Washington DC Fly In

Good afternoon!

It is with great excitement we are reaching out to tell you about our most recent trip – Judy and I had the privilege to travel to Washington DC on May 8th and 9th. Out of the 16,000+ LPL Advisors across the country, we were invited to join 8 additional advisors, along with some of the LPL home office staff, for a fly-in. It was a busy 48 hours, during our time we traveled with the LPL lobbyist throughout DC to meet with the following:

Congressman Josh Gottheimer (D-NJ)

Congressman Bruce Poliquin (R-ME)

Congressman Trey Hollingsworth (R-IN)

Senator Tim Scott (R-SC)

Congressman Juan Vargas (D-CA)

Democratic Whip Steny Hoyer (D-MD)

Congressman French Hill (R-AR) and

Congressman Peter Roskam (R-IL)

Our focus was to spend those two days meeting with both sides of the aisle to hear about the work and efforts they are making, but most importantly to advocate on your behalf. There are a number of current policy initiatives that we specifically were focused on in our discussions on the hill. You can read more information about the specific LPL views below or directly from the lplgovernmentrelations.com website:

ENGAGING PROACTIVELY WITH POLICYMAKERS TO PROMOTE A BEST INTEREST STANDARD OF CARE THAT ENSURES AFFORDABLE ACCESS TO FINANCIAL GUIDANCE AND ADVICE

LPL will continue to work with policymakers at the federal and state levels to promote rules establishing a harmonized best interest standard for the financial services industry, while ensuring that investors maintain access to all available financial services.

During the trip, the chief legal officer from LPL and her chief of staff had a meeting with the SEC to work towards the next solution as the DOL Fiduciary Rule was rescinded. This was the topic Judy had the opportunity to provide testimony back in 2015 for the Ways and Means Subcommittee on Oversight hearing.

ADVOCATING FOR THOUGHTFUL POLICIES TO PROMOTE SENIOR INVESTOR PROTECTION

LPL is committed to identifying and advancing solutions to protect senior and vulnerable adult investors from exploitation and fraudulent practices. We will collaborate with policymakers and industry partners at the federal and state level through advocacy and thought leadership to promote and support laws and regulation that will enhance protection of senior and vulnerable adult investors.

PRESERVING AND ENHANCING INCENTIVES FOR RETIREMENT SAVINGS

LPL will engage with Congress to advocate for the preservation and enhancement of incentives for retirement savings. Tax incentives are a critical motivator both for the individual investor and employers who want to offer retirement savings plans.

We left DC feeling confident hearing how much bipartisan efforts were taking place, despite what might be the focus of today’s news cycles. We continue to find ways to ensure we are taking the best care possible of you and your assets. It is our promise to you to have a voice and advocate for you.

If you have any questions or would like additional information on some of the policies we were advocating for, please do not hesitate to ask. Hoping everyone enjoys their summer! As always, we would love to see pictures of your “Lakeview” whatever they may be!