The broker-dealer firm is looking to step up its efforts in dealing with legislators, industry groups and regulators by opening a new office in the city.

US broker-dealer firm LPL Financial, a wholly-owned subsidiary of LPL Financial Holdings, has created an office in Washington, DC, for its government relations team who engage with industry groups, legislators and lawmakers.

The development highlights how financial firms, facing rising compliance burdens and legislative challenges, are trying to put their case to legislators and other players.

“The work of our government relations team is one important way LPL demonstrates its commitment to ensuring all Americans have access to independent financial advice,” said David Bergers, LPL general counsel and managing director of legal and government relations.