CHARLOTTE, N.C., March 29, 2018 (GLOBE NEWSWIRE) -- LPL Financial Holdings Inc. (NASDAQ:LPLA) today announced that its 2018 annual meeting of stockholders will be held May 17 at noon ET at its offices located at 1055 LPL Way in Fort Mill, S.C. LPL has filed definitive proxy materials with the Securities and Exchange Commission related to the annual meeting.

As reflected in the proxy materials, Marco “Mick” Hellman has decided that he will not seek reelection as a director upon expiration of his current term at the annual meeting.

“On behalf of the board, I thank Mick for his service to LPL and our stockholders. He has been an exemplary colleague and valued member of the board in helping to guide the company through a period of significant transformation and growth,” said Jim Putnam, chair of the Board. “We wish him success in his future endeavors.”

With Mr. Hellman’s decision, eight directors have been nominated for reelection at the 2018 annual meeting of stockholders, as recommended by the board’s nominating and governance committee, which is also responsible for identifying, evaluating and recruiting additional qualified persons to serve on the board in the future.

About LPL Financial

LPL Financial is a leader in the retail financial advice market and the nation’s largest independent broker/dealer*. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.