Latest LPL Service for Advisors: Partial Book Sales

Once transferred, LPL’s Investor Focused Solutions team of licensed advisors will immediately contact the clients and assume responsibility for the ongoing relationship.

“Whether in strategic growth mode, prepping for future M&A, evolving their niche or pursuing other passions, we believe advisors of all stages can benefit from LPL’s Partial Book Sales,” said Aneri Jambusaria, executive vice president of LPL Services Group.

Using the new service, “advisors can reclaim their time without the guesswork, negotiation, delays and advice gaps typically associated with a partial book sale,” Kraleigh Woodford, senior vice president of LPL Planning and Advice Services, said in a statement.

“They’ll have confidence in knowing that LPL will continue to engage with and provide personalized financial advice to those valued clients,” Woodford added.

LPL now supports about 21,000 financial advisors, including advisors at about 1,100 enterprises and at approximately 500 RIA firms nationwide, the company said.