DRESHER, Pa.--(BUSINESS WIRE)--Ascensus, the nation’s largest independent retirement services provider, has partnered with LPL Financial LLC, to provide access to its Worksite Financial Solutions platform for LPL plans and plan participants on the Ascensus recordkeeping platform that have engaged one of LPL’s advisors.
LPL’s Worksite Financial Solutions provides the benefit of enabling participants to engage with their LPL financial advisor directly—either face-to-face, online, or over the phone—to receive personal financial advice based on their unique situation so they can adequately plan for the future.
Through the Employee Advice Solution of Worksite Financial Solutions, plan participants can receive customized retirement advice. After completing a detailed “on-boarding” process, participants can elect to receive personalized advice through the system or manage their accounts on their own. The system is capable of providing advice while the participant is accumulating their nest egg, in addition to supporting them through retirement.
Worksite Financial Solutions is fully integrated with LPL Financial’s reporting and monitoring tools for plan advisors. Participants who are clients of LPL can receive account reviews and updates from their advisor, creating opportunities for advisors to form closer relationships with plan participants.
With more than 30 years of industry experience, Ascensus is a leading provider of high-quality retirement plan solutions for organizations of all sizes. Through its 1,100+ highly trained associates and one of the largest ERISA consulting practices in the U.S., Ascensus provides recordkeeping and administrative services to over 43,000 retirement plans and administers over 1.5 million IRAs. Ascensus partners with financial institutions to offer tailored solutions to meet the needs of financial professionals, employers, and individuals. For more information, visit www.ascensus.com.
About LPL Financial
LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is the nation's largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2013), a top RIA custodian,* and a leading independent consultant to retirement plans. LPL Financial offers proprietary technology, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 13,400 financial advisors and approximately 700 financial institutions. In addition, LPL Financial supports more than 4,600 financial advisors licensed with insurance companies by providing customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have approximately 3,000 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.
Securities and Advisory Services offered through LPL Financial. A Registered Investment Advisor, Member FINRA/SIPC
*Cerulli Associates: RIA Service Agent Survey Q1 2013