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.
With a fifth of RIA firms using AI to create marketing content, one leading voice argues a clear identity and focusing on clients will be crucial to success.
LPL Financial is a bellwether for the broader financial advice marketplace.
The San Francisco-based startup's Series A funding, with support from Schwab and Edward Jones Ventures, will reinforce its role in the coming $124 trillion wealth transfer.
The quartet of deals across New York, Florida, Ohio, and New Mexico reinforces the fast-growing integrator's leading position in the independent space.
UBS and Wells Fargo have made their own additions in the Northeast, including a Massachusetts duo defecting from Commonwealth.
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.
