The move puts him on the other side of the table at the independent broker/dealer LPL Financial, where he served as president until 2015.
The testimony before the Senate Committee on Banking, Housing and Urban Affairs is likely to be Clayton's final appearance in Congress before leaving his role as SEC chair by year-end.
Tom Van Horn, with experience dating back to portfolio management provider FinFolio, joins Magnifi.
Lido’s purchase from First Western Financial builds out its investment offerings and services to clients.
