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Nationwide Offers LPL Financial's Employee Advice Solution to Shared Retirement Plan Clients

December 03, 2015

Tool helps independent advisors affiliated with LPL Financial provide personalized advice to Nationwide retirement plan participants

Columbus, OH - Nationwide’s retirement plan business now offers access to LPL Financial’s Employee Advice Solution (EAS) through its recordkeeping platform. The new tool allows Nationwide to supply LPL-affiliated advisors with the data they need to offer timely, personalized financial advice to plan participants. 

The EAS tool, launched by LPL in 2014, delivers participant advice through an online service. Based on information that participants provide about their financial picture, participants can engage with a financial advisor directly to receive personalized retirement advice or they can choose to manage their accounts on their own. They can also elect to receive advice all the way through retirement.

Nationwide, as the plan recordkeeper, will provide a daily participant-level data feed when requested by plan sponsors, enabling LPL advisors to provide tailored financial advice and facilitate a closer relationship between advisors and plan participants.

LPL’s EAS tool is part of the firm’s Worksite Financial Solutions platform, which offers a suite of services to help participants create confidence in their financial futures. The platform is fully integrated with LPL’s reporting and monitoring tools for plan advisors. Nationwide is one of the few retirement plan providers to support both the EAS tool and the Employee Transition Solution tool, which is also available within the platform and provides participants with guidance during career changes.

“Nationwide and LPL Financial have a long-standing partnership and a history of working together to deliver better outcomes for participants,” said Joe Frustaglio, vice president of Nationwide’s private-sector retirement plans business. “Our administrative support of the EAS tool continues that tradition by making it easier for advisors to engage with plan participants.”

“We are proud to work with Nationwide, and we value their support of the EAS tool and Worksite Financial Solutions platform, which enables plan participants to receive the personalized advice they need in order to prepare for the landscape ahead with confidence,” said David Reich, executive vice president and head of Retirement Partners for LPL Financial.

About LPL Financial 

LPL Financial, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA), is a leader in the retail financial advice market and currently serves $486 billion in advisory and brokerage assets. LPL is one of the fastest growing RIA custodians and is the nation’s largest independent broker-dealer (based on total revenues, Financial Planning magazine, June 1996-2015). The Company provides proprietary technology solutions, comprehensive clearing and compliance services, practice management programs and training, and independent research to more than 14,100 independent financial advisors and 700 banks and credit unions, enabling them to help their clients turn life’s aspirations into financial realities. Advisors associated with LPL serve an estimated 40,000 retirement plans with an estimated $120 billion in retirement plan assets, as of June 30, 2015. LPL also supports approximately 4,300 financial advisors licensed and affiliated with insurance companies with customized clearing, advisory platforms and technology solutions. LPL Financial and its affiliates have 3,385 employees with primary offices in Boston, Charlotte, and San Diego. For more information, please visit www.lpl.com.

LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Worksite Financial Solutions is a program exclusive to LPL Financial and its advisor partners. LPL Financial and Nationwide are not affiliated entities.

About Nationwide

Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the U.S. and is rated A+ by both A.M. Best and Standard & Poor’s. The company provides a full range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; banking and mortgages; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com.


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