The LPL Government Relations team represents the largest independent broker/dealer in the United States, supporting more than 16,000 financial professionals and 700 financial institutions. We believe that all Americans should have the
ability to receive objective financial advice and are committed to ensuring access to resources that give everyone the
capability to save for their future.
Our team works to build and strengthen relationships with federal and state legislators and regulators, so that we can serve as a ready resource for policymakers on questions related to our business. We proactively seek opportunities to
help government leaders understand the value of objective financial advice, allowing us to explain how LPL provides the
tools and services necessary for our financial professionals to take care of their clients.
LPL is focused on the following policy initiatives:
ENGAGING PROACTIVELY WITH POLICYMAKERS TO PROMOTE A BEST INTEREST STANDARD OF CARE THAT ENSURES AFFORDABLE ACCESS TO FINANCIAL GUIDANCE AND ADVICE
We will continue to work with policymakers at the federal and state levels to promote rules establishing a harmonized best interest standard for the financial services industry, while ensuring that investors maintain access to all available financial services.
Read LPL’s Position Statement
PROMOTING LEGISLATION AND REGULATION THAT ENABLES THE EFFECTIVE DELIVERY OF OBJECTIVE FINANCIAL ADVICE
We will engage with policymakers at the federal and state levels to promote thoughtful financial regulation that preserves access to financial advice while managing industry risk and protecting individual investors.
Our focus areas in 2018 will also include anti-money laundering rules, cybersecurity issues, rules relating to the Consolidated Audit Trail, and data privacy protection.
ADVOCATING FOR THOUGHTFUL POLICIES TO PROMOTE SENIOR INVESTOR PROTECTION
LPL is committed to identifying and advancing solutions to protect senior and vulnerable adult investors from exploitation and fraudulent practices. We will collaborate with policymakers and industry partners at the federal and state level through advocacy and thought leadership to promote and support laws and regulation that will enhance protection of senior and vulnerable adult investors.Read LPL’s Position Statement
PRESERVING AND ENHANCING INCENTIVES FOR RETIREMENT SAVINGS
We will engage with Congress to advocate for the preservation and enhancement of incentives for retirement savings. Tax incentives are a critical motivator both for the individual investor and employers who want to offer retirement savings plans.
Read LPL’s Position Statement on Enhancing Retirement Security in the United States
PROTECTING THE INDEPENDENT BROKER/DEALER MODEL
We will continue our discourse with Congress to protect the independent contractor status for financial advisors.
Read LPL’s Position Statement
PROMOTING THOUGHTFUL DATA SECURITY AND PRIVACY LEGISLATION
Our focus areas in 2019 will include concerns regarding anti-money laundering rules, cybersecurity, legislation relating to the Consolidated Audit Trail (CAT), and data privacy protection.
Read LPL’s Position Statement
