LPL Financial (LPLA) said Tuesday that about 340 of its employees supported projects across the country in May as part of its Serve Days initiative. The 23 projects focused on teaching financial literacy to students, helping women prepare for new careers, landscaping homes in low-income neighborhoods and providing nutritious meals to veterans.
Earlier this month, Baird announced that about 1,300 of its advisors and other associates gave time for volunteer projects in mid-May. And, as part of the firm’s 50th anniversary, Raymond James (RJF) says that it will expand its Raymond James Cares program.
“It was great to see LPL Financial volunteers giving back and working together to make an impact in our community,” said President & COO Robert Moore, who volunteered in San Diego, in a press release. “The camaraderie and spirit shared at the event was a reminder of how good it feels to come together to make a difference in the lives of others.”
LPL also says that it began its Lift People Locally employee-volunteer program during April’s National Volunteer Month in its home-office cities—San Diego, Boston, Cleveland and Charlotte, N.C. In addition, the firm recently launched an Employee Volunteer Center web portal so that employees can sign up for volunteer projects online.
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Along with some other firms in the broker-dealer field, LPL Financial has a Volunteer Time Off program, which provides paid time off for employees who volunteer for charitable organizations in their local communities.
The company’s 2,700 employees can participate in the LPL Financial Charitable Foundation, while the 12,900 advisors affiliated with LPL Financial can join the efforts of Invest in Others, a separate charitable group that encourages advisors to give back to their local communities.
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