LPL to Provide RPA Clients with Fee-Based Advice Services

LPL Financial has been selected to provide clients of Retirement Planning Analytics with fee-based investment advisory services.

Retirement Planning Analytics (RPA) has chosen LPL Financial for support in providing clients with fee-based investment advisory services.

RPA, a newly formed retirement plan advisory and consulting firm based in Charlotte, North Carolina, serves nonprofits, such as ministries and faith-based organizations; professional groups, including organizations for doctors, lawyers and dentists; and businesses in a range of industries.

RPA’s founder, Todd Timmerman, has entered into an agreement with Ronald Blue & Co. to transition client retirement plan assets to LPL’s platform while allowing Ronald Blue & Co. advisers to continue to act as the relationship managers for those clients. Ronald Blue & Co. reported that, as of Feb. 28, its advisers reported servicing in excess of $1 billion of client retirement plan assets.

Timmerman has more than 27 years of experience assisting with the retirement plans of major companies. He is joined by a relationship manager and plans to bring on two additional analysts.

RPA’s goal is to help organizations and their employees with the processes and solutions for working toward better retirement outcomes, Timmerman said in a statement. “I chose LPL because they stand out in the industry for the resources and industry leadership they bring to the retirement planning business,” he said. “Our clients will benefit from the wealth of resources now available to us.”

“At a time when the importance of retirement planning is gaining greater attention across the United States, and there is also increased complexity and regulation, we are able to support Todd and RPA as they help their clients work to achieve better outcomes for plan participants,” David Reich, executive vice president and head of Retirement Partners at LPL, said in a statement.

RPA is solely focused on retirement plan consulting, providing fee-based services to a wide range of organizations across the United States. RPA works with retirement plan committees to help mitigate their risks and improve decision-making as they carry out fiduciary duties. The firm also assists human resources and finance departments in implementing their organizations’ retirement plans, and helps employees and other plan participants engage in the retirement planning process in an effort to optimize their retirement outcomes.