LPL furthers commitment to more inclusive financial services industry

LPL furthers commitment to more inclusive financial services industry
The firm has given its support to the National LGBT Chamber of Commerce and the LGBTQ+ advisor business community.
JUL 19, 2023

LPL Financial says that supporting greater diversity and inclusion is not only important for advisors but also to enable better access to financial services for all.

The firm has announced its support for the National LGBT Chamber of Commerce and the LGBTQ+ advisor business community and that it is part of the upcoming 2023 NGLCC International Business & Leadership Conference and awards ceremony which takes place in Denver next month.

Beth Csengody, vice president of advisor diversity and inclusion client communities and sustainability for LPL Financial, says that partnering with organizations like these is helping to build a more inclusive financial services industry for its professionals and clients.

“The marketplace is changing; today’s investors are multi-generational, multi-cultural and multi-dimensional with unique financial needs,” Csengody said. “Members of the LGBTQ+ community face financial challenges all their own, which is why advisors who are part of and/or support the community play an important role in building trust and providing a high degree of comfort and care for those investors and families seeking advice.”

LPL Financial’s own support for LGBT+ employees and their allies comes from its Pride Alliance Employee Resource Group, which enables better connections and a sense of belonging.

ACCESSIBLE FINANCIAL SERVICES

Meanwhile, advisors can access resources to better support clients through its LGBTQ+ Client Community.

One of its active members is Jeremy Gussick, a planner specializing in retirement income planning and investment management for individuals, families and LGBTQ+ singles and couples, and founder of Gussick and Barnett Financial Planning.

Gussick, who is also active in LPL’s Advisor Inclusion Council and is helping to implement LPL's Advisor Diversity, Equity, and Inclusion Program firmwide, explains why it’s important when large firms show their support for diversity and inclusion.

“When Fortune 500 companies like LPL step up to help expand economic opportunities for LGBTQ+ advisor businesses, that commitment and action can help make advice more accessible for the LGBTQ+ community,” Gussick said. “Access to an LGBTQ+ financial professional who understands specific financial needs and situations has the potential to greatly improve financial outcomes, while also creating a welcoming and safe environment for LGBTQ+ individuals and families to engage in important financial planning conversations.”

Latest News

Retirement delays, Social Security fears prompt advisors to rethink income strategies
Retirement delays, Social Security fears prompt advisors to rethink income strategies

Concerns about outliving savings and healthcare costs are reshaping how "Peak 65" Americans and advisors approach income planning.

Merrill Lynch on the hook for $3.7M after clients claimed sale of unsuitable private equity
Merrill Lynch on the hook for $3.7M after clients claimed sale of unsuitable private equity

Some investors recently have seen million dollar plus decisions by FINRA arbitration panels involving complex products decisions go their way.

Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler
Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler

Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.

RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut
RIA moves: Modern Wealth tops $8.5B AUM as Aspen expands in Connecticut

Modern Wealth's latest deal for a California-based fee-only RIA marks its fourth acquisition of 2025.

Empower defends private market access in 401(k)s in response to Warren scrutiny
Empower defends private market access in 401(k)s in response to Warren scrutiny

Sen. Warren has warned of private market investment risks due to opacity, illiquidity, and past regulatory issues.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.