The Financial Services Institute has elected Robert Moore, president of LPL Financial, to its board of directors.

Moore replaces Derek Bruton, who resigned from FSI’s 16-member board earlier this year. Bruton, who had served as LPL's managing director of independent advisor services, resigned abruptly from LPL in early April.

Moore joined LPL as CFO in 2008 and transitioned to the role of president in 2012. As president, he leads key areas of the company focused on business development, existing advisor growth and enhancing client satisfaction, according to FSI.

“I am excited to join FSI’s board of directors as we continue to constructively engage with regulators and legislators across the country,” Moore said. “I believe it is critical that we foster these relationships in order to protect Main Street Americans’ access to affordable, objective financial advice.”

Prior to joining LPL, he served in executive and financial management positions at ABN AMRO North America and LaSalle Bank Corporation, and Diageo PLC, Europe and Great Britain.