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“We imagine that there’s a chance for monetary advisors to distinguish themselves by providing in-depth methods that may proactively protect and improve consumer portfolios,” she mentioned in an announcement.
With Tax Planning Providers, “advisors can now confidently ship personalized tax evaluation and planning companies to purchasers straight, as an alternative of referring tax-related points to accountants or different tax specialists,” she famous.
“We imagine advisors who can improve their worth proposition and supply a one-stop-shop resolution can in the end strengthen consumer outcomes and improve total satisfaction,” Woodford added.
Though outsourced tax planning assist can “assist deepen an advisor’s service choices, it’s additionally ideally suited for these trying to higher serve high-net-worth purchasers and enhances LPL’s sturdy high-net-worth choices and capabilities,” in response to LPL.
These different LPL choices embrace an alternate investments platform, trustee companies, a complicated property and philanthropy planning crew, complicated life insurance coverage planning, complete reporting instruments, an annual tax information, tax administration capabilities inside LPL’s unified managed account platform, Mannequin Wealth Portfolios, and discounted entry to tax planning software program, LPL mentioned.
Tax Planning Providers is only one of LPL’s complete tax-related sources that it mentioned are “designed to help our advisors with delivering holistic funding and tax administration recommendation to their purchasers.”
LPL serves virtually 22,000 monetary advisors, together with advisors at about 1,100 enterprises and at roughly 550 registered funding advisor companies throughout the US, it mentioned.
Picture Credit score: Shutterstock
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