LPL Fiduciary Focus
The Future of Your Company’s Retirement Plan
As an employer, you share the responsibility for guiding your employees toward making decisions that will afford them greater financial freedom in retirement. But here’s the quandary: Just as your workers look to you for financial guidance and advice, you must seek out an expert to help you navigate plan regulation and administration.
Do the following issues look familiar to your retirement plan committee?
- New regulations that add to the complexity of administration
- Fiduciary pressures to provide prudent investment options
- Timely (and potentially complex) fee disclosures to your participants
- Outside advisors whose allegiances are split between plan providers and investment managers
- Watershed regulations that require greater transparency about disclosing relationships between plan sponsors and their advisors
- Employees who feel they cannot afford to save, but are being courted by your competitors through their benefits programs
- Concerns over your employees’ retirement readiness
Your need for competent, objective retirement plan and investment advice—from an advisor you can trust—has never been greater. That’s why your plan should work with an independent retirement plan advisor affiliated with LPL Financial, such as The Plan Advocate at Independence Square Advisors.
The advisor: A powerful extension of your retirement plan committee
Four key tenets for running an effective retirement plan drive the partnership between your retirement plan advisor and LPL:
- Advice: Your retirement plan advisor can act as a co-fiduciary of your plan under ERISA section 3(21) for ongoing investment advice. Our advisors are paid by you—and not by any product sponsor.
- Meaningful, timely information and research: An LPL retirement plan advisor can offer you deep industry insights and knowledge of the regulatory landscape that help enable you to make the best choices for your plan’s individual needs.
- Easy access to value-added investments and services: An LPL retirement plan advisor can deliver proprietary research that’s designed to help you tap the world’s most talented investment management teams.
- Unparalleled service: An LPL retirement plan advisor firm is committed to providing what you and your employees deserve and expect—great financial education at enrollment and one-on-one meetings.
Today, LPL is the top independent broker/dealer in the country.1
The firm was formed in 1989 through the merger of two small but successful brokerage firms: Linsco and Private Ledger. In 2010, LPL acquired certain assets of National Retirement Partners to form its retirement plan focused division, LPL Retirement Partners. Combining boutique focus with the strength and resources of a national brokerage firm, LPL boasts an elite corps of top ranked advisors coast-to-coast.2
1. As reported by Financial Planning magazine, June 1996–2016, based on total revenue.?
2. LPL advisors and advisor teams made up a third of the PLANADVISER 2014 Top 100 Retirement Plan Advisers List. Selected solely on quantitative factors, including plan assets and number as reported directly by nominees.?
Click to view Taking Charge of Your Fiduciary Responsibilities
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.
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