Somesh Khanna has been elected to the LPL Financial Holdings Inc. board of directors. Khanna, a senior advisor at McKinsey & Company and executive co-chair of Apexon, brings over three decades of leadership experience in consulting and financial services, with expertise in digital strategy, organizational transformation, and productivity-enhancing initiatives. His appointment is expected to bring invaluable expertise in digital transformation, AI, and data-driven strategic planning to the company.
LPL Financial Holdings Inc. is among the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and servicing approximately $2.3 trillion in brokerage and advisory assets on behalf of about 8 million Americans. The company provides a wide range of advisor affiliation models, investment solutions, fintech tools, and practice management services, ensuring flexibility for advisors and institutions to run thriving businesses.
With a strong track record of empowering financial professionals and leading across the industry, LPL Financial continues its strong growth trajectory. Khanna's expertise is expected to play a crucial role in driving the company's continued success, particularly as it continues to innovate and meet the evolving needs of financial advisors, institutions, and their clients.
This addition to the board comes at a time when LPL Financial is making significant strides in its growth and continues to lead the industry, further solidifying its position as a key player in the wealth management sector. Today the company's shares have moved -0.33% to a price of $372.16. For more information, read the company's full 8-K submission here.
