LPL adds new reporting tool to ClientWorks

Client Goals will track an investor's progress toward financial goals

Feb 7, 2019 @ 4:53 pm

By Ryan W. Neal

The latest addition to LPL Financial's ClientWorks technology platform is Client Goals, a tool that lets advisers create personalized reports for clients and prospects.

The new technology, developed in partnership with Fiserv, examines the funding percentage and probability of success for a client's financial goals. Advisers can then use Client Goals to test how various scenarios would affect clients' progress toward achieving those goals

Client Goals connects with LPL's client portal, AccountView, to provide reports to clients on their progress toward their financial goals.

Burt White, LPL's managing director of investor and investment solutions, said Client Goals is designed to help advisers drive conversations and actions around goals.

"We believe the best technologies are those that help deepen human connection," Mr. White said in a statement. "This capability, on the heels of the new proposal generation tool launched last week, form the first integral pieces of the adviser solution set that will help advisers develop stronger client relationships, increase efficiency and drive their business forward."

LPL was unable to provide additional comment.

The firm isn't the only financial institution using technology to help advisers focus more on achieving their clients' goals than on investment performance. Cetera and Morgan Stanley have also made client goals and financial plans a critical part of their next-generation adviser technology platforms.

(More: Financial planning could help advisers retain client assets through a bear market)

Client Goals is available now on ClientWorks for all LPL advisers at no additional cost.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

Why a #MeToo story about the financial advice industry was important to do

Reporter Greg Iacurci and editorial director Fred Gabriel discuss the survey behind our cover story on sexual harassment in the workplace.

Video Spotlight

We started as a boutique firm with huge ambitions. Schwab was a perfect fit.

Sponsored by Schwab Advisor Services

Recommended Video

Keys to a successful deal

Latest news & opinion

10 millennials making their mark in Washington — and beyond

These next-generation leaders are raising their voices and gaining influence over financial advice regulation and legislation.

10 highest paid professions in America today

These are the top-paying jobs in the U.S., according to Glassdoor.

Former Merrill Lynch star broker Thomas Buck sentenced to 40 months in prison

He pleaded guilty to securities fraud in 2017; charged clients excessive commissions.

Rules for claiming Social Security at 70

Some individuals' benefits will begin automatically; others have to take action.

Bills would allow employers to help workers pay off student debt, tax-free

Tackling growing loan burdens sparks bipartisan interest on Capitol Hill.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print