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Media Kit LPL Financial Tower II at La Jolla Commons Press Release LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 For Immediate Release LPL FINANCIAL CELEBRATES THE OPENING OF ITS SUSTAINABLE OFFICE TOWER IN SAN DIEGO Tower II at La Jolla Commons is believed to be nation’s largest net-zero energy building; houses more than 1,600 employees SAN DIEGO – April 2, 2014 – LPL Financial LLC, the nation’s largest independent broker-dealer, an RIA custodian, and a wholly-owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), today celebrated the opening of its new San Diego headquarters, Tower II at La Jolla Commons, which is believed to be the largest net-zero energy commercial office building in the United States. In the weeks leading up to the office’s opening, more than 1,600 LPL Financial employees from seven office buildings in La Jolla moved to the La Jolla Commons facility. The 13-story, 415,000-square-foot office tower demonstrates LPL Financial’s commitment to sustainability and social responsibility by incorporating among the most sophisticated available green technologies and health and wellness benefits for its employees in its office design. The tower utilizes three fuel cells to convert biogas into carbon-neutral electricity that will allow the building to achieve net-zero energy status. In order to monitor and manage the tower’s reduced energy consumption, energy meters are located throughout the building and all surplus power is pushed back to the grid through San Diego Gas & Electric. In addition, the tower is furnished with LED lights that feature automatic dimming capabilities based on the degree of available natural light, as well as occupancy sensors that turn lights off by detecting unoccupied offices. Eighty-eight percent of the tower’s water consumption, nearly 2.5 million gallons annually, is recycled and used for irrigation and other building needs. Employee-focused sustainability programs encourage employees to recycle, compost and carpool. On-site charging stations for electric vehicles are also available for employee use at no cost. Employee comfort and productivity was also a top priority for LPL Financial when designing the tower. With the help of ergonomists, customized furniture was designed to be easily adjusted with the touch of a button to accommodate various work styles. An under-floor air-distribution system with diffusers allows employees to control the flow of air into their individual workspaces. In addition to these sustainable and ergonomic features, Tower II at La Jolla Commons also offers a number of employee amenities, including an on-site health and fitness center with a certified wellness manager and a cafeteria featuring healthy food options. “At LPL Financial, we are ambitiously working to be an employer of choice. As part of this commitment, we knew that our work environment needed to make an investment both in our employees and in the San Diego community. We saw designing this state-of-the-art building as core to enhancing the productivity, capabilities and well-being of our employees, which in turn allows us to better serve our clients,” said Mark Casady, chairman and CEO of LPL Financial. “By bringing employees together in this beautiful and inspiring workspace, we are ushering in a new era of collaboration and innovation that we believe will yield benefits not only for employees but also for the clients we serve.” “Utilizing advances in technology to create efficiencies is at the heart of what LPL Financial provides for its advisors and institutional clients, and it is only fitting that we adopted the same approach in designing our new office tower. LPL Financial would like to thank Hines, J. P. Morgan Asset Management, Cresa, Gensler, continued on next page Member FINRA/SIPC MKT-0038-0314 Press Release, continued Whiting Turner, WSP, San Diego Gas & Electric, GE Lighting, and Bloom Energy for their partnership as we worked together to create what we believe is the largest net-zero energy commercial office building in the country. Leveraging technology and advanced materials to minimize our impact on the environment, while creating a positive work environment for our employees, is consistent with our values as a firm and indicative of our strong commitment to being a socially responsible corporate citizen,” Casady added. Hines Senior Managing Director Paul Twardowski said, “It was a pleasure collaborating with LPL Financial to push the sustainability envelope. Such collaboration has resulted in an extremely effective business solution that we are confident will bring significant value to LPL Financial investors, clients and employees for years to come.” About LPL Financial LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation’s largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), an RIA custodian, and an independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,600 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports approximately 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have more than 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com. Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, member FINRA/SIPC. About Hines Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, masterplanned communities and land developments. Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties. In the Greenspoint area, Hines and the GM Pension Plans own approximately two million square feet of office and retail space. With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information. LPL Financial and Hines are not affiliated entities. Connect with Us! Listen: LPL Financial On The Air LPL Financial Media Contact Tony Vignieri (858) 909-6698 [email protected] LPLA-C Member FINRA/SIPC MKT-0035-0314 Photography LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 To request photos of the new LPL Financial Office Tower, please contact Tony Vignieri at [email protected]. Member FINRA/SIPC MKT-0038-0314 Embracing Sustainability and Wellness LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 LPL’s new San Diego office tower is believed to be the largest commercial net-zero energy building in the U.S. 66% more efficient than the median office building Energy meters on each floor to measure and adjust use Sit-or-stand ergonomic workstations 5,790 LED lights Saves $38,000 annually in energy costs No maintenance for 15 years 88% of the water will be reclaimed and reused (2.5 million gallons) Saves $10,000 annually $ 300,000 Electric vehicle plug-ins annual savings in electricity costs Powered by three fuel cells (500kW) Member FINRA/SIPC MKT-0035-0314 Fact Sheet and FAQs LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 Fast Facts 13 Floors / 420,00 square feet / 1,900 employees LEED Platinum certification (pending) ® Believed to be one of the largest net-zero commercial office buildings in U.S. • Powered by three fuel cells (500 kW) • Energy meters on each floor to measure and adjust energy use $300,000 annual savings in electricity costs due to fuel cells 66% more efficient than the median office building 88% of the water (2.5 million gallons annually) will be reclaimed and reused • Saves $10,000 annually Four (4) electric vehicle plug-ins Sit-or-stand ergonomic workstations in each space 5,790 LED lights • Saves $38,000 annually in energy costs • No maintenance for 15 years FAQs What is the building size, and how many employees will move into the new location? The office tower, located at 4707 Executive Drive, is 420,000 square feet and has 13 floors with two levels of parking underneath. Currently, there are 1,600 LPL employees spread out among seven LPL buildings in the Eastgate/UTC submarket of San Diego. This will bring all employees together in one location. What areas were specifically addressed in the design phase of the building? The focus was to build an environmentally friendly workplace that would be reflective of our employees’ values and work styles. With that in mind, the building design was guided by four pillars: Sustainability, Health and Wellness, Connectivity, and Flexibility. This design is under consideration for LEED ® Platinum certification, which is the U.S. Green Building Council’s (USGBC) highest standard for environmental design. Who are the key partners in the project? CresaPartners – Brokerage advisory and tenantimprovement project management Whiting-Turner Contracting Co. – General contractor Hines Interests Limited Partnership – Developer and co-owner General Electric – Lighting provider J.P. Morgan Asset Management – Co-owner AECOM – Architect for building core and shell Carolina Business Interiors and Workrite Ergonomics – Furniture provider Gensler – Architect for interior improvements San Diego Gas & Electric – Utility firm Bloom Energy – Fuel-cell provider continued on next page Member FINRA/SIPC MKT-0038-0314 Fast Facts and FAQs, continued What was the construction duration? Construction for the core and shell commenced in April 2012, and was substantially complete on November 8, 2013. It is believed that this is the largest commercial net-zero office building in the United States. How is that so? On an annual basis, a building will produce at least as much power as it consumes, and will be carbon neutral. At La Jolla Commons, LPL will utilize three fuel cells, totaling 500 kilowatts (kWs), to convert methane gas to electricity. The three fuel cells will generate 4.3 million kW hours every year. However, the building is projected to use only 2.9 million kW hours per year. The excess 1.4 million kW hours will be distributed to San Diego Gas & Electric (SDG&E). The fuels cells onsite provide enough electricity to power 750 San Diego homes. How about the natural gas used to power the fuel cells? Biogas will be injected into the natural gas pipeline. Biogas is a methane-rich gas resulting from natural decomposition that can be drawn from such places as wastewater treatment plants and landfills. Capturing and using this renewable resource keeps it from turning into greenhouse gas emissions, furthering LPL’s sustainability goals and fulfilling an important net-zero requirement of carbon neutrality. The result is that we’re introducing a 420,000-square-foot building that will serve our 1,900 employees without creating new greenhouse gas emissions normally associated with the provision of power to a building. How much will the company save in energy costs? Energy meters will be used throughout the building to monitor and measure usage. Estimates are that approximately $300,000 will be saved yearly in electricity costs due to the incorporation of fuel-cell technology. Additionally, surplus power will be pushed back to the electrical grid. Will the entire building have LED lighting? Yes, General Electric LEDs will light all offices, hallways, conference rooms and meeting spaces—a total of 5,790 LEDs throughout. The General Electric LED lighting products will save LPL an estimated $38,000 per year in energy costs. The LEDs feature automatic dimming capabilities when sufficient natural light is available, as well as sensors that will automatically turn off lights in unoccupied offices and meeting spaces. Additional savings come from the fact that the LEDs are maintenance-free for the first 15 years. What about water usage in the building? Annually, nearly 2.5 million gallons—about 88% of the water used in the building—will be reclaimed water, which will be used for irrigation, for flushing water closets and urinals, and as process water used in the cooling towers. The annual savings from reclaimed water is expected to be approximately $10,000 per year. What are some of the other sustainability features of the building? Highly recycled content materials were used in the building’s construction. All utensils and supplies in the building are biodegradable. Employee-focused sustainability programs include carpooling, charging stations for electric vehicles, recycling and composting. continued on next page Member FINRA/SIPC MKT-0035-0314 Fast Facts and FAQs, continued The building is all glass. Won’t that create higher internal building temperatures, especially in sunny San Diego? The building features insulated, double-paned glass with low e-coating to minimize heat gain while increasing natural light. Additionally, the building’s glass exterior combined with the layout of interior walls allows more natural light to penetrate every workspace, which has been credited with improving employees’ moods and productivity. How about the building’s indoor air quality, especially with such a “tight” building? As with many office buildings, one room is too hot, the next too cold. This problem has been solved through the use of an under-floor air-distribution system with diffusers that can control the flow of air into an office or work space. This gives employees the ability to adjust the air flow customized to their comfort level. Underfloor air distribution also reduces electrical consumption since the system is more than 50% more efficient than conventional ducted-air distribution. Additionally, the building’s ventilation system circulates outside air into the building to improve the quality of indoor air. And, to keep indoor air quality high, LPL is only using products deemed to have low measures of Volatile Organic Compounds (VOC). Furniture consultants and ergonomists were used to create the optimal work space. What was the end result? The focus was to create a work space that would accommodate any employee’s work style. As a result, we developed customized ergonomic furniture that can be raised or lowered at the touch of a button to allow sitor-stand capability. All employees will receive a review from an ergonomist with recommendations on how to set up and individualize their desks to create a healthy work space. How about health and wellness at La Jolla Commons? The first floor will feature a health and fitness center with a certified onsite wellness manager. Each floor will have a wellness room reserved for nursing mothers or employees with health issues. Later in the year, a health clinic will open in the building. The cafeteria, located on the main floor, will offer healthy food options, and all vending machines will be filled with healthy snacks. For employees who choose to bike to work, there are secure and convenient storage areas for bicycles. How is the building set up for connectivity and technology? In addition to wireless access that’s available throughout the building, there is follow-me-printing technology that allows employees to print documents on any printer, on any floor. Enhanced presentation and videoconferencing capabilities will be on all floors, and will include simple and easy-to-use video conferencing for both small and large teams. A video broadcast studio, located on the 13th floor, will be equipped with both in-house cameras and editing equipment. Voice-over Internet Protocol (VoIP) is available to give employees additional flexibility for phone services, allowing them to work outside of their usual work space. And, each floor will feature adjustable soundmasking technology, which creates white noise to reduce distractions and improve privacy for conversations. Member FINRA/SIPC MKT-0035-0314 Corporate History LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 LPL Financial Corporate History LPL Financial was formed in 1989 through the merger of two small brokerage firms, Linsco and Private Ledger, both established in 1968. By merging these two companies, the founders of LPL Financial sought to create a trusted alternative to Wall Street firms, one in which financial advisors could build highly competitive businesses while always doing what is right for their clients. In 2005, LPL Financial sold a 60 percent ownership stake to investment funds affiliated with two private equity partners, Hellman & Friedman LLC and TPG Global LCC, both strongly committed to maintaining the independence of the firm. In November 2010, the parent company of LPL Financial, LPL Financial Holdings Inc., first became publicly traded on NASDAQ under the symbol LPLA. LPL Financial is committed to remaining a trusted and unbiased resource for our advisors and their clients. The financial services industry, markets and world are changing fast, while people are living longer and facing more complex financial needs. At the same time, investors are increasingly seeking to partner with advisors who offer unbiased guidance to help them face today’s financial planning challenges. These factors mean that providing Americans with independent investment advice has never been more important than it is today. Since those early days when the company was founded in 1989, LPL Financial has grown to become the largest independent broker/dealer in the country (based on total revenues, Financial Planning magazine, June 1996–2013), supporting more than 13,600 financial advisors and approximately 700 financial institutions. LPL also supports more than 4,500 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have more than 3,000 employees with primary offices in Boston, Charlotte, and San Diego. Member FINRA/SIPC MKT-0038-0314 Executive Bios LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 Mark Casady Mark Casady is chairman of the board and chief executive officer of LPL Financial, which he has guided to become a leading financial services organization serving independent financial advisors, banks and credit unions; and providing clearing services to broker/dealers at financial services companies. Before joining LPL Financial in 2002, Mr. Casady was managing director of the mutual fund group for Deutsche Asset Management, Americas— formerly Scudder Investments. He joined Scudder in 1994 and held roles as managing director, head of the Global Mutual Fund Group, and head of Defined Contribution Services. He was also a member of the Scudder, Stevens and Clark board of directors and management committee. Prior to Scudder, he held roles at Concord Financial Group as institutional sales manager, and at Northern Trust as vice president of investments and head of global custody operations in its London office. Robert Moore Robert Moore serves as president of LPL Financial and leads the Advisor and Institution Solutions business unit. After joining the company in 2008 as CFO, he transitioned to the role of president in 2012 to lead key areas of the company focused on business development, existing advisor growth, and enhancing client satisfaction. Prior to LPL Financial, Mr. Moore served as chief executive officer and chief financial officer at ABN AMRO North America and LaSalle Bank Corporation; and Diageo PLC, Europe and Great Britain, in a number of finance management positions, ultimately serving as chief financial officer. Mr. Moore is the vice chairman of the Insured Retirement Institute (IRI) board of directors, a member of the board of the Securities Industry and Financial Markets Association (SIFMA) and a member of the Financial Services Roundtable. He is also on the University of Texas at Austin Development Board and is an independent director of Legal & General Investment Management America Co. continued on next page Member FINRA/SIPC MKT-0038-0314 Executive Bios, continued Sallie Larsen Sallie Larsen is managing director, chief human capital officer, for LPL Financial, with responsibility for overseeing Compensation & Benefits, Corporate Communication, Human Resources, Mail Services, Organizational Development & Training, Payroll, Real Estate & Facilities, and Talent Acquisition. She is focused on developing the human capital systems and resources that create a satisfying work environment, helping employees internalize and embrace the company’s values and mission, and building a learning culture that encourages ongoing professional development. Ms. Larsen joined the organization in 2012 with more than 25 years of human resources experience. Earlier, she worked as chief human resources officer at the Federal Home Loan Bank/Office of Finance, where she was recognized for helping to give employees a clearer voice, expanding employee development opportunities, and supporting improved internal communications. She also led her business unit through a pivotal time of change—she has worked with the CEO and the board of directors on human resources strategy and corporate governance, modernized the company’s HR infrastructure, built a new competency model to support cultural change, and moved to an online performance management system tied to a suite of online learning resources. Member FINRA/SIPC MKT-0035-0314 Partner Summaries LPL Financial Tower II at La Jolla Commons • 4707 Executive Drive, San Diego, CA 92121 About SDG&E San Diego Gas & Electric is a full-service utility providing electricity and natural gas to 3.4 million consumers across 4,100 square miles from Orange County to the Mexican border. SDG&E offers financial incentives to building owners for adopting energy efficient designs and technologies through its Savings By Design program. As a participant in SDG&E’s Savings By Design program, LPL Financial will receive incentives for using LED lighting throughout the building as well as a state-of-the art kitchen exhaust system. Manufactured by Halton, the new kitchen exhaust system uses variable speed fans connected to advanced sensors that monitor real-time cooking activities to optimize fan operations throughout the day. Energy savings of almost 70% compared to conventional systems are achievable with these technologies About Hines Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties. In the Greenspoint area, Hines and the GM Pension Plans own approximately two million square feet of office and retail space. With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information. About Bloom Energy Bloom Energy is a provider of breakthrough solid oxide fuel cell technology generating clean, highly-efficient on-site power from multiple fuel sources. The company was founded in 2001 with a mission to make clean, reliable energy affordable for everyone in the world. Bloom Energy Servers are currently producing power for many Fortune 500 companies including Google, Walmart, AT&T, eBay, Staples, The Coca-Cola Company, as well as notable nonprofit organizations such as Caltech and Kaiser Permanente. The company is headquartered in Sunnyvale, CA. For more information, visit www.bloomenergy.com. continued on next page Member FINRA/SIPC MKT-0038-0314 Partner Summaries, continued About GE Lighting GE Lighting develops energy-efficient solutions that change the way people light their world in commercial, industrial, municipal and residential settings. A pioneer in lighting, GE was responsible for the world’s first visible LED more than 50 years ago and remains on the forefront of LED innovation. The company has released inspired LED products for both residential and commercial settings, from the first ENERGY STAR® -qualified A19-shaped LED bulb to LED street lighting that illuminates cityscapes the world over. GE’s products include reveal® and Energy Smart® consumer brands, and Evolve™, GTx™, Immersion™, Infusion™, Lumination™, Albeo™ and Tetra® commercial brands, all trademarks of GE. About Cresa Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Corporate Solutions, Site Selection, Lease Administration, Capital Markets, Mission Critical Solutions, Relocation Management, and Facilities Management. With more than 58 offices, Cresa is the largest tenant representation firm in North America. LPL Financial and the listed partners are not affiliated entities. Member FINRA/SIPC MKT-0035-0314 For more information on LPL Financial and our new building, please contact: Betsy Weinberger Senior Vice President, Public Relations Tel: (858) 909-6845 [email protected] Tony Vignieri Vice President, Public Relations Tel: (858) 909-6698 [email protected] LPL Financial 4707 Executive Drive, San Diego, CA 92121 Member FINRA/SIPC MKT-0038-0314