LPL Financial Announces Paid Time Off Policy for Voting

CHARLOTTE, N.C. – Nov. 06, 2019 – LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced the firm will implement a new policy that will allow all LPL employees paid time off to be able to vote, effective early 2020 ahead of the presidential primaries.

With offices based in three states, as well as remote employees across the country, the new policy will provide all LPL employees with the opportunity to exercise their civic duty regardless of where they live.

LPL’s Government Relations team and the firm’s African American Employee Resource Group championed the policy to help employees with work/ life balance and to strengthen local communities by increasing voter participation. The policy will apply to all elections: local, state and national.

“LPL is committing to make voting easier and less stressful for our employees,” said LPL Executive Vice President Peggy Ho, head of the firm’s Government Relations team and chief of staff to the chief legal officer. “As the daughter of immigrants, I understand the privilege and the power of voting in America. I am thrilled to have played a role in creating a policy that enables more people to exercise their rights.”

The announcement comes exactly one year before the 2020 presidential elections, which is predicted to have the highest level of voter turnout in decades. The policy, Ho said, is nonpartisan and supports democracy, not candidates or issues.

LPL joins a growing number of companies working to enable and encourage employees to vote. According to a survey from Society for Human Resource Management, 44 percent of U.S. employers offered their workers paid time off to vote in 2018.

Lean more about how LPL’s Government Relations supports financial advisors and their clients through advocacy work.

About LPL Financial

LPL Financial is a leader in the retail financial advice market and the nation’s largest independent broker-dealer*. We serve independent financial advisors and financial institutions, providing them with the technology, research, clearing and compliance services, and practice management programs they need to create and grow thriving practices. LPL enables them to provide objective guidance to millions of American families seeking wealth management, retirement planning, financial planning and asset management solutions.

*Based on total revenues, Financial Planning magazine June 1996-2019