LPL Financial has launched a new financial planning platform designed to equip its network of advisors with deeper planning capabilities to support client relationships and business growth.
The new tool, WealthVision Essentials, is powered by eMoney and offered at no extra cost to all LPL financial advisors.
The firm said the software enables users to create modular, goal-oriented financial plans and features integration with ClientWorks, LPL’s existing advisor platform.
“We are seeing an increasing demand from clients for sophisticated planning solutions, particularly in the high-net-worth space, and a growing adoption of solutions to better manage volatility,” Aneri Jambusaria, group managing director of wealth management, said in a statement. “That’s why we are committed to equipping every advisor with end-to-end planning solutions to better guide their clients.”
LPL cited internal research indicating that its top-performing advisors are significantly more likely to offer services that extend beyond investment management. Among the top 10 percent of its advisor base, 53 percent offer estate planning, 41 percent provide tax-related advice, 28 percent consult on retirement plans, and 17 percent offer insurance services.
The pressure for advisors to go beyond managing portfolios was also clear to see in new research from Cerulli, which found a majority of advisors expecting to offer more wide-ranging services to high-net-worth clients in the near future. While the fees advisors charge clients have largely held at roughly 1 percent for the last 20 years, advances in technology and a race to the bottom in fees for investment products have chipped away at the value proposition for purely investment-based advice.
“By 2026, 83% of financial advisors expect to charge less than 1% for clients with more than $5 million in investable assets, and the average fee for clients with more than $10 million in assets is expected to be around 66 basis points, representing a slight decrease from current costs,” according to one telling statistic from the report.
According to LPL, WealthVision Essentials offers a mix of planning functionality, client collaboration, and workflow efficiency. Advisors will have access to planning modules that can be deployed for common client needs, along with a client portal for real-time engagement.
In the recent 2025 T3/Inside Information Advisor Tech survey report, WealthVision got a nod from advisors as it was listed alongside Black Diamond, Albridge, and other platforms being considered under the "account aggregation tools" category. eMoney also featured prominently across multiple categories in the report including financial planning and estate planning software.
LPL said the WealthVision Essentials software is set up to support both independent advisors and those affiliated with financial institutions, with the ability to create customized plans to help them stand out from robo-advisors or DIY advice models. The onboarding process to help its advisors use the software is expected to take place throughout the second quarter of 2025.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.
The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.
The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.
Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
