Bill Dwyer Leaving LPL Financial

LPL Financial LLC announced the departure of Bill Dwyer, president of national sales, who has decided to pursue other personal and professional interests.

Among his projects is becoming chairman of the Invest in Others Charitable Foundation later this year. Invest in Others is a registered public charity established in 2006 through the leadership of LPL Financial. The organization’s mission is encouraging and supporting financial advisers to participate in philanthropic and volunteer activities in their communities.

“We are grateful to Bill Dwyer for his many contributions to both our company and the broader industry,” said Mark Casady, chairman and chief executive of LPL Financial. “In his two decades with LPL Financial, Bill has represented our firm, and the benefits of independent investment advice, by being an active leader in our industry and a fierce advocate for our customers. Bill’s service and commitment to our customers over these many years have helped to build the success of our firm, and we wish him well in all his future endeavors.”

LPL announced that Robert Moore, president of adviser and institution solutions, will assume additional responsibilities of national sales, aligning the support of advisers across a single enterprise. Moore was named president and chief operating officer in May. (See “LPL announces Executive Realignment.”)

Moore’s expanded role puts him in charge of independent adviser services, which is headed by Derek Bruton; institution services, run by Andy Kalbaugh; and retirement partners, run by Bill Chetney.


Moore joined LPL in 2008 from ABN AMRO North America and LaSalle Bank Corporation, where he served as chief executive officer.

“Robert is a dynamic leader with a deep knowledge of our business and a successful track record as our CFO [chief financial officer] and as the head of our adviser and institution solutions business unit,” Casady said. “I am pleased to have Robert’s expertise and experience overseeing our businesses and integrating the development of growth strategies that will deepen our product solutions and services to our customers.”

In addition, John McDermott, managing director and chief risk officer, has decided to retire after almost 40 years in the broker/dealer business, including four years with LPL Financial. The company is initiating a search for his replacement. McDermott will continue in his role until a new chief risk officer has been named.

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc., is an independent broker/dealer.