LPL Financial launches support program for military-affiliated advisors during deployment
Updated
Updated · Wealth Management · Apr 28
LPL Financial launches support program for military-affiliated advisors during deployment
7 articles · Updated · Wealth Management · Apr 28
The Military Deployment Practice Continuation Program lets advisors in the U.S. Armed Forces designate a continuity partner or LPL to service clients while deployed and for up to 90 days after return.
Over 1,600 LPL-affiliated representatives have military ties. Advisors agree to a revenue split and receive their portion during deployment, with LPL providing guidance on regulatory and operational matters.
Few industry programs support military advisors; similar initiatives include Edward Jones’ FORCES program and Raymond James’ Veteran Financial Advisors Network, both aimed at helping military veterans transition into or sustain financial advisory careers.
Is this new program a genuine lifeline for military advisors or a clever recruitment tool?
While government protections fall short, can corporate programs like LPL's truly fill the support gap?
Beyond business stability, how does this program impact U.S. military readiness and talent retention?
Are deployed advisors' clients truly protected, or does this handover process introduce new risks?
What are the hidden financial costs and revenue splits for advisors who use this program?