LPL Financial Retirement Partners Expands Tool Suite Offering to Plan Advisors

BOSTON, Oct. 11, 2011 /PRNewswire/ -- LPL Financial Retirement Partners has released an enhanced version of its Tool Suite package, including a new Lineup Comparison Tool component to pre-qualified, retirement plan-focused financial advisors. LPL Financial Retirement Partners is a division of LPL Financial that focuses on serving the brokerage and practice management needs of independent retirement plan advisors.

The LPL Financial Retirement Partners Tool Suite is one of the retirement-plan industry's leading systems of tools and resources that plan advisors can use to manage and drive growth in their businesses. It incorporates, with a unified look and feel, all the technology, functionality, training and support that plan advisors need to serve plan sponsors, from conducting plan provider and investment manager searches and monitoring fiduciary responsibility, to communicating with plan sponsor clients through a highly customized interface that helps them manage all aspects of their retirement plan relationships, completing regular due diligence and identifying new retirement plan opportunities.

As part of this powerful collection of tools, LPL Financial is also releasing a Lineup Comparison Tool available as an additional module. The tool allows advisors to compare performance and comprehensive expense information for up to five retirement plan lineup options in side by side format.  The reports are in a concise, straightforward presentation format, allowing both advisors and plan sponsors to quickly identify the strengths and weaknesses of fund options.  

"These fully automated tools allow us to provide clients with best-in-class retirement plan solutions and services right from the desktop," said Larry Deatherage, PRP®, AIF®, Principal of the Retirement Benefits Group in San Diego, CA. "They're amazingly powerful, and have helped our practice become more efficient and productive. Because they were built by advisors for advisors, they combine robust data with deep insight and an in-depth understanding of the specialized needs of retirement plan sponsors and their employees," he added.

"The expansion of the LPL Financial Retirement Partners Tool Suite is the culmination of our integration with National Retirement Partners ("NRP") and an expression of our focus and commitment to the retirement plan industry," said Bill Chetney, executive vice president of LPL Financial Retirement Partners. "In keeping with our business model, we look forward to collaborating closely with our advisors to bring future enhancements and improvements to the Tool Suite, which offers benefits and services that are unmatched in the industry."

About LPL Financial

LPL Financial, a wholly owned subsidiary of LPL Investment Holdings Inc. (NASDAQ: LPLA), is an independent broker-dealer.  LPL Financial and its affiliates offer proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to over 12,600 financial advisors and approximately 750 financial institutions.  Additionally, LPL Financial supports over 4,000 financial advisors who are licensed with insurance companies with customized clearing, advisory platforms and technology solutions.  LPL Financial and its affiliates have approximately 2,700 employees with offices in Boston, Charlotte, and San Diego.  For more information, please visit www.lpl.com.

Securities offered through LPL Financial. Member FINRA/SIPC

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LPL Financial Media Contacts
Michael Herley
Kekst and Company
(212) 521-4897
[email protected]

SOURCE LPL Financial