LPL Financial Holdings Inc.
LPL Financial Appoints Katharine Reeping as Chief Accounting Officer
Summary
LPL Financial Holdings Inc. announced on February 28, 2025, the appointment of Katharine Reeping as the Company's Chief Accounting Officer. Effective March 3, 2025, Ms. Reeping will replace Matthew Audette as the principal accounting officer, reporting to Audette who continues as the Company's President and Chief Financial Officer. Reeping brings over two decades of experience in finance and controls, previously serving as the Senior Vice President, Corporate Controller since August 2022. Her total target annual compensation is set at $874,000, comprising an annual base salary of $380,000, a target annual cash bonus opportunity of $228,000, and a target annual long-term incentive compensation award opportunity with a grant date value of $266,000.
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About LPL Financial Holdings Inc.
LPL Financial Holdings Inc. operates as a leading independent broker-dealer network in the United States. It provides an integrated platform of brokerage and investment advisory services to independent financial advisers, financial institutions, and registered investment advisors. The primary function of LPL is to facilitate access to a wide array of financial products such as mutual funds, fixed and variable annuities, equities, and fixed income securities, along with comprehensive financial planning tools. Notable for its expansive network, LPL collaborates with thousands of financial professionals, enabling them to offer personalized client services while benefiting from the company's robust technological and regulatory compliance support. Its operations significantly impact sectors such as wealth management and financial planning, addressing the needs of retail clients and institutional investors. Market-wise, LPL Financial Holdings Inc. plays a crucial role in democratizing financial advice access, especially with its model that empowers independent advisers. Headquartered in San Diego, California, LPL continues to thrive by emphasizing adviser independence and providing scalable solutions that help financial professionals grow their practices.
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