03.01.23

LPL Advisors Can Now Off-load Accounts to Company

by: Jacqueline Sergeant

LPL Financial has given advisors the option of selling a portion of their book of business to the company, as part of a new initiative designed to allow advisors to focus more on achieving their business goals. The new “Partial Book Sales” offering is designed for advisors “who are interested in strategically rightsizing their practice while ensuring a seamless client transition,” according to Aneri Jambusaria, managing director, LPL Services Group. The off-loaded accounts, she says, would be serviced by LPL’s Investor Focused Solutions team of licensed advisors, who will ensure continuity of advice and service. The process of transferring accounts is powered by a new digital platform.

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