LPL Financial (LPLA) said Thursday that it has beefed up its retirement planning platform with tools for financial advisors and plan participants from Morningstar Associates, Financial Finesse and Wealth Management Systems.
With these new tools, the Worksite Financial Solutions platform, which LPL launched in early March, can serve as a more effective "end-to-end solution" for retirement plan sponsors and advisors, according to LPL, while better meeting the needs of plan participants with tools for financial education, personalized advice and account-transition services.
"Through our launch of Worksite Financial Solutions, we are seeking to completely reinvent the world of retirement plan financial advice, in order to counteract the current inadequate and fragmented system of retirement planning prevalent at so many workplaces in America today," said Bill Chetney (left), executive vice president of LPL Financial Retirement Partners, in a press release.
"We are tremendously excited to work with some of the most outstanding and forward-thinking service providers in the industry, in order to give our nation's workers the tools and resources they need to plan for all stages of their financial lives, including retirement, and to make our vision become a reality."
