LPL Financial has introduced Bookkeeping Services, a new offering for the firm's advisors that it said Thursday pairs an advisor with an industry-trained bookkeeper who understands their unique business needs.
A waived onboarding fee will be provided for a limited time, LPL said.
Advisors can now use the new offering to "streamline" their business decisions and receive accurate and timely financial reports from the bookkeepers, LPL noted.
Bookkeeping Services operates as an extension of the advisor's practice, providing dedicated support to record and categorize financial data and use the advisor's commission statements to provide up-to-date reporting, it said.
The service starts with onboarding, during which time processes are established to "set the stage for long-term success," LPL said.
