LPL offers advisers access to broker-savvy bookkeepers

The bookkeeping service, which aims to boost advisers' efficiency and productivity, follows LPL's offering earlier this year of a paraplanner service.

To help improve the efficiency and productivity of its adviser base, LPL Financial has introduced a service that will pair advisers with industry-trained bookkeepers who understand their business.

“Up-to-date financials and accurate books are essential to making confident business decisions,” Aneri Jambusaria, executive vice president of the LPL services group, said in a statement. “Our new service is designed to save advisers time with accurate reporting conducted by a bookkeeper who is well versed in LPL and wealth management best practices.”

The bookkeeping service will record an adviser’s financial data and provide reporting based on an adviser’s commission statements. The service begins with onboarding, in which processes are established to set the stage for long-term success.

The bookkeeping service complements a paraplanner service LPL introduced earlier in the year, the company said in the release.

[More: Bank platform managing $2.6 billion moves to LPL]