An LPL Financial sign in San Diego
LPL Financial on Tuesday announced its new Military Deployment Practice Continuation Program, a support effort designed to help eligible LPL‑affiliated financial advisors who serve in the U.S. Armed Forces maintain their practices when they are called to active duty.
When advisors enter active military service, the Financial Industry Regulatory Authority designates them as inactive under its Active Military Leave policy, temporarily pausing certain registration requirements. LPL's new program provides a structured, turnkey approach during this period to help ensure clients continue receiving consistent, uninterrupted service throughout an advisor's deployment and up to 90 days after their return.
The program allows advisors to designate a qualified continuity partner or LPL itself to support their book of business while they are deployed. During the deployment, advisors will continue to receive revenue through an agreed‑upon percentage split, LPL said.
"Financial advisors who answer the call to serve their country should not have to choose between fulfilling their military duty and protecting the future of their practice," Jeremy Holly, LPL Capital Partners executive vice president, said. "Our Military Deployment Practice Continuation Program provides clarity, structure and continuity — for advisors, their clients, and the partners who support them — during what can be an incredibly challenging transition."
The program outlines operational steps and protections, as well as support for returning to active status with FINRA after deployment, and aligns with LPL's broader continuity‑planning framework, the company said.
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