Business
LPL Financial Highlights Progress of Liquidity & Succession Program
Program allows advisors the freedom to refocus on their clients while preserving their legacy CHARLOTTE, N.C., Sept. 20, 2023 (GLOBE NEWSWIRE) -- LPL
About this update from Lpl Financial Holdings Inc.
[{"type":"text","content":"Program allows advisors the freedom to refocus on their clients while preserving their legacy\nCHARLOTTE, N.C., Sept. 20, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC today announces key updates on its Liquidity & Succession offering which is aimed at advisors who are seeking to monetize the business they have built either due to a desire to retire or to simply free themselves of their business owner duties in order to refocus on their clients and grow their business. Through a market-competitive M&A transaction, LPL Liquidity & Succession offers advisors – whether affiliated with LPL or not – who are looking to sell their practice the ability to maintain their brand, investment philosophy and client service model while benefitting from LPL’s strategic and operational support. “LPL Liquidity & Succession was designed with advisors in mind and is the first program of its kind in the market today,” said Executive Vice President, Strategic Business Development, Jeremy Holly. “At LPL, we understand that fostering relationships is paramount for advisors, but as their business grows managing the day-to-day business operations can keep advisors from being able to focus solely on their clients. LPL Liquidity & Succession provides advisors with the resources, support and tools necessary to let them get back to the parts of the business they love. By cultivating these partnerships, LPL allows advisors to build a targeted and comprehensive strategy for the next evolution of their business.” With a focus on advisors who plan to retire within three to seven years, but open to advisors at any stage of their career looking to take advantage of all the benefits LPL Liquidity & Succession offers, the program helps seasoned advisors realize the practice value of their life’s work through three core pillars: Monetize: LPL Financial offers competitive valuation and a tailored and transparent payout structure to reward advisors for the business they’ve built.Support: With a dedicated team and built-in support structure of LPL’s W2 model, LPL offers advisors the ability to offload their business operating duties so they can focus on what’s most important – their clients.Strategize: LPL Financial provides advisors with near and long-term support and strategies to ensure they’re ready for the next phase of their business. As the first program of its kind...