The nation’s largest independent investment broker-dealer says its new IT hub will be located in Charlotte, N.C., and closely match its main IT hub in San Diego.
During this year alone, LPL’s Charlotte hub plans to hire 50 IT professionals, which will include developers, project managers and other IT folks. They’ll be joining the rest of LPL’s Charlotte staff, which currently stands at 800.
In the past, LPL was viewed as under-investing in technology and faced being eclipsed by competitors in that area. Customer complaints focused on its versions of Salesforce and its financial-planning software MoneyGuidePro, says Davis Janowski, who covers technology at InvestmentNews.
LPL Financial offers proprietary technology and services to more than 12,900 financial advisers and serves approximately 680 financial institutions.