LPL Provides Tax Planning Service for Advisors

“We consider that there’s a possibility for monetary advisors to distinguish themselves by providing in-depth methods that may proactively protect and improve shopper portfolios,” she stated in an announcement.

With Tax Planning Companies, “advisors can now confidently ship personalized tax evaluation and planning companies to purchasers instantly, as a substitute of referring tax-related points to accountants or different tax specialists,” she famous.

“We consider advisors who can enhance their worth proposition and supply a one-stop-shop answer can finally strengthen shopper outcomes and improve general satisfaction,” Woodford added.

Though outsourced tax planning help can “assist deepen an advisor’s service choices, it’s additionally very best for these seeking to higher serve high-net-worth purchasers and enhances LPL’s sturdy high-net-worth choices and capabilities,” in accordance with LPL.

These different LPL choices embrace an alternate investments platform, trustee companies, a sophisticated property and philanthropy planning staff, complicated life insurance coverage planning, complete reporting instruments, an annual tax information, tax administration capabilities inside LPL’s unified managed account platform, Mannequin Wealth Portfolios, and discounted entry to tax planning software program, LPL stated.

Tax Planning Companies is only one of LPL’s complete tax-related assets that it stated are “designed to help our advisors with delivering holistic funding and tax administration recommendation to their purchasers.”

LPL serves virtually 22,000 monetary advisors, together with advisors at about 1,100 enterprises and at roughly 550 registered funding advisor corporations throughout america, it stated.

Photograph Credit score: Shutterstock

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