Our goal is to foster an inclusive environment where everyone feels they can contribute to their best work, allowing us to better serve our clients and each other.- Michelle Oroschakoff, Managing Director, Chief Legal & Risk Officer
Diversity and inclusion are more than business imperatives or human resources initiatives for LPL. They’re essential in harnessing the power of different ideas, backgrounds, and perspectives to drive growth, foster innovation, and create business value throughout our organization and industry.
Our vision is to continue to be among the nation’s best independent brokers/dealers — and the most inclusive place for financial professionals in the industry. From recruitment and training to strengthening our culture of inclusiveness for financial professionals and employees, we’re making this vision a reality.
Today’s investors are multi-generational, multi-cultural, include members of the LGBT community, have served our country, and more. All deserve access to objective financial advice.
To reflect this diverse marketplace, we’re strengthening our focus on attracting, developing, and collaborating with an equally diverse range of financial professionals. That includes creating resources to help them grow their businesses by connecting with a wide array of investor groups.
We also launched the LPL Advisor Inclusion Council (AIC), comprised of a diverse group of representatives from financial firms and institutions, along with LPL leaders. They’re contributing to solutions for three primary goals:
In addition, programming on investor and financial professional diversity is increasingly a highlight at Focus, LPL’s annual financial professional conference. Our diversity and inclusion video series, Around the Table, also has proven effective in providing important insights from financial professionals dealing with diversity and inclusion issues on the frontlines.
Attracting and retaining a workforce that reflects the diversity of the communities in which we live and work continues to be a primary focus at LPL. Just as important is ensuring that we provide a welcoming, inclusive workplace for all.
We aspire to maintain a culture that supports, inspires, and respects everyone. We encourage all employees to participate in LPL’s overall success, whether through individual talents and skills, suggestions for better ways of doing things, or other contributions they choose to make.
Among the ways LPL fosters diversity and a culture of inclusivity is through our Employee Resource Groups (ERGs). ERGs bring together employees who share common interests and experiences.
To support professional development, as well as employee and community engagement, LPL’s ERGs sponsor a variety of events. They include seminars, guest speakers, meet-and-greets, and charitable activities. LPL employees can join existing ERGs or create new ones. Currently, over 30% of LPL’s employees belong to at least one ERG.
Current ERGs include:
Throughout the year, we also use podcasts, articles, and other materials and events to exchange ideas and perspectives. In addition, we take advantage of national awareness campaigns to learn about various cultures and ideologies.
From African American History Month, Women’s History Month, and Hispanic Heritage Month to National Pride Month and National Diversity Awareness Month, we celebrate the contributions of various groups, learn to overcome biases and break down barriers, and strengthen our resolve to keep doing more.
Learn more about our commitment to diversity and inclusion
Our diversity and inclusion efforts are important in supporting our network of financial professionals and helping to make objective financial guidance available to everyone.