2022-09-29 | NDAQ:LPLA | Press release

Advisors can streamline business decisions and receive accurate and timely financial reports from a dedicated accountant

CHARLOTTE, North Carolina, Sept. 29, 2022 (GLOBE NEWSWIRE) — LPL Financial LLC today announced that the firm’s advisors can now access bookkeeping services. LPL’s most recent offering is designed to provide a high level of support by pairing an advisor with an industry-trained accountant who understands their unique business needs.

“Up-to-date financial data and accurate books are essential to making business decisions with confidence, ” said Aneri Jambusaria, Executive Vice President, LPL Services Group. “We recognize the complexity of our advisors’ labor and time required to maintain the books accurately. Our new service is designed to save advisors time with accurate reporting from an accountant who is well versed in LPL and wealth management best practices.”

LPL’s bookkeeping services operate as an extension of the advisor’s practice, providing dedicated support to record and categorize financial data and use advisor commission statements to provide up-to-date reports. Service begins with onboarding, during which processes are established to set the stage for long-term success.

“Whether creating financial reports for the first time, transferring bookkeeping responsibilities, or seeking inorganic business growth, we believe that LPL-affiliated advisors at all stages of the business can benefit from this service,” says Jambusaria.

Bookkeeping Services is LPL’s latest service, aimed at enabling advisors to provide excellent financial advice and run a successful business. The launch of Bookkeeping Services follows the introduction of Para-planning services and the Private Customer Service Network earlier this year.

Bookkeeping services are now available to all LPL advisors and waived onboarding fees will be provided for a limited time.

About LPL Financial

LPL Financial (Nasdaq: LPLA) was founded on the principle that the business should work for the advisor, not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 21,000 financial advisors, approximately 1,100 institutional investment programs and approximately 500 independent RIA firms nationwide. We are unwavering in our commitment to the advisor-centric model and the belief that Americans deserve access to personalized advice from a financial advisor. At LPL, independence means advisors have the freedom they deserve to choose the business model, services and technology resources that allow them to run their practice perfectly. And they have the freedom to manage their relationships with their customers because they know their customers best. Simply put, we take care of our advisors, so they can take care of their clients.

* Best RIA Custodian (Cerulli Associates, 2020 US RIA Marketplace Report); #1 independent brokerage in the United States (based on total revenue, Financial Planning magazine 1996-2022); among third-party providers of brokerage services to banks and credit unions, #1 in growth of financial institutions’ assets under management; No. 1 in financial institution AUM market share; #1 in financial institution revenue market share; #1 in Financial Institutions Market Share; #1 in Advisor Share (Kehrer Bielan Research & Consulting TPM 2021-2022 Annual Report). Fortune 500 in June 2021.

LPL and its affiliates provide financial services only from the United States.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or representatives of investment advisers affiliated with LPL Financial LLC. We regularly disclose information that may be material to shareholders under “Investor Relations” or” Press Releases” section of our website.

Connect with us!





Media Contact:

[email protected]

(805) 640-5391

main logo

Comments are closed.