Financial are all separate entities.

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Media Contact:

Lauren Hoyt-Williams

980-321-1232

Lauren.Hoyt-Williams@lpl.com