Waddell & Reed at LPL

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Career transitions can be tough to navigate—even tougher if you don’t have the information you need to feel confident in your path forward. Your questions are important, and we are committed to getting you answers.

At LPL, we believe in the power of consistent and transparent communication. Our goal is make sure your journey to LPL is as smooth as possible, and to empower you with the knowledge you need to hit the ground running.

Check back here for weekly FAQ updates that address all of your top questions and concerns.

Featured Questions of the Week

Q: As a part of the transition, will we be asked to return to work in the office? 

A: At LPL, our COVID-19 response has always been guided by two principles: protect the safety and wellbeing of our LPL family, and continue to operate the business. 

Based on these principles, we are currently operating as a primarily virtual workforce and do not have plans to bring groups of employees back into our offices at this time. We will continue to monitor the COVID-19 environment—as well as your feedback—and use the data to evaluate this decision every month. We will update you if there is any change to our current plan. If we do decide to bring groups of employees back into our offices, we will provide at least a month notice. In this way, we can remain nimble and flexible for you, and for the business. 

Q: When will I receive a new job description?

A: For the transition period, we don’t expect the job responsibilities for roles supporting the operation of the Waddell & Reed broker-dealer to change. If you join LPL in an ongoing opportunity once the conversation is completed, we’ll discuss your transition into a similar role within LPL at that time.

Q: When do I officially transition to being an LPL employee?

A: For employees who are joining LPL in a transitional or full-time capacity, your pay and benefits with Waddell & Reed will run through the date of close, and your new pay and benefits with LPL will begin the day after close.

If you have a specific question (e.g., a question about parental leave, LPL policies or medical benefits for a member of your family) not covered in the FAQ located on the LPL Microsite, please reach out to [email protected]. We’ll get you the answers within two business days.