LPL Financial has introduced a financial planning service for use by its affiliated and employee representatives.
The firm’s new Paraplanning Services team will work with advisers to learn about their clients’ needs. Then paraplanners will gather and input data into financial planning software, such as eMoney, WealthVision, MoneyGuidePro and Right Capital, to generate insights and provide advisers with a financial plan for their clients.
“This plan becomes the guide for advisers and their clients, with plan maintenance available on an annual basis,” the company said in a release.
Aneri Jambusaria, executive vice president of planning and advice services at LPL, said in the release that 150,000 LPL advisers now offer financial planning services to clients and another 20,000 are expected to add such services over the next three years.
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
