John Andrew Kalbaugh — Managing Director and Divisional President of National Sales & Consulting at LPL Financial

Mr. John Andrew Kalbaugh has been Divisional President of National Sales & Consulting at LPL Financial Holdings Inc. since January 24, 2017 and serves as its Managing Director. Mr. Kalbaugh served as the Managing Director of Institution Services at LPL Financial Holdings Inc. since 2012 and also served as its Divisional President of Relationship Management and Business Consulting until January 24, 2017. Mr. Kalbaugh was responsible for the growth, satisfaction and retention of financial institutions; attracting new financial institutions to the LPL Financial Holdings and helps banks and credit unions add new advisors to their programs. Previously, Mr. Kalbaugh served as executive vice president of business consulting for Independent Advisor Services. Prior to joining LPL Financial Holdings in 2007, he was President, Chief Executive Officer and Chairman of American General Securities Incorporated and served as Director of the AIG Advisor Group. Earlier, he was Vice President and Chief Marketing Officer for American General Securities Incorporated. Previous positions include eastern regional Director of Sales for The Advisors Group and senior trader for Calvert Securities Corporation. Mr. Kalbaugh is a Certified Financial Planner and holds a B.A. in business and economics from the University of Maryland.