Plan sponsor clients of Aspire Financial can now access LPL's Worksite Financial Solutions, including the platform’s Employee Advice Solution, which allows plan participants to receive customized retirement advice through an online service that can factor in various data on each participant’s financial picture and life stage.
Participants can elect to receive personalized advice through the system or manage their accounts on their own, the firms say. Plan participants can also elect to receive advice in both to- and through-retirement arrangements.
By partnering with LPL, Aspire says it hopes its retirement plan sponsors and advisers can better address the needs of plan participants throughout their financial lives, from the date of hire through retirement.
LPL says the new partnership will also create significant opportunities for its advisers to provide more value to plans that are currently served by Aspire.
Pete Kirtland, president and CEO of Aspire, says the partnership should deliver quality plan design support for sponsors that is driven by robust technology, real-time data and wide array of investment choices.
More information is available at www.aspireonline.com.