LPL Financial launches a solution protecting the self-employed
CHARLOTTE, NC, July 15, 2021 (GLOBE NEWSWIRE) – LPL Financial LLC today announced the launch of its Resiliency Plan, a new LPL business solution that provides advisors with customer service coverage during a short time off. duration. The plan provides professional support from LPL’s in-house team of Chartered Financial Representatives covering a range of services, including account management, business support and annual reviews, in the event that an advisor takes time off. for family, medical or personal reasons.
“More than ever, we see a critical need to support the continued health and well-being of our advisors. Through our Resiliency Plan, we aim to do just that: provide counselors with access to LPL’s team of dedicated professionals, who can offer interim support to help ensure counselors have a solid practice to return to. following family or medical leave, ”said Matt Enyedi, LPL Financial Managing Director, Business Solutions. “The Resilience Plan provides financial advisors, including new parents who want to take maternity and paternity leave, the peace of mind and security of knowing their business and clients are well taken care of while on leave.” .
Support while on temporary leave is essential for everyone, but can be especially difficult for those who are self-employed or sole proprietors, like many financial advisors. LPL’s Resilience Plan allows advisors to focus their full attention on their family at a critical time without sacrificing their business or clients.
Business continuity support for the small business owner
The LPL Resilience Plan has been designed for financial professionals who wish to take short-term leave for family or medical reasons, up to nine months. It can be used in a variety of circumstances including parental leave, personal illness, injury, or to care for family. As part of this plan, LPL helps maintain some of the most important aspects of an advisor’s client service, with no waiting period or exclusion for pre-existing conditions.
Advisors participating in the resilience plan have the opportunity to review their business and customer needs with LPL’s internal team, who will notify customers of the temporary change in service. After the advisor’s discharge, the LPL will be removed from client accounts, ensuring a seamless transition of advisory services every step of the way.
The Resilience Plan is the seventh offering from LPL Business Solutions, a suite of services that provides advisors with dedicated specialists to help them run their businesses, manage exceptional practices and meet the growing needs of their clients. Learn more about LPL’s resilience plan and business solutions.
About LPL Financière
LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the premise that the company should work for the adviser, not the other way around. Today, LPL is a leader * in the markets we serve, supporting more than 18,000 financial advisors, 800 institutional investment programs and 450 independent RIA companies across the country. We are unwavering in our commitment to the advisor-centric model and our belief that Americans deserve access to objective advice from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services and technological resources that allow them to perfectly manage their practice. And they have the freedom to manage their customer relationships because they know their customers better. Simply put, we take care of our advisors so that they can take care of their clients.
* AIR’s main custodian (Cerulli Associates, 2019 US RIA Marketplace Report); # 1 independent brokers in the United States (based on total revenues, Financial Planning magazine June 1996-2020); 1st provider of brokerage services on behalf of third parties to banks and credit unions (TPM Annual Report 2020-2021 Kehrer Bielan Research & Consulting); Fortune 500 in June 2021
Securities and advisory services offered by LPL Financial LLC, an SEC registered brokerage and investment advisor. FINRA / SIPC member.
Throughout this communication, the terms “financial advisers” and “advisers” are used to refer to the registered representatives and / or representatives of the investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
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