LPL Financial has promoted its director of compliance and brokerage chief compliance officer, Sharyn Handelsman, to managing director.

LPL, a custodian for registered investment advisors, said Handelsman’s promotion was in recognition of the success of the firm’s compliance function under her lead.

Handelsman will continue to report to LPL's chief risk officer and managing director, Michelle Oroschakoff.

Handelsman joined LPL - which has $475 billion in retail assets - in 2010. She was appointed as director of compliance and brokerage chief compliance officer in January 2014, at which time she also assumed responsibility for the combined brokerage and advisory compliance functions within LPL's governance, risk and compliance business. 

Handelsman was previously executive vice president of business risk management for the firm’s GRC function.