Advisors who want to retire, or free themselves from the admin of running a business, now have a new option.
LPL Financial has launched a program that enables advisors to monetize the business they have built and retire, or free themselves from the responsibilities of business ownership to concentrate on working with clients.
The Liquidity & Succession offering provides a way for advisors to sell their practice but maintain their brand, investment philosophy, and client service model. It has been available to LPL’s existing advisors for the past year and is now open to independent advisors, whether they are affiliated or not.
“As their business grows managing the day-to-day business operations can keep advisors from being able to focus solely on their clients,” Jeremy Holly, executive vice president of strategic business development, said in a statement.
The program is aimed at those advisors that plan to retire within three to seven years — estimated to be a significant cohort — although this is not set in stone, meaning that those at any stage of their business journey can be considered.
“Advisors who are nearing retirement are paired with other, philosophically aligned, independent advisors to help provide clients with a similar experience and seamless transition,” said Jared Fingeret, senior vice president of liquidity and succession in the strategic programs unit.
LPL says it offers competitive valuations and a transparent payout structure to provide advisors with a good monetization option for the business they have built. Its support services and solutions help advisors offload business operating duties and provides strategies for the next phase of their business.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
