LPL Appoints New Wealth Leadership Amid Expansion
Company - People | May 21, 2025 | EIN
LPL Financial and Caprock have made significant leadership hires to expand their capabilities in wealth planning and M&A. LPL Financial appointed Tara Thompson Popernik as EVP and head of wealth planning, where she will guide efforts to enhance planning capabilities for high-net-worth clients. Formerly with Bernstein Private Wealth, Popernik brings over two decades of experience in financial planning. Monte Tomasino joined LPL as EVP of service digital enablement, transitioning from Dell Technologies where he specialized in digital transformation. Caprock named Frank Giuliano as head of corporate development, tasked with spearheading advisor recruitment and M&A. Giuliano, who joins from LPL, has previously been involved in launching LPL’s liquidity and succession program. Caprock aims to grow selectively, focusing on collaborations with exceptional advisors and clients.
Sectors
- Wealth Management
- Mergers and Acquisitions
- Digital Transformation
Geography
- United States – Both LPL Financial and Caprock operate their wealth management and corporate development strategies primarily within the U.S.
Industry
- Wealth Management – The article involves firms primarily engaged in providing wealth planning services for high-net-worth clients.
- Mergers and Acquisitions – Caprock is focusing on advisor recruitment and M&A for expansion, and LPL has been involved in acquiring wealth management firms.
- Digital Transformation – LPL's strategic hires include roles focused on digital enablement and transformation initiatives.
Financials
- $13 billion – Total assets under advisement by Caprock.
- $2.2 billion – Client assets under advisement by Grey Street Capital before acquisition by Caprock.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LPL Financial | Financial Services Firm | Company | A major provider of investment and advisory services aiming to expand its wealth management and digital capabilities. |
| Caprock | Financial Services Firm | Company | A privately held wealth management firm focusing on ultra-high-net-worth clients and expansion through M&A. |
| Tara Thompson Popernik | Executive Vice President, Head of Wealth Planning | Person | Recently appointed at LPL to lead wealth planning initiatives for high-net-worth clients. |
| Monte Tomasino | Executive Vice President of Service Digital Enablement | Person | Joined LPL to enhance digital enablement and transformation initiatives. |
| Frank Giuliano | Head of Corporate Development | Person | Appointed at Caprock to lead advisor recruitment and M&A, formerly at LPL. |
| Bernstein Private Wealth | Previous Employer | Company | Former employer of Tara Thompson Popernik where she led the wealth strategies team. |
| Dell Technologies | Previous Employer | Company | Previous employer of Monte Tomasino where he led digital enablement efforts. |
| Grey Street Capital | Acquired Company | Company | Recently acquired by Caprock to enhance their ultra-high-net-worth offerings. |