Marco "Mick" Hellman, formerly the managing director of a firm that owned a majority stake in LPL Financial, is expected to be elected to the board of the independent broker-dealer. 

When LPL went public in 2010, private equity firm Hellman & Friedman owned more than 60% of LPL stock, along with Texas Pacific Group. Hellman later left his managing director post and founded HMI Capital.

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