LPL Financial has launched Partial Book Sales, a new service that the firm said Thursday allows affiliated advisors to easily reshape their book of business and create capacity so that they can focus on more important matters.
Advisors can use Partial Book Sales to right-size their businesses by shifting clients directly to LPL, the company said.
The new service makes use of a new digital platform that makes completing a partial book sale seamless, according to LPL.
The company also says that the latest LPL offering is now available to all corporate RIA-affiliated LPL advisors.
The Partial Book Sales launch follows the 2022 introductions of Bookkeeping Services, Paraplanning Services and the Private Client Services Network.
Advisors using the new service will be guided through identifying and submitting accounts for transfer to LPL, and the advisors will then receive upfront payout on approval, LPL said.
