LPL Financial’s Board of Directors has named Rich Steinmeier, former managing director and chief growth officer, as its new chief executive officer, effective immediately. Steinmeier had been serving as interim CEO since Oct. 1, when the board terminated President and CEO Dan Arnold for violating the company’s respectful workplace policies. Steinmeier was also elected to sit on the board.
LPL also named Matt Audette as president and CFO. He previously served as CFO and head of business operations.
Steinmeier will earn an annual base salary of $900,000, with a target annual cash bonus opportunity of $2.7 million and target long-term incentive compensation award with a grant date value of $8.4 million, according to an SEC filing. Audette’s base salary will be $750,000, with a potential cash bonus of $1.875 million and long-term incentive award of $5.375 million.
Since Steinmeier joined the company in 2018, LPL’s organic growth rate has more than doubled, according to Board Chairman Jim Putnam. The 50-year-old first came on board to lead business development. Previously, he was a managing director and chief digital officer at UBS Wealth Management USA. He was promoted to chief growth officer in May 2024.
Audette, also 50, joined as CFO in 2015 and took over the business operations role in 2023. He’s led corporate acquisitions, debt transactions, the client deposit portfolio, expense management and capital allocation. Previously, he was executive vice president and CFO of E*TRADE Financial Corporation.
“With Rich as CEO and Matt in his expanded role as president, the Board is confident that LPL’s trajectory of high performance and its steadfast commitment to serving clients will continue to build stakeholder value,” Putnam said in a statement.
will not materially impact the day-to-day operations of the firm. They also expressed confidence in Steinmeier, Audette and the rest of the leadership team.
Take a look at our comprehensive guide to the best and most popular information ebooks and products available today on Detoxing, Colon Cleansing, Weight Loss and Dating and Romance. They are all in one spot, easy to find and compere to make a quick selection for the product that best fits your needs or wants.
So browse through a category and make your preferred selection and come back here to read more choice articles and get a few more helpful tips on ways to help your enhancement.
As an Amazon Associate I earn from qualifying purchases. “saubiosaubiosuccess.com is a participant in third party affiliate and advertising programs; The Amazon Services LLC Associates Program, Awin network, and other affiliate advertising programs are designed to provide a means for sites to earn advertising fees and commissions by advertising and linking to products on other sites and on Amazon.com. Amazon and the Amazon logo are trademarks of Amazon.com, Inc, or its affiliates.”
We use anonymous cookies and various 3rd-party services to optimise and to offer you a better, more personalised, browsing experience with advanced accessibility enhancements.
Dismiss
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
