LPL Financial says it has introduced the LPL Private Client Services Network, which gives its affiliated financial advisors access to "boutique-style" services for high-net-worth investors.
Services provided by the network include assistance with "the sale of small and mid-sized businesses; hedging and monetizing concentrated stock positions; high-end property and casualty insurance; specialized tax services; and specialty lending," according to the broker-dealer.
"The new program … [creates] a full-service option for advisors serving or seeking to serve affluent clients," according to Patrick J. Herrington, head of LPL Private Client. "With LPL's Private Client Services Network, advisors have access to vetted providers, enabling a concierge-like experience that can help advisors grow value and deepen relationships with clients."
The firm launched the new program at its Private Wealth Symposium for advisors specializing in HNW clients, held earlier this week at the University of Chicago Booth School of Business.
