Business
LPL Financial Debuts Partial Book Sales Service
Advisors seeking an easy method of right-sizing their business can now shift clients directly to LPL CHARLOTTE, N.C., Feb. 09, 2023 (GLOBE NEWSWIRE) -- LPL
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"Advisors seeking an easy method of right-sizing their business can now shift clients directly to LPL\nCHARLOTTE, N.C., Feb. 09, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced the launch of its newest offering, Partial Book Sales, allowing advisors to easily reshape their book of business and create capacity to do more of what matters most. “Whether in strategic growth mode, prepping for future M&A, evolving their niche or pursuing other passions, we believe advisors of all stages can benefit from LPL’s Partial Book Sales,” said Aneria Jambusaria, executive vice president, LPL Services Group. Powered by a new digital platform, completing a partial book sale is seamless. Advisors are guided through identifying and submitting accounts for transfer, and receive upfront payout on approval. Once transferred, LPL’s Investor Focused Solutions team of licensed advisors immediately contacts the clients and assumes responsibility for the ongoing relationship. “With this service, advisors can reclaim their time without the guesswork, negotiation, delays and advice gaps typically associated with a partial book sale,” said Kraleigh Woodford, senior vice president, LPL Planning and Advice Services. “They’ll have confidence in knowing that LPL will continue to engage with and provide personalized financial advice to those valued clients.” Partial Book Sales is the latest service from LPL, focused on enabling advisors to right-size in order to run a thriving business. This launch follows the 2022 introductions of Bookkeeping Services, Paraplanning Services and the Private Client Services Network. This new service is immediately available to all corporate RIA-affiliated LPL advisors. About LPL FinancialLPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve*, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 enterprises and at approximately 500 registered investment advisor (\"RIA\") firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and tec...