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LPL's Enyedi, Audette Take On Expanded Roles

By Jeff Berman

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What You Need to Know

  • LPL says it's realigning its management to provide a more integrated client experience.
  • Matt Enyedi is taking on a new role as managing director for client success.
  • Matt Audette is assuming responsibility for LPL’s risk, compliance and client operations functions in his expanded role as CFO and head of business operations.

LPL Financial announced a management realignment on Thursday that includes managing directors Matt Enyedi and Matt Audette assuming expanded roles at the firm.

Their new roles and the overall realignment, which became effective Thursday, are “centered around client interactions and operational needs as the firm transforms how it engages with and supports its financial advisor and institution clients over time,” the broker-dealer and RIA said in a news release.

Enyedi is taking on a new role as managing director for client success and will lead a “client-centered, cross-functional team responsible for fueling the sustained success and satisfaction of LPL advisors and institutions,” the company said.

“By bringing together relationship management and growth functions with service and supervision, this alignment will provide a more integrated and consistent experience across clients’ primary touchpoints with LPL,” the firm explained.

Meanwhile, Audette will assume responsibility for LPL’s risk, compliance and client operations functions in his expanded role as CFO and head of business operations. The new roles will leverage his “proven leadership and track record of execution,” LPL said.

In addition to continuing to lead LPL’s finance organization, he will oversee teams that the firm said are responsible for delivering increased operational speed and an enhanced client experience, along with continued strong risk management, to advisors and institutions.

“LPL’s strategy is completely focused on the advisor-mediated marketplace, and helping the advisors and institutions in this space thrive,” according to Dan Arnold, LPL CEO and president.

Enyedi and Audette are “transformational leaders with deep knowledge of our clients and their business needs,” Arnold said in a statement. “Under their leadership, we will continue to strengthen the quality of our client experience today, and ensure we are able to deliver an unmatched experience going forward.”

Enyedi was most recently responsible for LPL’s national sales and marketing organization. In his 20 years at LPL, he’s led the LPL business solutions and wealth management functions, in addition to launching LPL’s entry into the RIA hybrid custody space and the LPL Private Client program. Before joining LPL, Enyedi worked as an advisor with UBS PaineWebber.

Audette joined LPL in 2015 as CFO and assumed responsibility for the firm’s business solutions offering in 2022. Before joining LPL, Audette was executive vice president and CFO of E-Trade Financial Corp. He started his career in financial services at KPMG.

LPL now supports over 21,000 financial advisors, including advisors at about 1,100 institution-based investment programs and at about 500 RIA firms nationwide. The advisors serve clients with over $1 trillion in brokerage and advisory client assets serviced or custodied, it said.

(Pictured: Matt Enyedi, managing director at LPL Financial) 

Jeff Berman

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