LPL Financial names William Morrissey to replace Derek Bruton

William Morrissey, a 10-year company vet responsible for recruiting new advisers and their practices, was appointed head of LPL Financial's Independent Advisor Services unit.
JUN 05, 2014
William Morrissey has been appointed managing director of LPL Financial's Independent Advisor Services unit, replacing Derek Bruton, who was allowed to resign earlier this month. Mr. Morrissey, 49, has spent the past 10 years at LPL, most recently as executive vice president of business development, responsible for recruiting new advisers and their practices. He will continue to be based in San Diego and will report directly to LPL Financial president Robert Moore. During his tenure, the number of LPL's independent advisers nearly doubled to 11,400 from 6,350. He joined the company in 2004 as senior vice president of Advisory Consulting Services, responsible for overseeing and building the sales, marketing and development of LPL's advisory platforms. In his new role as managing director of IAS, Mr. Morrissey will lead a business unit that provides solutions and relationship management to LPL Financial's independent advisers. Mr. Morrissey also will continue to oversee IAS business development. Mr. Morrissey brings nearly three decades of financial services experience to his new role. Prior to joining LPL Financial, he spent 17 years at Fidelity Investments and also held positions at Merrill Lynch & Co. Inc.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound