Paradigm Wealth Management Welcomed by LPL Financial

CHARLOTTE, N.C. –  May 3, 2016 – Leading retail investment advisory firm and independent broker/dealer LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today announced that Paradigm Wealth Management, LLC, (Paradigm), an independent financial advisory firm, has joined LPL’s broker-dealer and hybrid registered investment advisory (RIA) platform. Paradigm reported, based on prior business, that its advisors served approximately $305 million in commission- and fee-based assets, as of March 31, 2016*.

Paradigm is based in Bridgewater, N.J, with a branch in Dublin, Pa., and another scheduled to open shortly in Fairfield, N.J., and its advisors work predominately on retirement income planning for individuals in and near retirement. Using a team approach to client accounts, the firm serves mass affluent and high-net-worth clients located predominately on the East Coast but also nationwide. Paradigm also serves a significant client base of professional athletes seeking to preserve their wealth beyond their high-income-generating years. Founded in 2010 by retirement industry veterans David P. Giegerich and David Provinsal, Paradigm includes six advisors and five professional support staff.

“We chose LPL for its commitment to our independence, the open-architecture of its platform, the access it provides to integrated technology and its stability as a firm,” said Giegerich, Paradigm managing partner. “And importantly to us, at every level within the organization, from Jason Catlender in business development to the team we met through our home office visit, we felt that LPL understood our distinct business model and how we envision building our business for the future. We believe LPL will be a supportive partner as we work to take our business to a new level.”

Since its founding, Paradigm has grown organically as well as through the acquisition of other advisory practices. The firm’s management believes that current industry conditions, including an aging advisor workforce and movement within the industry resulting from new regulatory rules, can create more acquisition opportunities in both the commission-based and hybrid RIA arena.

“Paradigm has created a successful business in the field of retirement planning and we are excited their firm has made the decision to join LPL,” said Craig Kamis, LPL senior vice president, institutional recruiting. “It is a unique time in our industry, and we believe that LPL is well positioned to be able to support firms like Paradigm as they seek to grow their business and find efficient ways to manage their practices so that they can best serve the needs of their clients.”

*Asset numbers were reported by Paradigm Wealth Management, based on prior business and have not been independently and fully verified by LPL Financial.

About Paradigm Wealth Management

Based in Bridgewater, N.J., Paradigm Wealth Management, LLC, is an independent financial advisory focused on retirement income planning for those in and near retirement. A full-service wealth management firm, Paradigm delivers customized lifetime income plans to guide its clients through the stages of wealth accumulation to wealth distribution. In addition to serving retirees and transitional retirees, Paradigm serves a significant clientele of professional athletes seeking to preserve their wealth beyond their high-income-generating years. Founded in 2010, Paradigm also has offices in Dublin, Pa., and will open a new office in Fairfield, N.J. For more information, please visit paradigmwealthmanagement.com.

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 $479 billion in advisory and brokerage assets as of March 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 1996-2015). 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 service an estimated 45,000 retirement plans with an estimated $121 billion in retirement plan assets, as of March 31, 2016. LPL also supports more than 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 and Paradigm Wealth Management are separate entities.

###

LPL Financial Media Contact

Lauren Hoyt-Williams

980-321-1232

Lauren.Hoyt-Williams@lpl.com