People and Culture

Bringing Our Mission to Life

LPL employees all live by our mission to take care of advisors so they can take care of their clients.

We appreciate initiative and encourage innovation. We welcome fresh perspectives and expect openness to new ideas. Collaboration – within our advisor and employee communities – is the norm.

We’re always in learning mode, drawing on data, analytics, and feedback from our customers and colleagues. If we don’t have answers, we find them. If we encounter problems, we solve them. If we have ideas, we share them.

No matter the circumstance, we proceed with integrity. Doing what’s right earns us trust – from our financial professionals and each other.

Dan Arnold, President and Chief Executive Officer

Dan Arnold has served as our chief executive officer since January 2017. He has served as our president since March 2015, with responsibility for our primary client-facing functions and long-term strategy for growth.

As our chief financial officer from June 2012 to March 2015, Dan was responsible for formulating financial policy, leading our capital management efforts, and ensuring the effectiveness of the organization’s financial functions. He joined our company in January 2007 following our acquisition of UVEST Financial Services Group, Inc. (“UVEST”).

Prior to joining us, Dan worked at UVEST for 13 years, serving most recently as president and chief operating officer. He has also served on the board of directors of the Securities Industry and Financial Markets Association (“SIFMA”).

Matthew Audette, Managing Director, Chief Financial Officer

Matthew Audette is our chief financial officer. He’s responsible for the company’s core financial functions, including financial planning and analysis, controllership, tax, internal audit, treasury, corporate development, and investor relations.

Prior to joining us in September 2015, he served as executive vice president and chief financial officer of E*TRADE Financial Corporation (“E*Trade”). During his 16 years with E*TRADE, he led the formation of the firm’s Finance department and was a key contributor in the growth of the franchise, leading a variety of corporate transactions and capital activities.

Matthew Enyedi, Managing Director, National Sales

Matthew Enyedi has served as managing director, national sales of LPL Financial since January 2020. He oversees an integrated group of product and platform sales consultants focused on helping financial advisors and institutions navigate and grow in an increasingly complex financial services landscape.

Prior to his promotion to managing director, Matthew served as executive vice president, national sales. In that role, he led the firm’s data analytics and business intelligence efforts, and oversaw a team focused on providing front‐ and middle‐office capabilities to help advisors grow their businesses and reach new segments of clients.

Matthew joined LPL Financial in 2003. Prior to joining the firm, he worked as a financial advisor with UBS PaineWebber.

Andy Kalbaugh, Managing Director, Divisional President, National Sales and Consulting

Andy Kalbaugh has served as managing director and divisional president, national sales and consulting of LPL Financial since January 2016. He is responsible for the long-term growth, satisfaction, and retention of financial advisors and institutions. In addition, he leads the strategy for national sales and consulting support teams across LPL Financial’s retirement planning services, high-net-worth and private client solutions, financial planning and insurance services.

Previously, Andy served as managing director and divisional president of Institution Services and led business development and business consulting for all financial institutions. He joined us in July 2007 following the acquisition of Mutual Service Corporation (“MSC”).

Sallie R. Larsen, Managing Director, Chief Human Capital Officer

Sallie Larsen is managing director, chief human capital officer of LPL Financial. She is responsible for overseeing executive communication, human resources, talent development, corporate real estate, total rewards and talent acquisition, advisor and employee learning and development, and diversity and inclusion.

Sallie joined us in May 2012 from the Federal Home Loan Bank/Office of Finance, where she served as the chief human resources officer from November 2009 to April 2012. In earlier roles, Ms. Larsen was a managing vice president of human resources for Capital One Financial Corporation, senior vice president of human resources for Marriott International, and vice president of human resources and communications for TRW Inc.

Michelle Oroschakoff, Managing Director, Chief Legal Officer

Michelle Oroschakoff is managing director, chief legal officer of LPL Financial. She is responsible for company-wide legal and government relations matters, risk management processes and controls, compliance, and governance, and has a leading role in the company’s ongoing focus on enhancing the corporate risk profile.

Michelle has more than 20 years of financial services industry experience deeply rooted in legal, compliance, and risk management. She joined us as managing director, chief risk officer in September 2013 from Morgan Stanley, and was promoted to chief legal and risk officer in June 2017.

Earlier in her career, Michelle spent 11 years in a variety of legal and compliance roles at Morgan Stanley, including associate general counsel and head of the firm’s San Francisco litigation department. She also served as the general counsel for a large and successful RIA firm, where she became familiar with the independent model. She also serves on the SIFMA Compliance and Legal Executive Committee.

Scott Seese, Managing Director, Chief Information Officer

Scott Seese is managing director, chief information officer of LPL Financial, responsible for managing all aspects of the firm’s technology and systems applications. He leads our Technology department, which is responsible for delivering technology solutions and market-leading platforms that enable positive, compelling experiences for LPL Financial advisors and employees.

Prior to joining us in 2017, Scott served as CIO of American Express’s global consumer business unit, where he was responsible for leveraging technology for revenue growth, gaining new customers and lowering costs. He has also served as CIO and vice president, information technology, at eBay, Inc., as well as a variety of senior technology roles at Bank of America. Before that, Scott spent the first 12 years of his career at General Electric, where he helped start three different businesses.

Dayton Semerjian, Managing Director, Chief Customer Care Officer

Dayton Semerjian has served as managing director, chief customer care officer of LPL Financial since February 2019. He is responsible for LPL Financial’s customer satisfaction and client-centric efforts and leads Service, Trading, and Operations, LPL Financial’s largest business unit.

Before joining us, Dayton was general manager and senior vice president for Global Customer Success at CA Technologies Inc., which he joined in 2005 when the firm acquired Concord Communication Inc. At Concord, he was executive vice president of Marketing and Strategic Alliances. Has has also gained experience leading firms in adopting new service models that focus on improving the customer experience at scale through leadership roles at Intel Corp., Nation Street Inc. and Corente Inc., which was acquired by Oracle.

Rich Steinmeier, Managing Director, Divisional President, Business Development

Rich Steinmeier has served as managing director and divisional president, business development of LPL Financial since August 2018. In this role, he has responsibility for recruiting new financial advisors and institutions to LPL Financial and to existing advisor practices, as well as exploring new markets and merger and acquisition opportunities.

Prior to joining us, Rich served as managing director, head of digital strategy and platforms for UBS Wealth Management Americas and as managing director, head of the Emerging Affluent Segment and Wealth Advice Center. Prior to UBS, he held a variety of leadership roles at Merrill Lynch, most recently as managing director of the Merrill Edge Advisory Center. Before that, he served as an engagement manager at McKinsey & Company.

Burt White, Managing Director, Investor and Investment Solutions, Chief Investment Officer

Burt White has served as managing director, investor and investment solutions and chief investment officer of LPL Financial since January 2017. He served as managing director, research, and chief investment officer before that. Burt is responsible for the strategic direction and continued growth of our research, marketing, products, and investment platforms.

Prior to joining us in November 2007, Burt served as a managing director and director of research for Wachovia Securities for 10 years. He was also an investment analyst for Mercer Investment Consulting, where he provided investment advice to institutional clients. He started his financial services career on the buy side of the business as a research analyst for Thompson, Siegel, and Walmsley, a value-oriented asset manager.