2014

LPL Financial Launches The Rollover Results Program™ For Retirement Plan Advisors, Sponsors and Participants

SAN DIEGO, Calif., May 15, 2012 /PRNewswire/ -- LPL Financial, a wholly-owned subsidiary of LPL Investment Holdings Inc. (NASDAQ: LPLA), today announced the launch of The Rollover Results Program™, a new platform supporting retirement plan advisors, retirement plan sponsors and plan participants that provides advisors with increased opportunities to serve retirement plan rollovers.

The Rollover Results Program™ introduces the Retirement Results Desk, a dedicated specialist group that educates plan participants, expedites rollovers and gives retirement plan-focused advisors powerful new options to grow and strengthen their businesses by serving more of their sponsor clients' separating employees.  This effort is a part of a larger end-to-end worksite platform under development by LPL Financial.

The Retirement Results Desk helps separating employees understand and think through the options available for their 401k balances. When employees decide to start the rollover process, the Desk can open IRA accounts for them, assist with retirement account transfers, provide information on the rollover process and respond to the separating employees' concerns. Throughout the process, the Retirement Results Desk works alongside LPL Financial retirement plan advisors, actively aligning them with opportunities to serve more of their plan sponsor clients' separating employees. 

Equally important, the Retirement Results Desk provides retirement plan advisors with new options to ensure effective service for each separating employee by facilitating partnerships with other skilled advisors within the LPL Financial network.  Plan advisors enrolled in The Rollover Results Program™ can request a list of highly-qualified partnership candidates from the Desk's advisor-matching database, select an appropriate partner, and craft customized partnership agreements on a client-by-client basis.

At the same time, The Rollover Results Program™ aligns the needs of advisors and employers by providing advisors with a robust suite of tools and resources to promote the financial wellness and retirement readiness of retirement plan participants. These financial wellness resources include ready-made, customizable workshops that LPL Financial advisors can present to retirement plan participants, as well as online planning modules and more. 

Bill Chetney, Executive Vice President of LPL Financial Retirement Partners, said, "The Rollover Results Program™ provides valuable new benefits to employers and their employees by giving them more visibility into their retirement options, both in-plan and once they leave the plan. The program also helps our advisors build their businesses by putting them in control of new options for serving sponsor clients' separating employees.  Importantly, the Rollover Results Program™ demonstrates our longer-term commitment to building a range of complementary platforms that not only better enable the delivery of financial advice at the retirement plan level, but also at the employee level."

Larry Deatherage, an LPL Financial-affiliated independent advisor who serves as a Principal at Retirement Benefits Group, a national retirement consulting firm which serves more than 250 plans accounting for over $7 billion in assets, said, "The Rollover Results Program™ will be a powerful new tool for our practice. The program will strengthen our relationships with plan sponsor clients, and gives us multiple options for addressing the needs of individual employees as they move on from sponsors' plans. This is another great example of how LPL Financial is continually working to help its advisors succeed in serving their clients."

Jason Chepenik, an LPL Financial-affiliated independent advisor who serves as Managing Partner for Chepenik Financial, a corporate retirement consulting firm with approximately $1 billion in assets under advisement, said, "I am very excited about The Rollover Results Program™. Now more than ever, plan sponsors are looking for cost-effective opportunities to provide robust benefits to their employees while reducing their own administrative burdens. The Rollover Results Program™ will definitely help my firm expand its opportunities by responding to our clients' needs and more effectively serving this vital segment of clients. It's a win-win-win."

Bill Chetney concluded, "Plan sponsors' needs – and those of their employees – are continuing to evolve. We are pleased to help plan sponsors and their employees achieve their goals through The Rollover Results Program™, while also creating tremendous new growth opportunities for our financial advisors."

About LPL Financial

LPL Financial, a wholly-owned subsidiary of LPL Investment Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2011), a top RIA custodian, and a leading independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,900 financial advisors and approximately 680 financial institutions. In addition, LPL Financial supports over 4,400 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 2,700 employees with headquarters in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

Securities offered through LPL Financial. Member FINRA/SIPC

LPLA-C

LPL Financial Media Contacts
Joseph Kuo / Chris Clemens
Haven Tower Group LLC
(206) 420 3851 or (206) 420 1525
jkuo@haventower.com or cclemens@haventower.com

SOURCE LPL Financial LLC



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