New LPL Program Helps Advisors Take Short-Term Leave
The program provides client-service coverage for up to nine months of family and medical leave.
LPL Financial has launched a program that gives advisors client-service coverage when they take up to nine months of time off for family, health or other personal reasons.
The plan provides them with access to LPL’s team of licensed financial representatives, who can handle account management, trading support and annual reviews.
“More than ever, we see a critical need to support the ongoing health and well-being of our advisors. Through our Resilience Plan, we aim to do exactly that: provide advisors with access to LPL’s dedicated team of professionals, who can offer interim support to help ensure advisors have a strong practice to return to following a family or medical leave,” said Matt Enyedi, head of LPL’s Business Solutions unit, in a statement.
The program, for instance, helps “new parents looking to take maternity and paternity leave [by giving them] the peace of mind and the security of knowing their business and their clients are being well-cared for during their leave,” Enyedi explained.
The independent broker-dealer says the Resilience Plan is the seventh offering from its Business Solutions team.
LPL works with some 18,000 financial advisors and 450 RIAs. As of March 31, its total asset base was $950 million.