New benchmarking and comprehensive reporting tools delivered by Fiduciary Benchmarks round out the expanded LPL Retirement Partners tool suite.
David Reich, LPL executive vice president and head of Retirement Partners, says including Fiduciary Benchmarks as an integrated offering within the LPL Retirement Partners tool suite “is consistent with our goal to leverage LPL’s size and scale to our advisers’ advantage.”
Through the new integration, Fiduciary Benchmarks offers LPL advisers a complete suite of tools designed to serve the retirement plan business in managing risk, helping to improve participant outcomes and evaluating service providers. The company has also introduced the Retirement Outcomes Evaluator, an interactive plan design modeling tool that helps plan sponsors evaluate the impact of plan design features on participant retirement outcomes.
“LPL is the first broker/dealer to make Fiduciary Benchmarks’ full suite of services available to its clients and is also the first broker/dealer to provide the Retirement Outcomes Evaluator,” notes Tom Kmak, CEO at Fiduciary Benchmarks. “We are excited to be able to provide our comprehensive suite of services and resources to LPL-affiliated advisers and plan sponsors to help enhance their clients’ business and grow their client base.”
LPL’s adds its Retirement Partners tool suite is designed to support the critical areas of adviser plan business including investments, fiduciary support, plan design consulting and plan management.