Retirement Plan Advisor Business Model

Retirement Plan Advisor

Plan sponsors are looking for guidance in an increasingly complex regulatory landscape. LPL Financial helps you support your clients—and grow your business—with a customized, complete solution. We can help you streamline everything from due diligence to benchmarking, and give you the ability to offer a range of co-fiduciary services.

LPL allows advisors to serve as a fiduciary. That's a new frontier for retirement planning … and is really the driving force helping plan sponsors run their plans better.

- John Ludwig, Founder, LHD Retirement

Resources and Support to Help You Deliver Value

As an independent retirement plan advisor, plan sponsors look to you to effectively address their unique company retirement objectives with a solid plan that will help meet the needs of employee plan participants. LPL Financial provides retirement plan advisors with the necessary education, research, tools, plan design options, integrated platforms, and ERISA fiduciary support required to help you meet and exceed client expectations.

In a heavily complex and ever-evolving regulatory environment, LPL supports retirement plan advisors with powerful resources to help diversify retirement plan investments, including:

  • A technologically advanced and cost-effective LPL Retirement Partners Tool Suite designed for retirement plan advisors
  • Comprehensive plan provider review and benchmarking
  • Provider due diligence, plan comparisons, and fee analysis
  • Support with investment policy statement (IPS) preparation
  • Investment monitoring and commentary

No matter the size of the sponsor’s plan, we bring the experience and tools that help you deliver value, pursue improved participant outcomes, and address fiduciary risk.

The Small Market Solution

Through the Small Market Solution, retirement plan advisors like you are able to offer to smaller clients the same range of services your larger clients expect. We provide you with a robust level of consulting expertise, research, investment monitoring, fee analysis and benchmarching and periodic plan reviews.

As a result, you can invest more time prospecting and building relationships that can help grow your retirement book of business.

Worksite Financial Solutions

LPL not only provides innovative solutions for plan sponsors, but also for plan participants. Worksite Financial Solutions gives plan participants access to a suite of tools to help simplify retirement planning. It includes comprehensive plan engagement, education, advice, and transition services coupled with ongoing support from our dedicated Retirement Results team so participants can make more informed retirement decisions and advisors can help plan sponsors address fiduciary concerns or compliance issues.

Retirement Plan Consulting Program

The Retirement Plan Consulting Program (RPCP) is offered under the LPL Corporate RIA and allows approved advisors to provide plan sponsor clients with fiduciary services with respect to the plan’s investments.

As an approved advisor in RPCP, you can show your value through ongoing investment recommendations and monitoring, including 404(c) and qualified default investment alternative assistance.

With our support, you’ll be armed with best practices and fiduciary know-how to address the evolving needs of plan sponsors and their employees.

  LPL Financial and LHD Retirement are separate entities