LPL Financial has launched what it calls its Assurance Plan to protect the value of an adviser’s business in the event of the adviser’s death, permanent disability or other unplanned exit from the business.
In the case of such an event, LPL said its plan will provide a guaranteed, predetermined minimum purchase price based on a multiple of the adviser’s recurring revenue.
LPL said it also will facilitate the sale of the adviser’s business to another qualified LPL adviser, commission-free, which can provide additional proceeds above the guaranteed amount to the adviser or his or her family.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
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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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