Nationwide says the integration will help LPL advisers provide their retirement plan participants with actionable financial advice while enabling plan sponsors who work with both firms to offer powerful employee transition and engagement solutions. The integrated services are designed to help improve the efficiency of employee enrollment into retirement plans while promoting financial education and wellness.
The goal of the integration is to help Nationwide Financial
and LPL advisers better address the needs of plan participants throughout their
financial lives, from the date of hire to retirement and beyond.
Joe Frustaglio, vice president of private-sector retirement plan sales for Nationwide Financial, says his firm and LPL have enjoyed a long-standing partnership, and that the integration should make it easier for advisers to engage one-on-one with plan participants and offer the support needed to reach retirement goals.
LPL Financial is an independent broker/dealer, a registered investment adviser (RIA) custodian and a wholly owned subsidiary of LPL Financial Holdings Inc.
More information is available here.