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.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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