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Retirement Partners Tool Suite

The level of service you provide your retirement plan clients is a key differentiator for your business. It not only helps attract new clients and referrals, it also strengthens existing relationships. And nowhere is your service response more evident than in your ability to deliver timely, thorough and accurate reports and information. To achieve this, you require access to sophisticated retirement plan tools and technology that continue to evolve as your needs and the industry change over time.

In addition to the valuable suite of solutions provided specifically for retirement plan advisors via ClientsFirst and AdvisorFirst, LPL Financial Retirement Partners offers a variety of tools to significantly help enhance advisor productivity across all aspects of your retirement plan business. This suite helps advisors automate ongoing investment analysis, fiduciary monitoring report production and streamline the Request for Proposal (RFP) process.

Investment Due Diligence

The LPL Financial Research Team actively examines the market to compile precise, up-to-date quarterly investment due diligence reports, including:

  • One-page Scorecards
  • Provider Due Diligence Books
  • Market Commentary
  • Target Date Fund Analysis
  • Expense Ratio Analyzer
  • Blue Ribbon and Watch List
  • Pertinent Market Analysis Exhibits

Fiduciary Monitoring System
Through a series of simple steps advisors can create a profile for a client or prospect in the Fiduciary Monitoring System. With a few more clicks of the mouse, advisors can generate a customized investment policy statement in moments. The Fiduciary Monitoring System will also monitor your clients' investment lineup on an ongoing basis and notify you of any changes in performance or monitoring criteria.

Expense Analyzer
The LPL Financial Expense Analyzer is fully integrated with the Fiduciary Monitoring System.  The intuitive interface allows advisors to input any additional fund data such as 12b-1 fees, , or wrap fees. The Expense Analyzer will automatically import the fund list, assets and expense ratios and generate a cohesive report in seconds.

401(k) Provider Benchmarking
LPL Financial Retirement Partners has partnered with PLANSPONSOR and Pathfinder to create a proprietary plan provider analysis and bench­marking tool. SearchPRO maintains the richest data and conducts the most comprehensive research on retirement plan providers and asset managers. SearchPRO allows you and your clients to evaluate plan providers on fundamental product, service, and cost components-a critical component in the due diligence process-in a streamlined fashion.

Client Relationship Management
Using a client relationship management system (CRM) provides an opportunity to transform your clients and prospects into long-lasting and mutually beneficial relationships-clients for life. LPL Financial Retirement Partners has worked with to create a customized client management system specifically designed to support the needs of today's retirement plan advisors.

ERISA Help Desk
The retirement plan marketplace grows more complex each day with changing regulations, Department of Labor (DOL) opinion letters, plan design trends and more. The Technical Answer Group is a time-share solution providing the expertise advisors need, when they need it. LPL Financial Retirement Partners has partnered with the Technical Answer Group to provide advisors with:

  • Unlimited technical support
  • Access to research
  • DOL resources
  • Industry periodical articles

Industry Reports
Each year PLANSPONSOR conducts a Defined Contribution Study, surveying over 5,000 plan sponsors covering 28 U.S. industries. The survey results are compiled and incorporated into a comprehensive 60+ page report. Each survey topic is covered in detail with the following:

  • Comparisons by asset class
  • Comprehensive analysis of multiple areas of plan design
  • In-depth coverage of 401(k) plan design and investments, including
    • Participation rates
    • Investment advice
    • Investment options
    • Online features
    • Company match
    • Plan costs/fees
    • Company stock
    • Advisor services

Advisor Compensation Calculator
The Advisor Compensation Calculator (ACC) helps you benchmark and set fees based on the services you plan to provide, helping to ensure your competitive edge as you seek to achieve your profitability goals.

Larkspur DataMaster Pro
Larkspur Data's DataMaster Pro is a searchable database with detailed information on over 1 million qualified plans nationwide. Users can search by any combination of over 50 different criteria to identify the best prospects in their area.