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LPL Financial Professionals can Utilize Guardian Insurance Solutions with LPL's Worksite Financial Solutions Platform

June 30, 2014

LPL Financial professionals can now use the LPL Financial’s Worksite Financial Solutions platform which has been integrated with the Guardian Insurance & Annuity Company’ retirement plan products such as the Guardian Choice and the Guardian Advantage.

The integrated solutions are slated to help retirement plan sponsors and financial professionals to seamlessly cater to the requirements of plan participants throughout their financial lives.

The main objective of the LPL Financial’s Worksite Financial Solutions platform is to provide an alternative way to the current irregular method of participant advice, in which most workers receive only rudimentary financial education and a menu of investment options, rather than the personalized financial advice and guidance they need to adequately plan for the future. The platform is said to reflect the vision of LPL Financial Retirement Partners, the retirement plan-focused division of LPL Financial, for the future of the retirement plan advisory services industry, and also encompasses the company’s Employee Transition Solution.

The Guardian is a group variable funding agreement for small and mid-sized employer-sponsored qualified retirement plans. Investment options provided under Choice span the risk/reward spectrum and follow a range of investment goals and there is no pressure on the plan sponsors to choose a particular fund when selecting their investment options. The Guardian Advantage can help small businesses equip their employees with a retirement solution that enables them to save for the long term.

Douglas Dubitsky, vice president of Guardian Retirement Solutions, stated, “As the go-to provider for the small plan market, Guardian is constantly looking for ways to offer large plan services to our micro-to-small plan clients. Plan sponsors who work with Guardian Retirement Solutions and LPL Financial will now have access to powerful employee transition and engagement solutions that will improve the enrollment, management and support experience for retirement plan participants.”

Dubitsky added, “Guardian Retirement Solutions is excited to be part of LPL’s innovative Worksite Financial Solutions platform, which better aligns the needs of participants, sponsors and financial professionals and helps employees manage and grow their retirement plan assets across the full spectrum of their financial lives.”




Edited by Peter Bernstein

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