LPL Financial announced Tuesday a new initiative called The Rollover Results Program that is designed to benefit its representatives who advise retirement plans as well as plan sponsors, while providing objective education to plan participants.

According to David Reich, LPL's executive vice president for retirement platform development, the first offering in the program includes the Retirement Results Desk, which in addition to providing education for plan participants as they separate from their employers, provides an added service for those employees by LPL-affiliated retirement plan advisors. "It's a value add for the employers," Reich said, is "great for [retirement plan] advisors when they're going up with prospective plan providers, and will help participants reach their retirement goals." 

The Desk will "expedite rollovers" from those retirement plans to either the retirement plan advisors themselves, when appropriate, or match separating employees with other LPL advisors based on an advisor-matching database with multiple criteria, including geographic proximity to those participants and advisors who are active in retirement planning. The retirement plan advisor and the outside advisor will then work together on a plan for individual clients.