LPL Financial has introduced a financial planning service for use by its affiliated and employee representatives.
The firm’s new Paraplanning Services team will work with advisers to learn about their clients’ needs. Then paraplanners will gather and input data into financial planning software, such as eMoney, WealthVision, MoneyGuidePro and Right Capital, to generate insights and provide advisers with a financial plan for their clients.
“This plan becomes the guide for advisers and their clients, with plan maintenance available on an annual basis,” the company said in a release.
Aneri Jambusaria, executive vice president of planning and advice services at LPL, said in the release that 150,000 LPL advisers now offer financial planning services to clients and another 20,000 are expected to add such services over the next three years.
Elsewhere, Wells Fargo Advisors adds a $400 million Morgan Stanley veteran in Naples as an ex-Cetera advisor goes independent with LPL
According to a federal charges Bradley Heppner, 60, received more than $150 million in payments through funneling money from GWG Holdings to a shell company.
A $1B fund allegedly skimmed 30% off the top, then swapped cash for locked-up stock.
Insiders allegedly rewrote projections three times in four days.
TCI Wealth Advisors also has also tapped JIFFYAI to unify onboarding and servicing, while TradePMR adds ICE market data to its Fusion advisor platform
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