LPL Financial Technology Invests in Advisor and Investor Experience With Addition of New Executives

By: LPL Financial Holdings, Inc. via GlobeNewswire

June 01, 2023 at 09:00 AM EDT

CHARLOTTE, N.C., June 01, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that its technology executive team has added Nitesh Ambastha as executive vice president and Group CIO of Technology Investor Experience and Kristie Edling-Day as executive vice president and Group CIO of Technology Advisor Experience. LPL continues to invest deeply in building best-in-class technology talent with the addition of Ambastha and Edling-Day to lead and develop technology capabilities that empower our advisors and institutions to run thriving businesses.

“I’m pleased to welcome Nitesh and Kristie to our technology leadership team and look forward to the impactful work they will drive across both of their teams to deliver world-class technology solutions and product offerings for LPL’s valued advisors and institutions,” said Managing Director and Chief Technology and Information Officer Greg Gates. “Their extensive backgrounds in the technology industry will create a dynamic synergy for technical advancements that will enable LPL’s advisors and institutions to thrive and grow in their respective businesses.”

In Ambastha’s new role, he and his team will focus on delivering advanced solutions for prospect and client management, custody, clearing and settlement, practice management and wealth planning. Ambastha will also lead investor-facing capabilities for the Account View platform. He joins LPL from J.P. Morgan where he was the chief technology officer, leading the asset and wealth management transformation of its technology platform.

“LPL Financial places a high priority on delivering an exceptional client experience, and technology is a key enabler of this goal. As CIO, I am excited about the opportunity to lead the development of technology solutions that enhance the client experience and drive client satisfaction,” said Ambastha.

Edling-Day’s wealth of experience in technology transformation, financial advisor services, business strategy development, product-led technology development and agile methodology will guide her in her leadership and ongoing development of LPL’s advisor-facing ClientWorks digital platform, which enables trading, servicing and support. She joins LPL from Vanguard where she served as the chief information officer and head of technology for its Financial Advisor Services and Institutional Investor Group divisions.

“As we look to the future of Technology at LPL, whether it’s a digital interaction through ClientWorks or through a phone call into a help desk, we envision an experience that is both integrated across a diverse set of tools and solutions and personalized in a way that feels “unique-to-you”. My team and I are excited to have the responsibility for delivering that experience to our advisors and institutions,” said Edling-Day.

About LPL Financial
LPL Financial Holdings, Inc. (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 enterprises and at approximately 500 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-mediated advice model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.

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