The retirement plan business of Nationwide has partnered with LPL Financial to deliver actionable participant data to better personalize savings strategies to LPL-advised defined contribution plans.
LPL, the nation’s largest independent broker dealer, has a channel of about 14,000 brokers and advisors, which oversee about $465 billion client assets.
In 2013 it launched its Retirement Partners Group to support advisors that have 401(k) sponsor clients. At the time of the rollout, LPL said about 1,400 of its reps had five or more retirement plans on their books, which represented about one quarter of those reps revenues.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
