LPL expands retirement plan choices for affiliates

LPL expands retirement plan choices for affiliates
The IBD is offering a multiple-employer aggregate program that affiliates can use with small businesses and start-up plans.
OCT 14, 2021

Advisers affiliated with LPL Financial now have access to an expanded version of a program that provides them with retirement plan administration solutions for small businesses and start-up plans.

The expanded offering, Strategic Market Solution Plus, is a multiple-employer aggregate program that uses Lincoln Financial Group’s record-keeping platform.

“The aggregated support model helps mitigate investment fiduciary risk and creates efficiencies of scale for plan sponsors, reducing the costs and administrative tasks associated with managing retirement plans,” LPL said in a release.

The solution offers Section 3(38) investment management fiduciary services through LPL, while the Retirement Advantage (TRA) offers 3(16) administrative fiduciary services. Sponsors also can opt for payroll services through Paylocity.

Young investors look beyond meme stocks

Latest News

Indie $8B RIA adds further leadership talent amid growth drive
Indie $8B RIA adds further leadership talent amid growth drive

Executives from LPL Financial, Cresset Partners hired for key roles.

Stock volatility remained low despite risk events
Stock volatility remained low despite risk events

Geopolitical tension has been managed well by the markets.

Fed minutes to provide signals on rate cuts
Fed minutes to provide signals on rate cuts

December cut is still a possiblity.

Trump's tariff talk roils markets, political leaders
Trump's tariff talk roils markets, political leaders

Canada, China among nations to react to president-elect's comments.

Ken Leech formally charged by SEC, US Attorney's Office
Ken Leech formally charged by SEC, US Attorney's Office

For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound