Industry veteran Jeremy Holly has rejoined LPL Financial as executive vice president for strategic business development, the company said.
Synergies are the benefits derived through the merger of two or more businesses, such as cost savings, revenue growth, or operational efficiency. Because synergy realizations can increase the value of a business created through a merger, they are often a key driver of M&A transactions – an area of Holly’s expertise.
In his new role with LPL, Holly will oversee efforts to build out the firm’s liquidity and succession and M&A Solutions functions, the news release said.
“LPL is an industry leader in providing new solutions to address changing advisor and investor needs,” Holly said in a prepared statement. “At this incredible time of growth and opportunity, I couldn’t think of a more exciting time to return to LPL.”
Asked why he left to join SageView in June 2021, only to return to LPL two years later, Holly said that the opportunities that came with job offers from each company at the time each was made were too hard to pass up.
“I was excited about the opportunity to drive growth at a small firm,” he said of SageView in an email response. “When I left LPL after nearly 19 years, I always hoped I would return some day. I have many great relationships with LPL employees and advisors, and I wanted to always keep the door open.”
From 2013 to 2017, Holly served as senior vice president for strategic business solutions and business consulting at LPL.
“My new role has similar functions as my previous roles with LPL,” he said in the email. “However, I now also help advisors address succession planning and monetize their practice.”
“LPL’s capital position, its size, and its scale allow it to continue to re-invest in the resources and capabilities that advisors and their clients value most,” he added.
Headquartered in Fort Mill, S.C., San Diego, and Boston, LPL Financial supports more than 21,000 financial advisors nationwide.
Holly spent two decades in various leadership positions at LPL until 2021, most recently leading corporate development and advisor financial solutions. He rejoins LPL from SageView Advisory Group, where he was the chief development and integration officer, responsible for the firm’s acquisitions, recruiting and synergy realization, according to a news release.